Integra Resources (NYSEAMERICAN:ITRG) Given New $7.25 Price Target at HC Wainwright

Integra Resources (NYSEAMERICAN:ITRG) had its target price raised by HC Wainwright from $5.00 to $7.25 in a research report released on Wednesday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. Canaccord Genuity Group initiated coverage on Integra Resources in a report on Monday, January 12th. They issued a “moderate buy” rating and a $9.25 price objective on the stock. Roth Mkm set a $7.00 price target on shares of Integra Resources in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $7.83.

Integra Resources Stock Up 1.6%

Shares of NYSEAMERICAN ITRG opened at $4.51 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.58 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average is $3.99 and its two-hundred day moving average is $2.98. Integra Resources has a 52-week low of $1.01 and a 52-week high of $4.87. The firm has a market cap of $826.28 million, a price-to-earnings ratio of 50.12 and a beta of 0.75.

Hedge Funds Weigh In On Integra Resources

A number of institutional investors and hedge funds have recently made changes to their positions in ITRG. Bank of America Corp DE increased its stake in shares of Integra Resources by 336.4% during the fourth quarter. Bank of America Corp DE now owns 46,697 shares of the company’s stock worth $41,000 after buying an additional 35,997 shares during the period. Brookstone Capital Management acquired a new position in Integra Resources during the 4th quarter worth approximately $41,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Integra Resources in the 3rd quarter valued at approximately $42,000. Jane Street Group LLC acquired a new stake in shares of Integra Resources in the 2nd quarter valued at $48,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Integra Resources during the 2nd quarter worth $53,000. 26.67% of the stock is owned by institutional investors and hedge funds.

About Integra Resources

Integra Resources Corp. is a mineral exploration and development company focused on the acquisition, characterization and advancement of precious metals projects in North America. The company’s flagship asset is the DeLamar Gold-Silver Project in southwestern Idaho, a historic mining district that produced both gold and silver from the late 19th century through the mid-20th century. Integra’s business model emphasizes resource delineation, metallurgical optimization and progression through permitting and engineering phases toward potential production.

Since its incorporation in 2017, Integra Resources has undertaken multiple drilling campaigns and metallurgical studies aimed at upgrading and expanding the known mineral inventory at DeLamar.