Desjardins Predicts Integra Resources FY2025 Earnings

Key Points

• Analyst Upgrade: Desjardins raised Integra Resources' FY2025 EPS estimate from $0.08 to $0.17, while also forecasting a FY2026 EPS of $0.34.
• Stock Performance: Integra Resources' stock increased by 6.5%, currently priced at $1.79, with a market capitalization of $302.51 million.
• Institutional Interest: Significant stake increases by institutional investors, including Rathbones Group and Raymond James Financial, which suggests growing confidence in the company's prospects.

Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) - Equities research analysts at Desjardins lifted their FY2025 earnings per share (EPS) estimates for shares of Integra Resources in a research note issued to investors on Wednesday, August 13th. Desjardins analyst A. Carson now expects that the company will earn $0.17 per share for the year, up from their previous forecast of $0.08. The consensus estimate for Integra Resources' current full-year earnings is ($0.21) per share. Desjardins also issued estimates for Integra Resources' FY2026 earnings at $0.34 EPS.

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

Integra Resources Stock Performance

Shares of ITRG traded down $0.08 during mid-day trading on Monday, hitting $1.84. 1,451,029 shares of the stock were exchanged, compared to its average volume of 1,196,616. The stock has a 50-day simple moving average of $1.57. Integra Resources has a 52-week low of $0.79 and a 52-week high of $1.95. The stock has a market cap of $310.96 million, a P/E ratio of 30.67 and a beta of 0.73. The company has a current ratio of 2.11, a quick ratio of 1.24 and a debt-to-equity ratio of 0.02.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. GMT Capital Corp acquired a new stake in Integra Resources during the 4th quarter worth approximately $13,566,000. Franklin Resources Inc. increased its holdings in Integra Resources by 0.8% in the second quarter. Franklin Resources Inc. now owns 11,865,543 shares of the company's stock valued at $17,945,000 after buying an additional 100,000 shares during the last quarter. Equinox Partners Investment Management LLC grew its holdings in shares of Integra Resources by 6.9% during the first quarter. Equinox Partners Investment Management LLC now owns 9,825,138 shares of the company's stock valued at $12,223,000 after purchasing an additional 635,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Integra Resources during the second quarter worth approximately $7,106,000. Finally, 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 valued at $4,029,000 after buying an additional 112,300 shares in the last quarter. Hedge funds and other institutional investors own 26.67% of the company's stock.

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.