Idaho Strategic Resources, Inc. $IDR Holdings Trimmed by JW Asset Management LLC

JW Asset Management LLC lessened its holdings in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) by 8.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 143,197 shares of the company’s stock after selling 13,500 shares during the quarter. Idaho Strategic Resources comprises about 1.9% of JW Asset Management LLC’s investment portfolio, making the stock its 8th largest position. JW Asset Management LLC’s holdings in Idaho Strategic Resources were worth $5,771,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Raymond James Financial Inc. lifted its position in shares of Idaho Strategic Resources by 1.3% in the second quarter. Raymond James Financial Inc. now owns 47,223 shares of the company’s stock worth $618,000 after purchasing an additional 608 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of Idaho Strategic Resources by 4,000.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,025 shares of the company’s stock valued at $45,000 after acquiring an additional 1,000 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Idaho Strategic Resources by 37.7% in the third quarter. Jones Financial Companies Lllp now owns 4,460 shares of the company’s stock valued at $150,000 after acquiring an additional 1,220 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Idaho Strategic Resources in the third quarter worth $47,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Idaho Strategic Resources in the third quarter worth $48,000. Hedge funds and other institutional investors own 8.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of 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 stock currently has an average rating of “Strong Buy”.

Idaho Strategic Resources Price Performance

Idaho Strategic Resources stock opened at $37.35 on Friday. The company has a market capitalization of $590.50 million, a PE ratio of 26.30 and a beta of 1.21. The business has a 50 day simple moving average of $38.10 and a 200 day simple moving average of $39.29. Idaho Strategic Resources, Inc. has a one year low of $12.30 and a one year high of $54.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 12.77 and a quick ratio of 12.48.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last announced its earnings results on Thursday, May 14th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). Idaho Strategic Resources had a return on equity of 23.94% and a net margin of 43.33%.The firm had revenue of $14.48 million for the quarter, compared to analyst estimates of $14.30 million. On average, sell-side analysts forecast that Idaho Strategic Resources, Inc. will post 1.52 EPS for the current fiscal year.

Idaho Strategic Resources 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.