Idaho Strategic Resources (NYSEAMERICAN:IDR) Announces Earnings Results, Misses Estimates By $0.03 EPS

Idaho Strategic Resources (NYSEAMERICAN:IDR) released its quarterly earnings results on Monday. The company reported €0.02 ($0.02) EPS for the quarter, missing analysts’ consensus estimates of €0.05 ($0.05) by (€0.03) (($0.03)), reports. Idaho Strategic Resources had a return on equity of 5.98% and a net margin of 8.49%. The business had revenue of €3.78 million for the quarter, compared to the consensus estimate of €3.70 million.

Idaho Strategic Resources Price Performance

IDR stock traded up €0.14 ($0.15) during mid-day trading on Thursday, hitting €8.50 ($9.24). The stock had a trading volume of 1,477 shares, compared to its average volume of 27,143. Idaho Strategic Resources has a 52 week low of €4.47 ($4.86) and a 52 week high of €9.05 ($9.84). The company has a quick ratio of 1.96, a current ratio of 2.57 and a debt-to-equity ratio of 0.07. The firm has a market cap of $106.76 million, a P/E ratio of 92.90 and a beta of 0.67.

Institutional Investors Weigh In On Idaho Strategic Resources

A number of institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp acquired a new position in Idaho Strategic Resources during the fourth quarter worth $191,000. Salem Investment Counselors Inc. acquired a new position in Idaho Strategic Resources during the fourth quarter worth $85,000. Renaissance Technologies LLC acquired a new position in Idaho Strategic Resources during the second quarter worth $57,000. BlackRock Inc. raised its holdings in Idaho Strategic Resources by 2.0% during the second quarter. BlackRock Inc. now owns 145,378 shares of the company’s stock worth $776,000 after buying an additional 2,865 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Idaho Strategic Resources by 15.2% during the second quarter. Geode Capital Management LLC now owns 81,581 shares of the company’s stock worth $436,000 after buying an additional 10,768 shares during the last quarter. 8.70% of the stock is owned by institutional investors.

Idaho Strategic Resources Company Profile

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.