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) - Investment analysts at HC Wainwright boosted their FY2025 earnings per share (EPS) estimates for Integra Resources in a research note issued on Thursday, August 14th. HC Wainwright analyst H. Ihle now expects that the company will earn $0.23 per share for the year, up from their previous forecast of $0.21. HC Wainwright currently has a "Buy" rating and a $3.25 target price on the stock. The consensus estimate for Integra Resources' current full-year earnings is ($0.21) per share.

Integra Resources Trading Up 7.3%

ITRG stock traded up $0.13 during mid-day trading on Friday, reaching $1.92. 2,565,906 shares of the stock traded hands, compared to its average volume of 1,135,483. Integra Resources has a 52-week low of $0.79 and a 52-week high of $1.95. The stock has a fifty day moving average of $1.57. The stock has a market capitalization of $324.48 million, a P/E ratio of 32.00 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC acquired a new position in shares of Integra Resources during the 4th quarter worth $39,000. Jane Street Group LLC bought a new stake in Integra Resources in the fourth quarter worth $42,000. Citadel Advisors LLC increased its position in Integra Resources by 173.9% during the fourth quarter. Citadel Advisors LLC now owns 68,392 shares of the company's stock worth $59,000 after buying an additional 43,421 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Integra Resources during the first quarter valued at about $30,000. Finally, Renaissance Technologies LLC raised its holdings in Integra Resources by 30.4% during the fourth quarter. Renaissance Technologies LLC now owns 412,340 shares of the company's stock valued at $359,000 after buying an additional 96,060 shares in the last quarter. 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.