The Manufacturers Life Insurance Company Has $2.33 Million Stock Holdings in Integra Resources Corp. (NYSEAMERICAN:ITRG)

The Manufacturers Life Insurance Company boosted its holdings in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) by 121.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,699,327 shares of the company's stock after purchasing an additional 1,481,481 shares during the period. The Manufacturers Life Insurance Company owned about 1.60% of Integra Resources worth $2,332,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ITRG. Credit Industriel ET Commercial acquired a new stake in Integra Resources during the 4th quarter worth $352,000. GMT Capital Corp bought a new position in shares of Integra Resources during the fourth quarter worth $13,566,000. Susquehanna Advisors Group Inc. bought a new position in shares of Integra Resources during the fourth quarter worth $56,000. Stifel Financial Corp bought a new position in shares of Integra Resources during the fourth quarter worth $870,000. Finally, Renaissance Technologies LLC boosted its position in shares of Integra Resources by 30.4% during the fourth quarter. Renaissance Technologies LLC now owns 412,340 shares of the company's stock worth $359,000 after purchasing an additional 96,060 shares in the last quarter. Institutional investors own 26.67% of the company's stock.

Integra Resources Trading Down 2.4%

Shares of ITRG stock traded down $0.04 during trading hours on Friday, hitting $1.45. 453,921 shares of the company's stock traded hands, compared to its average volume of 401,165. The firm has a 50 day moving average price of $1.47. The stock has a market cap of $243.58 million, a PE ratio of -4.38 and a beta of 1.37. Integra Resources Corp. has a 12 month low of $0.75 and a 12 month high of $1.95.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a "buy" rating and issued a $2.75 price target on shares of Integra Resources in a research note on Wednesday, April 23rd.

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.