Idaho Strategic Resources (NYSEAMERICAN:IDR) Trading Down 6% – Here’s What Happened

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) was down 6% on Friday . The company traded as low as $43.58 and last traded at $43.4940. Approximately 80,242 shares were traded during trading, a decline of 86% from the average daily volume of 576,677 shares. The stock had previously closed at $46.28.

Analyst Ratings Changes

Separately, Roth Capital restated a “buy” rating on shares of Idaho Strategic Resources in a research note on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $17.50.

Idaho Strategic Resources Price Performance

The stock has a market capitalization of $691.57 million, a price-to-earnings ratio of 63.37 and a beta of 0.97. 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 simple moving average of $40.79 and a two-hundred day simple moving average of $32.27.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its earnings results on Wednesday, November 12th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $11.08 million for the quarter, compared to analyst estimates of $9.40 million. Idaho Strategic Resources had a return on equity of 18.60% and a net margin of 27.82%. As a group, equities research analysts expect that Idaho Strategic Resources, Inc. will post 0.65 earnings per share for the current fiscal year.

Insider Activity at Idaho Strategic Resources

In other news, Director Richard Scott Beaven sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $34.64, for a total value 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. The trade was a 15.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Swallow sold 30,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $43.44, for a total transaction of $1,303,200.00. Following the sale, the chief executive officer owned 665,778 shares in the company, valued at $28,921,396.32. This represents a 4.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 52,000 shares of company stock valued at $2,206,880 over the last 90 days. Corporate insiders own 8.69% of the company’s stock.

Hedge Funds Weigh In On Idaho Strategic Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Euro Pacific Asset Management LLC bought a new stake in shares of Idaho Strategic Resources during the fourth quarter worth $32,782,035,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Idaho Strategic Resources during the 4th quarter valued at $263,000. SG Americas Securities LLC bought a new stake in Idaho Strategic Resources during the 4th quarter worth $116,000. Prelude Capital Management LLC bought a new stake in Idaho Strategic Resources during the 3rd quarter worth $215,000. Finally, Punch & Associates Investment Management Inc. increased its holdings in 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 worth $7,084,000 after purchasing an additional 27,098 shares in the last quarter. Institutional investors 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.