1,735,193 Shares in Integra Resources Corp. $ITRG Purchased by BlackRock Inc.

Key Points

• BlackRock acquired 1,735,193 shares of Integra Resources in the second quarter, valued at approximately $3.94 million and representing a 0.86% stake. Institutional investors collectively own 26.67% of the company.
• Integra Resources reported quarterly revenue of $69.42 million and earnings of $0.06 per share, missing analyst expectations of $82.69 million in revenue and $0.07 per share.
• Analysts maintain a generally positive outlook, with three Buy ratings and one Hold rating. The stock has a “Moderate Buy” consensus rating and a consensus price target of $7.00, versus a recent price of $2.80.

BlackRock Inc. acquired a new position in Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,735,193 shares of the company's stock, valued at approximately $3,939,000. BlackRock Inc. owned 0.86% of Integra Resources at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. StoneX Group Inc. grew its position in Integra Resources by 39.4% in the 4th quarter. StoneX Group Inc. now owns 15,965 shares of the company's stock valued at $64,000 after acquiring an additional 4,515 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Integra Resources during the fourth quarter valued at $29,000. Jane Street Group LLC grew its holdings in shares of Integra Resources by 5.4% in the fourth quarter. Jane Street Group LLC now owns 171,694 shares of the company's stock worth $688,000 after purchasing an additional 8,724 shares during the last quarter. Independent Advisor Alliance purchased a new position in Integra Resources in the 4th quarter worth about $40,000. Finally, Hohimer Wealth Management LLC bought a new stake in Integra Resources during the 4th quarter valued at about $40,000. Institutional investors own 26.67% of the company's stock.

Integra Resources Price Performance

Shares of ITRG opened at $2.80 on Friday. The company has a 50 day moving average of $2.44 and a two-hundred day moving average of $2.78. The company has a quick ratio of 3.42, a current ratio of 5.31 and a debt-to-equity ratio of 0.08. Integra Resources Corp. has a twelve month low of $1.99 and a twelve month high of $4.87. The company has a market cap of $568.04 million, a price-to-earnings ratio of 70.02 and a beta of 0.91.

Integra Resources (NYSEAMERICAN:ITRG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). Integra Resources had a return on equity of 26.86% and a net margin of 4.14%.The business had revenue of $69.42 million for the quarter, compared to analysts' expectations of $82.69 million. As a group, analysts predict that Integra Resources Corp. will post 0.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ITRG has been the subject of several research analyst reports. HC Wainwright reaffirmed a "buy" rating and set a $6.75 price target on shares of Integra Resources in a research note on Wednesday, August 12th. Roth Capital set a $5.00 price objective on Integra Resources in a research note on Monday, July 27th. Finally, Zacks Research upgraded Integra Resources from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 25th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Integra Resources presently has an average rating of "Moderate Buy" and a consensus target price of $7.00.

About Integra Resources

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.

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