Idaho Strategic Resources (NYSEAMERICAN:IDR) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Idaho Strategic Resources (NYSEAMERICAN:IDR) released its quarterly earnings data on Thursday. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03), FiscalAI reports. The business had revenue of $14.48 million for the quarter, compared to analyst estimates of $14.30 million. Idaho Strategic Resources had a return on equity of 23.69% and a net margin of 39.42%.

Idaho Strategic Resources Stock Performance

NYSEAMERICAN IDR traded down $6.62 during trading hours on Thursday, reaching $44.59. 358,565 shares of the company were exchanged, compared to its average volume of 213,264. The company has a quick ratio of 13.70, a current ratio of 13.96 and a debt-to-equity ratio of 0.01. The business’s 50 day simple moving average is $38.33 and its 200-day simple moving average is $39.12. Idaho Strategic Resources has a 1 year low of $12.25 and a 1 year high of $54.70. The stock has a market capitalization of $704.97 million, a P/E ratio of 39.11 and a beta of 1.21.

Institutional Trading of Idaho Strategic Resources

A number of large investors have recently bought and sold shares of the company. State Street Corp increased its position in Idaho Strategic Resources by 243.1% in the fourth quarter. State Street Corp now owns 890,401 shares of the company’s stock worth $35,883,000 after buying an additional 630,891 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Idaho Strategic Resources by 10.6% in the third quarter. Vanguard Group Inc. now owns 726,335 shares of the company’s stock worth $24,543,000 after purchasing an additional 69,639 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Idaho Strategic Resources by 5.9% in the fourth quarter. Van ECK Associates Corp now owns 492,621 shares of the company’s stock worth $19,853,000 after purchasing an additional 27,663 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Idaho Strategic Resources by 14.9% in the fourth quarter. Geode Capital Management LLC now owns 343,036 shares of the company’s stock worth $13,827,000 after purchasing an additional 44,568 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Idaho Strategic Resources by 39.3% in the fourth quarter. Invesco Ltd. now owns 220,534 shares of the company’s stock worth $8,888,000 after purchasing an additional 62,175 shares in the last quarter. 8.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Idaho Strategic Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Strong Buy”.

About Idaho Strategic Resources

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.