Thames Capital Management LLC Makes New Investment in Idaho Strategic Resources, Inc. $IDR

Thames Capital Management LLC purchased a new stake in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 127,632 shares of the company’s stock, valued at approximately $4,313,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in shares of Idaho Strategic Resources by 127.1% during the second quarter. Geode Capital Management LLC now owns 285,573 shares of the company’s stock worth $3,736,000 after purchasing an additional 159,850 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Idaho Strategic Resources by 21.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 52,099 shares of the company’s stock worth $746,000 after acquiring an additional 9,298 shares during the period. Salem Investment Counselors Inc. lifted its stake in shares of Idaho Strategic Resources by 6.5% in the 3rd quarter. Salem Investment Counselors Inc. now owns 47,455 shares of the company’s stock worth $1,604,000 after acquiring an additional 2,900 shares during the period. Raymond James Financial Inc. lifted its position in Idaho Strategic Resources by 1.3% in the second quarter. Raymond James Financial Inc. now owns 47,223 shares of the company’s stock valued at $618,000 after purchasing an additional 608 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in Idaho Strategic Resources by 108.8% in the 1st quarter. NewEdge Advisors LLC now owns 30,551 shares of the company’s stock valued at $437,000 after purchasing an additional 15,917 shares in the last quarter. 8.70% of the stock is currently owned by hedge funds and other institutional investors.

Idaho Strategic Resources Trading Up 1.8%

NYSEAMERICAN:IDR opened at $46.28 on Friday. The company has a market capitalization of $721.51 million, a PE ratio of 66.12 and a beta of 0.97. Idaho Strategic Resources, Inc. has a 52-week low of $10.45 and a 52-week high of $54.70. The stock has a fifty day simple moving average of $40.53 and a 200-day simple moving average of $31.92. The company has a quick ratio of 8.34, a current ratio of 8.55 and a debt-to-equity ratio of 0.02.

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

Analyst Ratings Changes

Separately, Roth Capital reaffirmed a “buy” rating on shares of Idaho Strategic Resources in a report on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Idaho Strategic Resources currently has a consensus rating of “Buy” and an average target price of $17.50.

Insider Buying and Selling at Idaho Strategic Resources

In other Idaho Strategic Resources news, CEO John Swallow sold 30,000 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $43.44, for a total value of $1,303,200.00. Following the completion of the transaction, the chief executive officer directly owned 665,778 shares in the company, valued at approximately $28,921,396.32. The trade was a 4.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard Scott Beaven sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $34.64, for a total value of $69,280.00. Following the sale, the director owned 11,183 shares in the company, valued at $387,379.12. This trade represents a 15.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,000 shares of company stock valued at $2,206,880 in the last three months. 8.69% of the stock is currently owned by company insiders.

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.