Franklin Resources Inc. Acquires 4,366,962 Shares of Integra Resources Corp. (NYSEAMERICAN:ITRG)

Franklin Resources Inc. lifted its position in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) by 59.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,765,543 shares of the company's stock after buying an additional 4,366,962 shares during the period. Franklin Resources Inc. owned approximately 6.98% of Integra Resources worth $10,146,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ITRG. The Manufacturers Life Insurance Company purchased a new position in shares of Integra Resources in the 3rd quarter valued at $1,189,000. Equinox Partners Investment Management LLC boosted its position in shares of Integra Resources by 4.4% in the fourth quarter. Equinox Partners Investment Management LLC now owns 9,190,138 shares of the company's stock worth $7,922,000 after buying an additional 386,675 shares during the period. Sprott Inc. lifted its position in Integra Resources by 107.6% during the 4th quarter. Sprott Inc. now owns 1,411,459 shares of the company's stock worth $1,227,000 after acquiring an additional 731,624 shares in the last quarter. MMCAP International Inc. SPC acquired a new position in shares of Integra Resources during the fourth quarter worth $270,000. Finally, Ruffer LLP grew its stake in shares of Integra Resources by 89.9% during the fourth quarter. Ruffer LLP now owns 3,126,053 shares of the company's stock valued at $2,697,000 after acquiring an additional 1,480,000 shares in the last quarter. 26.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright upped their price objective on Integra Resources from $2.00 to $2.75 and gave the company a "buy" rating in a research note on Thursday, March 27th.

Integra Resources Stock Performance

Integra Resources stock traded up $0.04 during trading hours on Monday, hitting $1.59. The company had a trading volume of 511,097 shares, compared to its average volume of 284,956. The firm has a market cap of $267.18 million, a PE ratio of -4.80 and a beta of 1.37. Integra Resources Corp. has a fifty-two week low of $0.73 and a fifty-two week high of $1.64.

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.