Sprott Inc. Sells 910,411 Shares of Integra Resources Corp. $ITRG

Key Points

• Sprott Inc. has reduced its holdings in Integra Resources Corp. by 64.5%, owning 501,048 shares after selling 910,411 shares during the first quarter.
• Other institutional investors like Ruffer LLP and The Manufacturers Life Insurance Company have increased their positions in Integra Resources, indicating ongoing interest from hedge funds.
• HC Wainwright has maintained a "buy" rating on Integra Resources with a target price set at $3.25, while the current stock price is around $1.92.

Sprott Inc. decreased its holdings in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) by 64.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 501,048 shares of the company's stock after selling 910,411 shares during the quarter. Sprott Inc. owned about 0.30% of Integra Resources worth $622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Virtu Financial LLC bought a new position in shares of Integra Resources in the first quarter worth $34,000. Ruffer LLP increased its holdings in shares of Integra Resources by 3.6% in the first quarter. Ruffer LLP now owns 3,238,353 shares of the company's stock worth $4,029,000 after purchasing an additional 112,300 shares during the period. XTX Topco Ltd bought a new position in shares of Integra Resources in the first quarter worth $96,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Integra Resources in the first quarter worth $30,000. Finally, Mackenzie Financial Corp bought a new position in shares of Integra Resources in the fourth quarter worth $399,000. Institutional investors own 26.67% of the company's stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a "buy" rating and issued a $3.25 price target on shares of Integra Resources in a report on Thursday, August 14th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $3.25.

Integra Resources Price Performance

ITRG traded down $0.05 on Wednesday, hitting $2.08. The company had a trading volume of 1,157,581 shares, compared to its average volume of 931,968. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.11 and a quick ratio of 1.24. Integra Resources Corp. has a 52-week low of $0.79 and a 52-week high of $2.14. The business has a fifty day simple moving average of $1.60. The firm has a market cap of $351.86 million, a price-to-earnings ratio of 34.58 and a beta of 0.73.

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.