Idaho Strategic Resources (NYSEAMERICAN:IDR) Posts Quarterly Earnings Results, Beats Estimates By $0.43 EPS

Key Points

• Idaho Strategic Resources beat expectations, reporting $0.63 EPS vs. a $0.20 consensus (a $0.43 beat) and revenue of $14.57 million versus $11.90 million, with a net margin of 27.82% and ROE of 18.60%.
• Despite the strong results the stock slid to $28.40 (down $0.83) and trades below its 50- and 200-day moving averages (~$39), with a P/E of 40.6 and a MarketBeat consensus target of $17.50.
• Insider and institutional activity: CEO John Swallow sold 20,000 shares at about $41.72 (a 3% reduction), insiders own 8.69% of the stock, and several hedge funds recently increased their positions.

Idaho Strategic Resources (NYSEAMERICAN:IDR - Get Free Report) announced its earnings results on Monday. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.43, reports. Idaho Strategic Resources had a net margin of 27.82% and a return on equity of 18.60%. The firm had revenue of $14.57 million for the quarter, compared to analyst estimates of $11.90 million.

Idaho Strategic Resources Stock Performance

NYSEAMERICAN:IDR traded down $0.83 during mid-day trading on Tuesday, hitting $28.40. 319,708 shares of the company traded hands, compared to its average volume of 425,851. The company has a quick ratio of 8.34, a current ratio of 8.55 and a debt-to-equity ratio of 0.02. The stock's fifty day moving average price is $39.11 and its 200-day moving average price is $37.99. The firm has a market cap of $442.76 million, a price-to-earnings ratio of 40.57 and a beta of 0.87. Idaho Strategic Resources has a one year low of $12.20 and a one year high of $54.70.

Insider Buying and Selling

In related news, CEO John Swallow sold 20,000 shares of Idaho Strategic Resources stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $41.72, for a total transaction of $834,400.00. Following the transaction, the chief executive officer owned 645,778 shares in the company, valued at approximately $26,941,858.16. The trade was a 3.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.69% of the company's stock.

Institutional Trading of Idaho Strategic Resources

Several hedge funds have recently bought and sold shares of IDR. NewEdge Advisors LLC grew its position in Idaho Strategic Resources by 108.8% in the first quarter. NewEdge Advisors LLC now owns 30,551 shares of the company's stock worth $437,000 after acquiring an additional 15,917 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Idaho Strategic Resources by 21.7% during the first quarter. Goldman Sachs Group Inc. now owns 52,099 shares of the company's stock valued at $746,000 after purchasing an additional 9,298 shares during the period. Geode Capital Management LLC lifted its stake in shares of Idaho Strategic Resources by 127.1% in the 2nd quarter. Geode Capital Management LLC now owns 285,573 shares of the company's stock valued at $3,736,000 after purchasing an additional 159,850 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Idaho Strategic Resources in the 2nd quarter valued at approximately $78,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Idaho Strategic Resources in the 2nd quarter worth approximately $98,000. Hedge funds and other institutional investors own 8.70% of the company's stock.

Analyst Ratings Changes

Separately, Roth Mkm reaffirmed a "buy" rating on shares of Idaho Strategic Resources in a report on Friday, December 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $17.50.

About Idaho Strategic Resources

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.

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