Cormark Raises Earnings Estimates for Integra Resources

Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) - Analysts at Cormark lifted their FY2027 earnings per share estimates for Integra Resources in a research report issued to clients and investors on Thursday, June 26th. Cormark analyst R. Gray now expects that the company will earn $0.33 per share for the year, up from their prior estimate of $0.24. The consensus estimate for Integra Resources' current full-year earnings is ($0.21) per share.

Separately, HC Wainwright reaffirmed a "buy" rating and set a $2.75 target price on shares of Integra Resources in a research report on Wednesday, April 23rd.

Integra Resources Stock Up 2.8%

Shares of ITRG stock traded up $0.04 on Monday, reaching $1.49. 403,919 shares of the company's stock were exchanged, compared to its average volume of 535,315. The company has a market cap of $251.81 million, a PE ratio of -21.28 and a beta of 0.79. Integra Resources has a 52 week low of $0.79 and a 52 week high of $1.95. The business has a fifty day moving average of $1.65.

Institutional Investors Weigh In On Integra Resources

Hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Integra Resources in the 1st quarter worth approximately $30,000. Virtu Financial LLC purchased a new stake in Integra Resources during the first quarter worth $34,000. Rathbones Group PLC purchased a new stake in Integra Resources during the fourth quarter worth $28,000. Bank of America Corp DE boosted its position in Integra Resources by 336.4% during the 4th quarter. Bank of America Corp DE now owns 46,697 shares of the company's stock valued at $41,000 after acquiring an additional 35,997 shares in the last quarter. Finally, Citadel Advisors LLC increased its holdings in shares of Integra Resources by 173.9% in the 4th quarter. Citadel Advisors LLC now owns 68,392 shares of the company's stock valued at $59,000 after acquiring an additional 43,421 shares during the period. 26.67% of the stock is currently owned by hedge funds and other institutional investors.

Integra Resources Company Profile

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.