Renaissance Technologies LLC Acquires 1,556,199 Shares of Integra Resources Corp. $ITRG

Renaissance Technologies LLC lifted its holdings in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) by 287.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,096,899 shares of the company’s stock after purchasing an additional 1,556,199 shares during the quarter. Renaissance Technologies LLC’s holdings in Integra Resources were worth $5,725,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Integra Resources by 39.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,578,187 shares of the company’s stock worth $19,195,000 after buying an additional 1,871,042 shares during the period. Bank of America Corp DE boosted its holdings in shares of Integra Resources by 60.9% in the third quarter. Bank of America Corp DE now owns 3,806,494 shares of the company’s stock valued at $11,229,000 after buying an additional 1,440,789 shares during the period. Montrusco Bolton Investments Inc. acquired a new position in shares of Integra Resources in the first quarter valued at approximately $7,195,000. Millennium Management LLC boosted its holdings in shares of Integra Resources by 175.7% in the fourth quarter. Millennium Management LLC now owns 1,954,804 shares of the company’s stock valued at $7,850,000 after buying an additional 1,245,850 shares during the period. Finally, Walleye Capital LLC increased its position in shares of Integra Resources by 15.9% during the fourth quarter. Walleye Capital LLC now owns 1,736,438 shares of the company’s stock worth $6,963,000 after acquiring an additional 238,030 shares in the last quarter. 26.67% of the stock is currently owned by institutional investors and hedge funds.

Integra Resources Stock Performance

Shares of ITRG opened at $2.39 on Thursday. The stock has a market capitalization of $484.86 million, a price-to-earnings ratio of 59.76 and a beta of 0.86. Integra Resources Corp. has a 12 month low of $1.54 and a 12 month high of $4.87. The firm has a fifty day simple moving average of $2.35 and a 200 day simple moving average of $2.96. The company has a current ratio of 4.96, a quick ratio of 3.17 and a debt-to-equity ratio of 0.10.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ITRG. Roth Capital set a $5.00 price objective on shares of Integra Resources in a report on Monday, July 27th. Zacks Research cut Integra Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Finally, HC Wainwright reissued a “buy” rating on shares of Integra Resources in a research note on Friday, June 26th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $7.00.

Integra Resources Company Profile

Integra Resources Corp. is a mineral exploration and development company focused on the acquisition, characterization and advancement of precious metals projects in North America. The company’s flagship asset is the DeLamar Gold-Silver Project in southwestern Idaho, a historic mining district that produced both gold and silver from the late 19th century through the mid-20th century. Integra’s business model emphasizes resource delineation, metallurgical optimization and progression through permitting and engineering phases toward potential production.

Since its incorporation in 2017, Integra Resources has undertaken multiple drilling campaigns and metallurgical studies aimed at upgrading and expanding the known mineral inventory at DeLamar.