Equinox Partners Investment Management LLC Has $12.22 Million Stock Position in Integra Resources Corp. $ITRG

Key Points

• Equinox Partners Investment Management LLC increased its stake in Integra Resources Corp. by 6.9%, owning a total of 9,825,138 shares after acquiring an additional 635,000 shares during the first quarter.
• Integra Resources has a market cap of $407.29 million and its stock is rated as a "buy" with a target price of $3.25 according to HC Wainwright.
• Over 26% of Integra Resources' stock is owned by institutional investors, indicating strong interest from the investment community.

Equinox Partners Investment Management LLC grew its position in Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) by 6.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,825,138 shares of the company's stock after purchasing an additional 635,000 shares during the period. Integra Resources makes up approximately 7.0% of Equinox Partners Investment Management LLC's holdings, making the stock its 7th largest holding. Equinox Partners Investment Management LLC owned approximately 5.83% of Integra Resources worth $12,223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Integra Resources in the 1st quarter valued at about $30,000. Virtu Financial LLC purchased a new stake in shares of Integra Resources during the 1st quarter valued at about $34,000. Millennium Management LLC purchased a new stake in shares of Integra Resources during the 4th quarter valued at about $39,000. Bank of America Corp DE raised its holdings in shares of 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 buying an additional 35,997 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Integra Resources during the 4th quarter valued at about $42,000. 26.67% of the stock is owned by institutional investors and hedge funds.

Integra Resources Trading Up 1.2%

NYSEAMERICAN ITRG traded up $0.03 on Monday, reaching $2.59. The stock had a trading volume of 2,368,190 shares, compared to its average volume of 1,003,989. The firm has a 50 day simple moving average of $1.73. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.11 and a quick ratio of 1.24. Integra Resources Corp. has a 1 year low of $0.79 and a 1 year high of $2.65. The company has a market capitalization of $437.71 million, a P/E ratio of 43.17 and a beta of 0.81.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a "buy" rating and set a $3.25 target price on shares of Integra Resources in a report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Integra Resources currently has an average rating of "Buy" and a consensus price target of $3.25.

Integra Resources 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.