Integra Resources (NYSEAMERICAN:ITRG) Stock Price Down 9.3% – Here’s What Happened

Shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) traded down 9.3% during trading on Tuesday . The stock traded as low as $3.22 and last traded at $3.2370. 720,012 shares were traded during trading, a decline of 75% from the average session volume of 2,878,980 shares. The stock had previously closed at $3.57.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ITRG. Canaccord Genuity Group started coverage on Integra Resources in a research report on Monday, January 12th. They issued a “moderate buy” rating and a $9.25 target price for the company. Roth Mkm set a $7.00 price objective on Integra Resources in a report on Tuesday, January 27th. Finally, HC Wainwright upped their target price on Integra Resources from $5.00 to $7.25 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $7.83.

Integra Resources Price Performance

The firm has a 50-day simple moving average of $4.05 and a 200-day simple moving average of $3.19. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.58 and a quick ratio of 1.05. The firm has a market capitalization of $630.24 million, a PE ratio of 38.23 and a beta of 0.72.

Institutional Investors Weigh In On Integra Resources

A number of hedge funds have recently modified their holdings of the business. Independent Advisor Alliance bought a new position in Integra Resources in the 4th quarter worth $40,000. Hohimer Wealth Management LLC bought a new position in shares of Integra Resources in the fourth quarter worth about $40,000. Brookstone Capital Management bought a new position in shares of Integra Resources in the fourth quarter worth about $41,000. Mindset Wealth Management LLC purchased a new position in Integra Resources during the fourth quarter valued at approximately $49,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Integra Resources in the third quarter worth approximately $42,000. Institutional investors own 26.67% of the company’s stock.

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.