Integra Resources (NYSEAMERICAN:ITRG) Earns "Buy" Rating from HC Wainwright

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 investment analysts at HC Wainwright in a report issued on Thursday,Benzinga reports. They currently have a $3.25 price target on the stock. HC Wainwright's target price indicates a potential upside of 77.11% from the stock's current price. HC Wainwright also issued estimates for Integra Resources' FY2025 earnings at $0.23 EPS.

Integra Resources Stock Down 4.4%

Shares of NYSEAMERICAN:ITRG traded down $0.0850 on Thursday, hitting $1.8350. 974,554 shares of the company traded hands, compared to its average volume of 900,778. Integra Resources has a 52 week low of $0.79 and a 52 week high of $1.95. The company has a current ratio of 2.11, a quick ratio of 1.24 and a debt-to-equity ratio of 0.02. The business has a 50 day moving average price of $1.57. The company has a market capitalization of $310.12 million, a P/E ratio of 30.58 and a beta of 0.73.

Institutional Investors Weigh In On Integra Resources

A number of large investors have recently made changes to their positions in ITRG. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Integra Resources during the 1st quarter valued at about $30,000. Virtu Financial LLC bought a new stake in shares of Integra Resources during the 1st quarter valued at about $34,000. Millennium Management LLC bought a new stake in shares of Integra Resources during the 4th quarter valued at about $39,000. Bank of America Corp DE grew its stake in shares of Integra Resources by 336.4% during the 4th quarter. Bank of America Corp DE now owns 46,697 shares of the company's stock valued at $41,000 after purchasing an additional 35,997 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Integra Resources during the 4th quarter valued at about $42,000. 26.67% of the stock is currently owned by institutional investors.

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.