FY2025 EPS Estimate for Integra Resources Raised by Analyst

Key Points

• Desjardins analysts have increased their FY2025 earnings estimate for Integra Resources to $0.21 per share, up from $0.17, while the consensus estimate currently stands at ($0.21) per share.
• HC Wainwright has reaffirmed a "buy" rating on Integra Resources with a price target set at $3.25, reflecting a consensus rating of "buy" among analysts.
• Integra Resources' stock price has decreased by 1.9%, trading around $3.11, with a market capitalization of approximately $525.59 million.

Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) - Research analysts at Desjardins upped their FY2025 earnings estimates for Integra Resources in a report released on Wednesday, October 1st. Desjardins analyst A. Carson now forecasts that the company will earn $0.21 per share for the year, up from their prior estimate of $0.17. The consensus estimate for Integra Resources' current full-year earnings is ($0.21) per share.

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 research analyst has rated the stock with a Buy rating, According to MarketBeat, Integra Resources has a consensus rating of "Buy" and an average target price of $3.25.

Integra Resources Stock Down 1.9%

ITRG opened at $3.11 on Friday. The company has a fifty day moving average of $2.23 and a two-hundred day moving average of $1.78. The stock has a market capitalization of $525.59 million, a price-to-earnings ratio of 51.83 and a beta of 0.84. Integra Resources has a fifty-two week low of $0.79 and a fifty-two week high of $3.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.24 and a current ratio of 2.11.

Hedge Funds Weigh In On Integra Resources

A number of institutional investors have recently added to or reduced their stakes in the stock. Rathbones Group PLC increased its position in Integra Resources by 33.9% during the second quarter. Rathbones Group PLC now owns 48,400 shares of the company's stock worth $73,000 after purchasing an additional 12,250 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Integra Resources by 48.7% during the 2nd quarter. Raymond James Financial Inc. now owns 50,751 shares of the company's stock worth $76,000 after buying an additional 16,611 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Integra Resources during the 1st quarter valued at approximately $30,000. Virtu Financial LLC purchased a new stake in shares of Integra Resources during the 1st quarter valued at approximately $34,000. Finally, Jane Street Group LLC acquired a new position in Integra Resources in the second quarter valued at approximately $48,000. Hedge funds and other institutional investors own 26.67% of the company's stock.

About Integra Resources

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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