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 increased its stake in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) by 6.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,825,138 shares of the company's stock after buying an additional 635,000 shares during the quarter. Integra Resources comprises approximately 7.0% of Equinox Partners Investment Management LLC's investment portfolio, making the stock its 7th biggest holding. Equinox Partners Investment Management LLC owned 5.83% of Integra Resources worth $12,223,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Ruffer LLP grew its stake in shares of Integra Resources by 3.6% in the 1st quarter. Ruffer LLP now owns 3,238,353 shares of the company's stock valued at $4,029,000 after buying an additional 112,300 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Integra Resources by 121.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,699,327 shares of the company's stock valued at $2,332,000 after buying an additional 1,481,481 shares during the last quarter. Stifel Financial Corp purchased a new position in Integra Resources during the fourth quarter worth approximately $870,000. Mackenzie Financial Corp acquired a new stake in Integra Resources during the 4th quarter valued at $399,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Integra Resources in the 4th quarter worth about $122,000. Institutional investors and hedge funds own 26.67% of the company's stock.

Integra Resources Price Performance

ITRG traded up $0.02 on Tuesday, hitting $2.61. 1,176,832 shares of the stock were exchanged, compared to its average volume of 1,004,782. The firm has a market capitalization of $440.25 million, a price-to-earnings ratio of 43.25 and a beta of 0.81. The company has a quick ratio of 1.24, a current ratio of 2.11 and a debt-to-equity ratio of 0.02. Integra Resources Corp. has a 12 month low of $0.79 and a 12 month high of $2.65. The company has a 50-day moving average of $1.75.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a "buy" rating and set a $3.25 price objective on shares of Integra Resources in a report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Integra Resources has a consensus 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.