Desjardins Expects Increased Earnings for Integra Resources

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 upped their FY2025 earnings per share estimates for Integra Resources in a note issued to investors on Wednesday, August 13th. Desjardins analyst A. Carson now forecasts that the company will earn $0.17 per share for the year, up from their previous estimate 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 set a $3.25 price target on shares of Integra Resources in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $3.25.

Integra Resources Price Performance

NYSEAMERICAN ITRG traded up $0.05 during trading on Monday, reaching $1.97. 1,366,103 shares of the company's stock were exchanged, compared to its average volume of 1,164,590. The firm's 50 day simple moving average is $1.59. The firm has a market capitalization of $332.93 million, a PE ratio of 32.83 and a beta of 0.73. 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 has a fifty-two week low of $0.79 and a fifty-two week high of $1.97.

Hedge Funds Weigh In On Integra Resources

Institutional investors have recently bought and sold shares of the business. GMT Capital Corp acquired a new stake in Integra Resources during the fourth quarter worth approximately $13,566,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Integra Resources during the second quarter worth approximately $7,106,000. The Manufacturers Life Insurance Company lifted its position in Integra Resources by 121.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,699,327 shares of the company's stock worth $2,332,000 after acquiring an additional 1,481,481 shares during the last quarter. Bank of America Corp DE lifted its position in Integra Resources by 88.2% during the second quarter. Bank of America Corp DE now owns 2,365,705 shares of the company's stock worth $3,549,000 after acquiring an additional 1,108,570 shares during the last quarter. Finally, Stifel Financial Corp acquired a new stake in Integra Resources during the fourth quarter worth approximately $870,000. Institutional investors and hedge funds 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.