HC Wainwright Reiterates Buy Rating for Integra Resources (CVE:ITR)

HC Wainwright reaffirmed their buy rating on shares of Integra Resources (CVE:ITR) in a research note issued to investors on Monday, Zacks.com reports.

A number of other research firms have also recently commented on ITR. Pi Financial boosted their price target on Integra Resources from C$7.00 to C$7.05 and gave the stock a buy rating in a report on Tuesday, February 9th. Raymond James set a C$8.00 price target on Integra Resources and gave the company an outperform rating in a report on Friday, June 4th. Finally, Desjardins restated a buy rating on shares of Integra Resources in a report on Wednesday, May 19th. Five research analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average price target of C$7.35.

Integra Resources stock opened at C$4.07 on Monday. The company’s 50-day moving average price is C$3.83. The company has a market cap of C$223.09 million and a P/E ratio of -6.46. Integra Resources has a 52-week low of C$2.60 and a 52-week high of C$5.90. The company has a current ratio of 4.48, a quick ratio of 4.47 and a debt-to-equity ratio of 3.85.

Integra Resources (CVE:ITR) last released its quarterly earnings results on Friday, May 14th. The company reported C($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.10) by C($0.05). On average, equities research analysts forecast that Integra Resources will post -0.25 EPS for the current fiscal year.

About Integra Resources

Integra Resources Corp., a mineral resources company, engages in the acquisition, exploration, and development of mineral properties in the Americas. The company primarily focuses on the development of DeLamar project that consists of DeLamar and Florida Mountain gold and silver deposits comprising 748 unpatented lode, placer, and millsite claims, as well as 16 tax parcels covering an area of approximately 8,100 hectares located in the Owyhee County, south western Idaho.

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Analyst Recommendations for Integra Resources (CVE:ITR)

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