U S Global Investors Inc. Purchases New Holdings in Integra Resources Corp. $ITRG

Key Points

• U S Global Investors Inc. acquired a new stake in Integra Resources Corp., purchasing 150,000 shares worth approximately $225,000 during the second quarter, bringing its total ownership to 0.09%.
• Several institutional investors, including Cambridge Investment Research and Goldman Sachs, have also recently increased their positions in Integra Resources, highlighting growing interest in the stock.
• Analysts have a consensus rating of "Buy" for Integra Resources, with a price target of $3.25, up from a current trading price of around $3.10.

U S Global Investors Inc. purchased a new stake in Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 150,000 shares of the company's stock, valued at approximately $225,000. U S Global Investors Inc. owned 0.09% of Integra Resources as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. acquired a new position in Integra Resources in the 1st quarter valued at about $30,000. Virtu Financial LLC purchased a new position in Integra Resources during the 1st quarter worth $34,000. Bank of America Corp DE raised its position in Integra Resources by 336.4% during the 4th quarter. Bank of America Corp DE now owns 46,697 shares of the company's stock worth $41,000 after buying an additional 35,997 shares during the last quarter. Millennium Management LLC purchased a new position in Integra Resources during the 4th quarter worth $39,000. Finally, Goldman Sachs Group Inc. raised its position in Integra Resources by 26.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 316,549 shares of the company's stock worth $393,000 after buying an additional 66,002 shares during the last quarter. Institutional investors and hedge funds own 26.67% of the company's stock.

Integra Resources Stock Performance

NYSEAMERICAN:ITRG opened at $3.10 on Friday. The company has a quick ratio of 1.24, a current ratio of 2.11 and a debt-to-equity ratio of 0.02. Integra Resources Corp. has a fifty-two week low of $0.79 and a fifty-two week high of $3.35. The stock has a market cap of $524.15 million, a PE ratio of 51.67 and a beta of 0.84. The firm's fifty day simple moving average is $2.43 and its 200-day simple moving average is $1.86.

Analyst Upgrades and Downgrades

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

Integra Resources 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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