U S Global Investors Inc. Buys 2,401,982 Shares of Integra Resources Corp. $ITRG

Key Points

• U.S. Global Investors purchased 2.4 million Integra Resources shares worth approximately $6.17 million, giving it a 1.18% stake. Institutional investors collectively own 26.67% of the company.
• Integra Resources recently traded at $2.26, near the lower end of its 52-week range of $1.99 to $4.87. Its latest quarterly results missed expectations, with EPS of $0.06 versus $0.07 expected and revenue of $69.42 million versus $82.69 million forecast.
• Analyst sentiment remains positive, with three Buy ratings and one Hold rating. The stock has a “Moderate Buy” consensus rating and an average price target of $7.00.

U S Global Investors Inc. bought a new position in Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,401,982 shares of the company's stock, valued at approximately $6,173,000. U S Global Investors Inc. owned 1.18% of Integra Resources at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in Integra Resources during the fourth quarter valued at about $29,000. GTS Securities LLC bought a new position in shares of Integra Resources in the second quarter worth about $26,000. Tacita Capital Inc bought a new position in shares of Integra Resources in the second quarter worth about $31,000. Castleview Partners LLC increased its stake in shares of Integra Resources by 23.1% in the third quarter. Castleview Partners LLC now owns 32,000 shares of the company's stock worth $82,000 after purchasing an additional 6,000 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Integra Resources during the 1st quarter worth about $124,000. Institutional investors and hedge funds own 26.67% of the company's stock.

Integra Resources Stock Performance

NYSEAMERICAN:ITRG opened at $2.26 on Friday. The firm's 50-day moving average is $2.69 and its 200-day moving average is $2.59. The company has a market cap of $458.51 million, a price-to-earnings ratio of 56.51 and a beta of 0.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.42 and a current ratio of 5.31. Integra Resources Corp. has a 52-week low of $1.99 and a 52-week high of $4.87.

Integra Resources (NYSEAMERICAN:ITRG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Integra Resources had a net margin of 4.14% and a return on equity of 26.86%. The firm had revenue of $69.42 million for the quarter, compared to the consensus estimate of $82.69 million. Equities research analysts anticipate that Integra Resources Corp. will post 0.27 earnings per share for the current year.

Wall Street Analyst Weigh In

ITRG has been the subject of several research analyst reports. Roth Capital set a $5.00 price objective on Integra Resources in a research report on Monday, July 27th. HC Wainwright reaffirmed a "buy" rating and issued a $6.75 target price on shares of Integra Resources in a report on Wednesday, October 14th. Finally, Zacks Research raised Integra Resources from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 25th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Integra Resources currently has an average rating of "Moderate Buy" and an average target price of $7.00.

Integra Resources Company Profile

Integra Resources Corp. is a precious metals exploration and development company focused on gold and silver projects in the western United States. The company's activities include mineral exploration, resource evaluation, project permitting and the advancement of potential mining operations.

Integra's flagship asset is the DeLamar Project in southwestern Idaho, which includes the historic DeLamar and Florida Mountain mining areas. The district was previously mined for gold and silver, and Integra has worked to assess its remaining mineral resources and evaluate the potential for redevelopment using modern mining and processing methods.

The company has also pursued exploration and development opportunities in Nevada, including the Nevada North Project.

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