Integra Resources Corp. $ITRG Shares Sold by GMT Capital Corp

Key Points

• GMT Capital Corp has reduced its stake in Integra Resources Corp. by 11.7%, now holding approximately 13.9 million shares, which is valued at $17.27 million.
• Integra Resources has a current market capitalization of $387.01 million and a price-to-earnings ratio of 38.17, with shares recently opening at $2.29.
• Analysts have a favorable outlook on Integra Resources, with HC Wainwright setting a buy rating and a price target of $3.25 per share.

GMT Capital Corp lowered its stake in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) by 11.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,886,807 shares of the company's stock after selling 1,847,931 shares during the period. Integra Resources accounts for about 0.9% of GMT Capital Corp's investment portfolio, making the stock its 23rd biggest holding. GMT Capital Corp owned approximately 8.24% of Integra Resources worth $17,271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Virtu Financial LLC purchased a new stake in Integra Resources during the first quarter worth $34,000. Ruffer LLP lifted its holdings in Integra Resources by 3.6% during the first quarter. Ruffer LLP now owns 3,238,353 shares of the company's stock worth $4,029,000 after buying an additional 112,300 shares during the period. XTX Topco Ltd purchased a new stake in Integra Resources during the first quarter worth $96,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Integra Resources during the first quarter worth $30,000. Finally, Mackenzie Financial Corp purchased a new stake in Integra Resources during the fourth quarter worth $399,000. Hedge funds and other institutional investors own 26.67% of the company's stock.

Integra Resources Price Performance

Shares of ITRG stock traded down $0.05 during trading on Wednesday, hitting $2.41. 3,277,444 shares of the stock traded hands, compared to its average volume of 978,128. The company has a market capitalization of $407.29 million, a price-to-earnings ratio of 40.17 and a beta of 0.82. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.11 and a quick ratio of 1.24. The firm's fifty day moving average price is $1.67. Integra Resources Corp. has a 52-week low of $0.79 and a 52-week high of $2.55.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated 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, the company has a consensus rating of "Buy" and a consensus price target of $3.25.

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.