Integra Resources FY2025 EPS Increased by HC Wainwright

Key Points

• HC Wainwright raised their FY2025 earnings estimates for Integra Resources, projecting earnings per share of $0.23, up from $0.21, and reaffirming a "Buy" rating with a price target of $3.25.
• Shares of Integra Resources recently traded up 3.9% to $1.75, with a market capitalization of approximately $295 million.
• Institutional investors have increased their holdings in Integra Resources, with notable purchases including Renaissance Technologies, which grew its position by 30.4% in Q4.

Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) - Stock analysts at HC Wainwright boosted their FY2025 EPS estimates for shares of Integra Resources in a research report issued on Thursday, August 14th. HC Wainwright analyst H. Ihle now expects that the company will post earnings of $0.23 per share for the year, up from their previous estimate of $0.21. HC Wainwright currently has a "Buy" rating and a $3.25 price objective on the stock. The consensus estimate for Integra Resources' current full-year earnings is ($0.21) per share.

Integra Resources Trading Up 1.6%

Shares of ITRG stock traded up $0.03 on Friday, hitting $1.87. The stock had a trading volume of 981,820 shares, compared to its average volume of 903,845. The firm has a market cap of $316.03 million, a price-to-earnings ratio of 31.17 and a beta of 0.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.24 and a current ratio of 2.11. Integra Resources has a twelve month low of $0.79 and a twelve month high of $1.95. The company has a fifty day simple moving average of $1.57.

Hedge Funds Weigh In On Integra Resources

A number of large investors have recently modified their holdings of the business. Man Group plc acquired a new position in shares of Integra Resources during the 2nd quarter worth about $149,000. Bank of America Corp DE raised its holdings in Integra Resources by 88.2% in the 2nd quarter. Bank of America Corp DE now owns 2,365,705 shares of the company's stock valued at $3,549,000 after acquiring an additional 1,108,570 shares during the period. Jane Street Group LLC bought a new position in Integra Resources in the 2nd quarter valued at about $48,000. Raymond James Financial Inc. raised its holdings in Integra Resources by 48.7% in the 2nd quarter. Raymond James Financial Inc. now owns 50,751 shares of the company's stock valued at $76,000 after acquiring an additional 16,611 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Integra Resources during the second quarter worth approximately $7,106,000. 26.67% of the stock is currently owned by institutional investors and hedge funds.

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.