Integra Resources’ (ITRG) Buy Rating Reiterated at HC Wainwright

HC Wainwright reissued their buy rating on shares of Integra Resources (NYSEAMERICAN:ITRG) in a research note published on Tuesday morning, Benzinga reports. They currently have a $3.75 target price on the stock.

Integra Resources Trading Down 3.0 %

NYSEAMERICAN ITRG opened at $0.87 on Tuesday. The company has a market capitalization of $76.52 million, a PE ratio of -2.06 and a beta of 1.37. Integra Resources has a 1-year low of $0.64 and a 1-year high of $1.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.48 and a quick ratio of 1.48.

Integra Resources (NYSEAMERICAN:ITRG) last released its earnings results on Tuesday, May 14th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). Sell-side analysts expect that Integra Resources will post -0.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Integra Resources

An institutional investor recently raised its position in Integra Resources stock. Equinox Partners Investment Management LLC lifted its stake in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,057,866 shares of the company’s stock after buying an additional 400,000 shares during the period. Integra Resources comprises approximately 5.3% of Equinox Partners Investment Management LLC’s investment portfolio, making the stock its 6th biggest position. Equinox Partners Investment Management LLC owned approximately 10.25% of Integra Resources worth $7,408,000 as of its most recent filing with the SEC. 26.67% of the stock is currently owned by institutional investors and hedge funds.

About Integra Resources

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.