HC Wainwright Reaffirms "Buy" Rating for Integra Resources (NYSEAMERICAN:ITRG)

Key Points

• HC Wainwright has reaffirmed a "buy" rating for Integra Resources (ITRG), with a price target of $3.25, indicating a potential upside of 94.61% from its previous closing price.
• Integra Resources currently has a market cap of $282.23 million and has seen a recent increase in institutional investments, with 26.67% of its stock owned by institutional investors.
• The company's exploration focus includes the DeLamar Project in Idaho as well as projects in Nevada, targeting precious metals such as gold and silver.

Integra Resources (NYSEAMERICAN:ITRG - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at HC Wainwright in a report released on Thursday,Benzinga reports. They currently have a $3.25 price target on the stock. HC Wainwright's price target suggests a potential upside of 94.61% from the company's previous close.

Integra Resources Price Performance

Shares of NYSEAMERICAN ITRG opened at $1.67 on Thursday. Integra Resources has a 52-week low of $0.79 and a 52-week high of $1.95. The company's fifty day moving average is $1.56. The stock has a market cap of $282.23 million, a PE ratio of -23.85 and a beta of 0.73.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. lifted its position in shares of Integra Resources by 0.8% in the 2nd quarter. Franklin Resources Inc. now owns 11,865,543 shares of the company's stock valued at $17,945,000 after acquiring an additional 100,000 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Integra Resources in the 2nd quarter valued at approximately $53,000. Rathbones Group PLC increased its stake in Integra Resources by 33.9% in the 2nd quarter. Rathbones Group PLC now owns 48,400 shares of the company's stock valued at $73,000 after buying an additional 12,250 shares during the period. U S Global Investors Inc. acquired a new position in Integra Resources in the 2nd quarter valued at approximately $225,000. Finally, Medici Capital LLC acquired a new position in shares of Integra Resources during the 2nd quarter worth $184,000. 26.67% of the stock is currently owned by institutional investors.

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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