Idaho Strategic Resources, Inc. $IDR Shares Sold by Navellier & Associates Inc.

Key Points

• Navellier & Associates trimmed its position by 26.9%, selling 39,251 shares in Q4 and now holds 106,752 shares of Idaho Strategic Resources (about 0.68% of the company) valued at $4.302 million per its SEC filing.
• Zacks Research upgraded IDR to a "Strong Buy", and MarketBeat lists the stock's average analyst rating as "Strong Buy" (one Strong Buy, one Buy).
• IDR opened at $43.91 (up 2.8%), with a market cap of roughly $694.2 million, a PE ratio of 38.52, and a 12‑month trading range of $12.20 to $54.70.

Navellier & Associates Inc. trimmed its position in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Free Report) by 26.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,752 shares of the company's stock after selling 39,251 shares during the period. Navellier & Associates Inc. owned approximately 0.68% of Idaho Strategic Resources worth $4,302,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Sound Income Strategies LLC raised its stake in Idaho Strategic Resources by 4,000.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,025 shares of the company's stock valued at $45,000 after purchasing an additional 1,000 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in shares of Idaho Strategic Resources in the third quarter worth $47,000. Russell Investments Group Ltd. acquired a new position in shares of Idaho Strategic Resources in the third quarter worth $48,000. Caitlin John LLC acquired a new position in Idaho Strategic Resources during the third quarter worth $53,000. Finally, Global Retirement Partners LLC increased its position in Idaho Strategic Resources by 295.7% during the third quarter. Global Retirement Partners LLC now owns 1,919 shares of the company's stock worth $65,000 after buying an additional 1,434 shares during the last quarter. Institutional investors and hedge funds own 8.70% of the company's stock.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Idaho Strategic Resources from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Strong Buy".

Idaho Strategic Resources Stock Up 2.8%

NYSEAMERICAN IDR opened at $43.91 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.70 and a current ratio of 13.96. The firm has a 50-day simple moving average of $37.21 and a 200 day simple moving average of $38.57. Idaho Strategic Resources, Inc. has a twelve month low of $12.20 and a twelve month high of $54.70. The stock has a market cap of $694.22 million, a PE ratio of 38.52 and a beta of 1.21.

Idaho Strategic Resources 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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