Millennium Management LLC Buys 75,969 Shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR)

Millennium Management LLC increased its stake in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Free Report) by 169.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,768 shares of the company's stock after acquiring an additional 75,969 shares during the quarter. Millennium Management LLC owned approximately 0.88% of Idaho Strategic Resources worth $1,231,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Jefferies Financial Group Inc. bought a new stake in shares of Idaho Strategic Resources during the fourth quarter valued at approximately $186,000. BNP Paribas Financial Markets acquired a new position in Idaho Strategic Resources during the fourth quarter worth $150,000. 683 Capital Management LLC bought a new position in shares of Idaho Strategic Resources in the fourth quarter valued at $589,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Idaho Strategic Resources in the fourth quarter valued at $131,000. Finally, Northern Trust Corp grew its holdings in shares of Idaho Strategic Resources by 41.9% during the fourth quarter. Northern Trust Corp now owns 57,166 shares of the company's stock valued at $583,000 after buying an additional 16,872 shares during the last quarter. 8.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Roth Capital set a $17.50 target price on shares of Idaho Strategic Resources in a report on Thursday, April 3rd. Roth Mkm increased their price objective on Idaho Strategic Resources from $16.50 to $17.50 and gave the stock a "buy" rating in a research note on Thursday, April 3rd.

Insider Activity

In related news, Director Kevin G. Shiell sold 3,286 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of €12.62 ($14.51), for a total value of €41,469.32 ($47,665.89). Following the transaction, the director now owns 52,367 shares in the company, valued at approximately €660,871.54 ($759,622.46). This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 7,786 shares of company stock worth $100,814 over the last quarter. Insiders own 12.66% of the company's stock.

Idaho Strategic Resources Stock Down 0.7%

NYSEAMERICAN IDR traded down €0.10 ($0.11) on Friday, reaching €13.57 ($15.60). The company had a trading volume of 406,264 shares, compared to its average volume of 246,899. The company has a quick ratio of 5.15, a current ratio of 5.52 and a debt-to-equity ratio of 0.06. The company's fifty day moving average is €15.11 and its 200 day moving average is €13.50. Idaho Strategic Resources, Inc. has a 52-week low of €8.57 ($9.85) and a 52-week high of €19.75 ($22.70). The stock has a market capitalization of $185.37 million, a P/E ratio of 26.61 and a beta of 0.80.

About Idaho Strategic Resources

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.