HC Wainwright Comments on Integra Resources FY2027 Earnings

Key Points

• HC Wainwright maintained a Buy rating on Integra Resources with a $6.50 price target and forecast FY2027 earnings of $0.25 per share, matching the current consensus estimate.
• Integra’s latest quarterly results fell short of expectations, with EPS of $0.06 versus $0.07 expected and revenue of $69.42 million compared with the $82.69 million consensus.
• The stock opened at $2.21 and has traded between $1.99 and $4.87 over the past year. Institutional investors own 26.67% of the company, while the analyst consensus remains “Moderate Buy” with a $6.92 target price.

Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) - HC Wainwright issued their FY2027 EPS estimates for shares of Integra Resources in a note issued to investors on Friday, October 23rd. HC Wainwright analyst H. Ihle expects that the company will post earnings of $0.25 per share for the year. HC Wainwright has a "Buy" rating and a $6.50 price target on the stock. The consensus estimate for Integra Resources' current full-year earnings is $0.25 per share.

Integra Resources (NYSEAMERICAN:ITRG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $69.42 million for the quarter, compared to analysts' expectations of $82.69 million. Integra Resources had a net margin of 4.14% and a return on equity of 26.86%.

A number of other equities research analysts have also recently commented on ITRG. Roth Capital set a $5.00 price target on shares of Integra Resources in a report on Monday, July 27th. Zacks Research raised shares of Integra Resources from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 25th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Integra Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.92.

Integra Resources Price Performance

Shares of Integra Resources stock opened at $2.21 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.42 and a current ratio of 5.31. The stock has a market capitalization of $448.36 million, a PE ratio of 55.26 and a beta of 0.86. Integra Resources has a 52-week low of $1.99 and a 52-week high of $4.87. The company has a 50-day simple moving average of $2.66 and a two-hundred day simple moving average of $2.91.

Institutional Trading of Integra Resources

Large investors have recently made changes to their positions in the stock. Castleview Partners LLC increased its position in shares of Integra Resources by 23.1% during the 3rd quarter. Castleview Partners LLC now owns 32,000 shares of the company's stock valued at $82,000 after purchasing an additional 6,000 shares during the last quarter. Engineers Gate Manager LP lifted its stake in shares of Integra Resources by 21.7% in the 2nd quarter. Engineers Gate Manager LP now owns 56,508 shares of the company's stock worth $128,000 after purchasing an additional 10,093 shares during the period. GTS Securities LLC purchased a new position in shares of Integra Resources in the second quarter worth approximately $26,000. Tacita Capital Inc purchased a new position in shares of Integra Resources in the second quarter worth approximately $31,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Integra Resources during the first quarter valued at approximately $124,000. 26.67% of the stock is currently owned by institutional investors.

About Integra Resources

Integra Resources Corp. is a precious metals exploration and development company focused on gold and silver projects in the western United States. The company's activities include mineral exploration, resource evaluation, project permitting and the advancement of potential mining operations.

Integra's flagship asset is the DeLamar Project in southwestern Idaho, which includes the historic DeLamar and Florida Mountain mining areas. The district was previously mined for gold and silver, and Integra has worked to assess its remaining mineral resources and evaluate the potential for redevelopment using modern mining and processing methods.

The company has also pursued exploration and development opportunities in Nevada, including the Nevada North Project.

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