Medici Capital LLC Takes $184,000 Position in Integra Resources Corp. $ITRG

Key Points

• Medici Capital LLC has acquired a new stake in Integra Resources Corp., purchasing approximately 122,100 shares valued at $184,000, making it the firm's 22nd largest position.
• Multiple institutional investors, including Cambridge Investment Research and Virtu Financial, have recently increased their stakes in Integra Resources, which is currently owned 26.67% by hedge funds and other institutional investors.
• Analysts have a consensus rating of "Buy" on Integra Resources, with a price target of $3.25, following a restatement by HC Wainwright.

Medici Capital LLC purchased a new stake in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 122,100 shares of the company's stock, valued at approximately $184,000. Integra Resources accounts for about 0.2% of Medici Capital LLC's holdings, making the stock its 22nd largest position. Medici Capital LLC owned about 0.07% of Integra Resources at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Integra Resources during the first quarter valued at $30,000. Virtu Financial LLC purchased a new position in shares of Integra Resources during the first quarter valued at $34,000. Millennium Management LLC purchased a new position in shares of Integra Resources during the fourth quarter valued at $39,000. Bank of America Corp DE increased its stake in shares of Integra Resources by 336.4% during the fourth 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 position in shares of Integra Resources during the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 26.67% of the company's stock.

Analyst Upgrades and Downgrades

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

Integra Resources Price Performance

Shares of ITRG stock opened at $2.68 on Friday. Integra Resources Corp. has a 1-year low of $0.79 and a 1-year high of $2.75. The company's 50-day moving average is $1.84. The company has a market capitalization of $452.92 million, a P/E ratio of 44.67 and a beta of 0.82. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.24 and a current ratio of 2.11.

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.

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