Goldman Sachs Group Inc. Raises Stock Holdings in Idaho Strategic Resources, Inc. $IDR

Key Points

• Goldman Sachs Group Inc. increased its stake in Idaho Strategic Resources by 21.7%, owning approximately 0.37% of the company, valued at $746,000.
• Several institutional investors have also taken new positions in Idaho Strategic Resources, contributing to a total of 8.70% of the stock held by hedge funds and other institutional investors.
• Idaho Strategic Resources has a current market capitalization of $431.67 million and recently received a "buy" rating from Roth Capital, reflecting positive analyst sentiment.

Goldman Sachs Group Inc. grew its stake in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Free Report) by 21.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,099 shares of the company's stock after acquiring an additional 9,298 shares during the quarter. Goldman Sachs Group Inc. owned about 0.37% of Idaho Strategic Resources worth $746,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in IDR. BNP Paribas Financial Markets purchased a new position in Idaho Strategic Resources during the fourth quarter worth about $150,000. Citizens Financial Group Inc. RI purchased a new position in Idaho Strategic Resources during the first quarter worth about $165,000. Jefferies Financial Group Inc. purchased a new position in Idaho Strategic Resources during the fourth quarter worth about $186,000. Two Sigma Investments LP purchased a new position in Idaho Strategic Resources during the fourth quarter worth about $204,000. Finally, National Bank of Canada FI purchased a new position in Idaho Strategic Resources during the first quarter worth about $258,000. 8.70% of the stock is currently owned by hedge funds and other institutional investors.

Idaho Strategic Resources Stock Performance

Shares of NYSEAMERICAN:IDR opened at $29.75 on Wednesday. The firm has a market capitalization of $431.67 million, a PE ratio of 45.77 and a beta of 0.77. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.11 and a quick ratio of 4.78. The business has a 50-day moving average of $24.52 and a two-hundred day moving average of $17.80. Idaho Strategic Resources, Inc. has a 12 month low of $9.67 and a 12 month high of $32.01.

Insider Transactions at Idaho Strategic Resources

In other Idaho Strategic Resources news, VP Robert John Morgan sold 7,143 shares of the company's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $30.52, for a total transaction of $218,004.36. Following the completion of the sale, the vice president directly owned 33,796 shares in the company, valued at $1,031,453.92. This represents a 17.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kevin G. Shiell sold 6,500 shares of Idaho Strategic Resources stock in a transaction on Monday, August 11th. The shares were sold at an average price of $25.03, for a total transaction of $162,695.00. Following the transaction, the director owned 49,016 shares in the company, valued at $1,226,870.48. The trade was a 11.71% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 268,666 shares of company stock valued at $6,031,265. Insiders own 8.69% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Roth Capital reiterated a "buy" rating on shares of Idaho Strategic Resources in a research report on Monday, September 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Idaho Strategic Resources presently has an average rating of "Buy" and a consensus target price of $17.50.

Idaho Strategic Resources Company Profile

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.

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