Idaho Strategic Resources (NYSEAMERICAN:IDR) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Key Points

• Idaho Strategic Resources reported quarterly EPS of $0.23, missing the $0.24 consensus estimate by $0.01. Revenue was $10.73 million, below analysts’ expectations of $12.50 million.
• Shares fell $3.33 to $31.39 during Thursday’s trading session. The company posted a 43.33% net margin and 23.94% return on equity, with minimal leverage and strong liquidity.
• Zacks Research downgraded the stock from “strong buy” to “hold.” Analysts’ overall rating remains “Moderate Buy,” while institutional investors and hedge funds own 8.70% of the shares.

Idaho Strategic Resources (NYSEAMERICAN:IDR - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.01), FiscalAI reports. Idaho Strategic Resources had a net margin of 43.33% and a return on equity of 23.94%. The company had revenue of $10.73 million during the quarter, compared to analysts' expectations of $12.50 million.

Idaho Strategic Resources Price Performance

Shares of NYSEAMERICAN:IDR traded down $3.33 during midday trading on Thursday, hitting $31.39. The company had a trading volume of 299,234 shares, compared to its average volume of 317,166. Idaho Strategic Resources has a twelve month low of $22.31 and a twelve month high of $54.70. The stock has a market cap of $496.35 million, a price-to-earnings ratio of 22.20 and a beta of 1.23. The company has a debt-to-equity ratio of 0.01, a current ratio of 12.77 and a quick ratio of 12.48. The business's 50-day simple moving average is $32.15 and its 200-day simple moving average is $36.28.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Idaho Strategic Resources from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Idaho Strategic Resources has an average rating of "Moderate Buy".

Institutional Trading of Idaho Strategic Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC purchased a new stake in shares of Idaho Strategic Resources during the 4th quarter valued at approximately $200,000. Prelude Capital Management LLC acquired a new stake in Idaho Strategic Resources during the third quarter worth $215,000. Alliancebernstein L.P. acquired a new stake in shares of Idaho Strategic Resources during the 3rd quarter worth about $203,000. Virtu Financial LLC purchased a new stake in Idaho Strategic Resources in the 3rd quarter valued at about $237,000. Finally, Osaic Holdings Inc. lifted its position in Idaho Strategic Resources by 42.8% in the second quarter. Osaic Holdings Inc. now owns 8,604 shares of the company's stock valued at $113,000 after buying an additional 2,579 shares during the last quarter. 8.70% of the stock is owned by institutional investors and hedge funds.

Idaho Strategic Resources Company Profile

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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