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Integra Resources (NYSEMKT:ITRG) Shares Down 1.3%

Financial News Live ·  Mar 30, 2023 01:14

Integra Resources Corp. (NYSEMKT:ITRG – Get Rating)'s stock price fell 1.3% during trading on Wednesday . The company traded as low as $0.49 and last traded at $0.50. 56,222 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 122,039 shares. The stock had previously closed at $0.51.

Analyst Ratings Changes

A number of research firms recently commented on ITRG. HC Wainwright reiterated a "buy" rating and issued a $4.00 target price on shares of Integra Resources in a research report on Wednesday, March 1st. National Bank Financial boosted their price objective on Integra Resources from C$1.00 to C$1.05 in a research note on Friday, January 13th.

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Integra Resources Stock Down 1.3 %

The company has a 50 day simple moving average of $0.60 and a two-hundred day simple moving average of $0.61. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $39.90 million, a P/E ratio of -1.72 and a beta of 1.42.

Institutional Investors Weigh In On Integra Resources

Several large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its stake in shares of Integra Resources by 362.5% during the first quarter. Renaissance Technologies LLC now owns 432,900 shares of the company's stock valued at $619,000 after buying an additional 339,300 shares during the last quarter. U S Global Investors Inc. bought a new position in shares of Integra Resources during the third quarter valued at approximately $119,000. Millennium Management LLC grew its stake in shares of Integra Resources by 162.1% during the fourth quarter. Millennium Management LLC now owns 83,801 shares of the company's stock valued at $53,000 after buying an additional 51,830 shares during the last quarter. Vontobel Holding Ltd. grew its stake in shares of Integra Resources by 96.1% during the third quarter. Vontobel Holding Ltd. now owns 60,000 shares of the company's stock valued at $33,000 after buying an additional 29,400 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Integra Resources during the first quarter valued at approximately $55,000. 40.83% of the stock is owned by institutional investors.

Integra Resources Company Profile

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Integra Resources Corp., a mineral resources company, engages in the acquisition, exploration, and development of mineral properties in the Americas. It primarily focuses on the development of DeLamar project that consists of DeLamar and Florida Mountain gold and silver deposits comprising 790 unpatented lode, placer, and millsite claims, as well as 16 tax parcels covering an area of approximately 8,673 hectares located in the Owyhee County, south western Idaho.

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