Masters Capital Management LLC Purchases New Stake in Integra Resources Corp. $ITRG

Masters Capital Management LLC acquired a new position in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) during the 1st quarter, Holdings Channel.com reports. The firm acquired 1,000,000 shares of the company’s stock, valued at approximately $2,730,000.

Several other institutional investors have also recently added to or reduced their stakes in ITRG. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Integra Resources during the first quarter worth $124,000. Renaissance Technologies LLC lifted its position in shares of Integra Resources by 287.8% in the 1st quarter. Renaissance Technologies LLC now owns 2,096,899 shares of the company’s stock worth $5,725,000 after buying an additional 1,556,199 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Integra Resources by 44.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,502,772 shares of the company’s stock valued at $4,090,000 after buying an additional 460,011 shares during the period. Sei Investments Co. acquired a new position in shares of Integra Resources in the 1st quarter valued at about $698,000. Finally, Globeflex Capital L P bought a new stake in shares of Integra Resources during the 1st quarter valued at about $255,000. Institutional investors own 26.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. HC Wainwright reaffirmed a “buy” rating on shares of Integra Resources in a report on Friday, June 26th. Zacks Research lowered Integra Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th. Finally, Roth Capital restated a “buy” rating and set a $6.00 price objective on shares of Integra Resources in a research report on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.33.

Integra Resources Stock Performance

Shares of NYSEAMERICAN:ITRG opened at $2.16 on Monday. The company has a market cap of $438.03 million, a PE ratio of 54.01 and a beta of 0.85. The company’s 50-day moving average price is $2.39 and its 200 day moving average price is $3.07. Integra Resources Corp. has a fifty-two week low of $1.43 and a fifty-two week high of $4.87. The company has a quick ratio of 3.17, a current ratio of 4.96 and a debt-to-equity ratio of 0.10.

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.