Integra Resources Corp. $ITRG Shares Purchased by UBS Group AG

UBS Group AG increased its holdings in Integra Resources Corp. (NYSEAMERICAN:ITRG) by 316.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 608,482 shares of the company’s stock after acquiring an additional 462,205 shares during the period. UBS Group AG’s holdings in Integra Resources were worth $2,440,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brookstone Capital Management acquired a new position in shares of Integra Resources in the 4th quarter valued at $41,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Integra Resources during the 3rd quarter worth about $42,000. Pinion Investment Advisors LLC acquired a new stake in shares of Integra Resources during the 4th quarter worth about $55,000. Prime Capital Investment Advisors LLC purchased a new stake in Integra Resources in the 3rd quarter valued at about $58,000. Finally, Susquehanna International Group LLP acquired a new position in Integra Resources in the third quarter valued at about $60,000. Hedge funds and other institutional investors own 26.67% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on ITRG shares. Roth Mkm set a $7.00 target price on shares of Integra Resources in a research note on Tuesday, January 27th. HC Wainwright reduced their price target on shares of Integra Resources from $7.00 to $6.75 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Integra Resources currently has an average rating of “Buy” and an average target price of $7.67.

Integra Resources Trading Up 2.9%

ITRG opened at $2.48 on Wednesday. Integra Resources Corp. has a 52 week low of $1.41 and a 52 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. The business has a fifty day simple moving average of $2.81 and a 200-day simple moving average of $3.45. The firm has a market cap of $501.58 million, a P/E ratio of 62.02 and a beta of 0.82.

Integra Resources Profile

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.