Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday after an insider bought additional shares in the company. The stock has a 200-day moving average of $17.68 and traded as high as $31.00. Idaho Strategic Resources shares last traded at $29.44, with a volume of 691,880 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Roth Capital reiterated a "buy" rating on shares of Idaho Strategic Resources in a report on Monday, September 8th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Idaho Strategic Resources has a consensus rating of "Buy" and a consensus price target of $17.50.
Read Our Latest Stock Report on IDR
Idaho Strategic Resources Stock Performance
The firm has a market capitalization of $427.17 million, a price-to-earnings ratio of 45.29 and a beta of 0.76. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.11 and a quick ratio of 4.78. The firm's fifty day moving average is $24.31 and its 200 day moving average is $17.68.
Institutional Trading of Idaho Strategic Resources
Hedge funds have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Idaho Strategic Resources in the second quarter valued at approximately $39,000. AlphaQuest LLC raised its holdings in Idaho Strategic Resources by 6,301.6% in the 2nd quarter. AlphaQuest LLC now owns 3,969 shares of the company's stock valued at $52,000 after acquiring an additional 3,907 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Idaho Strategic Resources during the second quarter valued at approximately $78,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Idaho Strategic Resources during the 2nd quarter worth approximately $90,000. Finally, New York State Common Retirement Fund bought a new position in Idaho Strategic Resources in the 2nd quarter valued at approximately $98,000. Institutional investors and hedge funds own 8.70% of the company's stock.
About Idaho Strategic Resources
(
Get Free Report)
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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