Sei Investments Co. Makes New Investment in Integra Resources Corp. $ITRG

Sei Investments Co. acquired a new stake in Integra Resources Corp. (NYSEAMERICAN:ITRG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 255,560 shares of the company’s stock, valued at approximately $698,000. Sei Investments Co. owned 0.13% of Integra Resources as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ITRG. Caitong International Asset Management Co. Ltd acquired a new position in Integra Resources during the fourth quarter worth $29,000. Independent Advisor Alliance bought a new stake in shares of Integra Resources during the fourth quarter worth about $40,000. Hohimer Wealth Management LLC bought a new stake in shares of Integra Resources during the fourth quarter worth about $40,000. Bank of America Corp DE raised its holdings in shares of Integra Resources by 336.4% in the 4th quarter. Bank of America Corp DE now owns 46,697 shares of the company’s stock worth $41,000 after acquiring an additional 35,997 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of Integra Resources in the 4th quarter worth about $46,000. Institutional investors own 26.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Roth Capital set a $5.00 price target on Integra Resources in a research note on Monday, July 27th. HC Wainwright reissued a “buy” rating and issued a $6.75 price objective on shares of Integra Resources in a research note on Wednesday. Finally, Zacks Research lowered Integra Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. 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.com, Integra Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.00.

Integra Resources Price Performance

Shares of NYSEAMERICAN:ITRG opened at $2.78 on Friday. The company has a market capitalization of $563.98 million, a P/E ratio of 69.52 and a beta of 0.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.17 and a current ratio of 5.31. Integra Resources Corp. has a fifty-two week low of $1.67 and a fifty-two week high of $4.87. The company’s 50-day moving average is $2.35 and its 200 day moving average is $2.88.

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.