Idaho Strategic Resources (NYSEAMERICAN:IDR) Trading Down 6.4% Following Insider Selling

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR)’s share price fell 6.4% on Tuesday after an insider sold shares in the company. The stock traded as low as $33.19 and last traded at $33.40. 270,133 shares changed hands during trading, a decline of 34% from the average session volume of 412,278 shares. The stock had previously closed at $35.68.

Specifically, Director Richard Scott Beaven sold 2,000 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $34.64, for a total transaction of $69,280.00. Following the completion of the transaction, the director directly owned 11,183 shares in the company, valued at approximately $387,379.12. This trade represents a 15.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analysts Set New Price Targets

Separately, Roth Capital restated a “buy” rating on shares of Idaho Strategic Resources in a research note on Monday, September 8th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Idaho Strategic Resources presently has an average rating of “Buy” and a consensus target price of $17.50.

Idaho Strategic Resources Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 8.34 and a current ratio of 8.55. The company has a fifty day moving average price of $34.78 and a two-hundred day moving average price of $23.97. The company has a market cap of $497.01 million, a P/E ratio of 45.54 and a beta of 0.72.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $11.08 million during the quarter, compared to analysts’ expectations of $9.40 million. Idaho Strategic Resources had a return on equity of 18.60% and a net margin of 27.82%. On average, sell-side analysts anticipate that Idaho Strategic Resources, Inc. will post 0.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Idaho Strategic Resources

Several large investors have recently made changes to their positions in the stock. Prelude Capital Management LLC bought a new position in shares of Idaho Strategic Resources in the third quarter valued at $215,000. Punch & Associates Investment Management Inc. raised its holdings in shares of Idaho Strategic Resources by 14.8% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 209,655 shares of the company’s stock valued at $7,084,000 after purchasing an additional 27,098 shares during the period. Millennium Management LLC grew its holdings in Idaho Strategic Resources by 229.2% during the third quarter. Millennium Management LLC now owns 41,864 shares of the company’s stock worth $1,415,000 after purchasing an additional 29,146 shares during the period. Jain Global LLC acquired a new position in Idaho Strategic Resources during the third quarter worth approximately $748,000. Finally, Brevan Howard Capital Management LP bought a new stake in Idaho Strategic Resources in the third quarter valued at approximately $5,616,000. Institutional investors and hedge funds own 8.70% of the company’s stock.

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.