Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Stock Holdings Reduced by Navellier & Associates Inc.

Key Points

• Navellier & Associates Inc. reduced its holdings in Idaho Strategic Resources by 23.5%, dropping to approximately 99,266 shares valued at about $1.56 million.
• Several other institutional investors increased their stakes, with NewEdge Advisors LLC boosting its position by an impressive 1,435.6% during the 4th quarter.
• Analysts from Roth Capital set a target price of $17.50 on Idaho Strategic Resources, reflecting a growing confidence in the company following recent upgrades.

Navellier & Associates Inc. decreased its holdings in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Free Report) by 23.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,266 shares of the company's stock after selling 30,501 shares during the quarter. Navellier & Associates Inc. owned approximately 0.73% of Idaho Strategic Resources worth $1,555,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IDR. Schonfeld Strategic Advisors LLC acquired a new position in Idaho Strategic Resources during the 4th quarter worth $131,000. NewEdge Advisors LLC boosted its position in Idaho Strategic Resources by 1,435.6% during the 4th quarter. NewEdge Advisors LLC now owns 14,634 shares of the company's stock worth $149,000 after acquiring an additional 13,681 shares during the period. BNP Paribas Financial Markets acquired a new position in Idaho Strategic Resources during the 4th quarter worth $150,000. Dynamic Technology Lab Private Ltd acquired a new position in Idaho Strategic Resources during the 4th quarter worth $157,000. Finally, American Century Companies Inc. acquired a new position in Idaho Strategic Resources during the 4th quarter worth $169,000. Institutional investors and hedge funds own 8.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IDR. Roth Capital set a $17.50 price target on Idaho Strategic Resources in a research report on Thursday, April 3rd. Roth Mkm upped their price objective on Idaho Strategic Resources from $16.50 to $17.50 and gave the company a "buy" rating in a report on Thursday, April 3rd.

Insider Activity

In other news, Director Kevin G. Shiell sold 3,500 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of €13.37 ($15.73), for a total transaction of €46,795.00 ($55,052.94). Following the sale, the director directly owned 47,867 shares of the company's stock, valued at €639,981.79 ($752,919.75). The trade was a 6.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John Swallow sold 100,000 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of €15.27 ($17.96), for a total value of €1,527,000.00 ($1,796,470.59). Following the sale, the chief executive officer directly owned 830,248 shares in the company, valued at €12,677,886.96 ($14,915,161.13). This trade represents a 10.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,339 shares of company stock worth $1,924,664 over the last 90 days. 8.69% of the stock is currently owned by company insiders.

Idaho Strategic Resources Price Performance

Shares of Idaho Strategic Resources stock traded down €0.23 ($0.27) during trading on Friday, hitting €19.87 ($23.38). The stock had a trading volume of 280,800 shares, compared to its average volume of 302,015. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.37 and a quick ratio of 3.96. The firm has a market cap of $279.37 million, a P/E ratio of 32.05 and a beta of 0.80. The business has a fifty day moving average of €14.84 and a two-hundred day moving average of €13.72. Idaho Strategic Resources, Inc. has a fifty-two week low of €9.58 ($11.27) and a fifty-two week high of €21.96 ($25.84).

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.