Integra Resources' (ITRG) Buy Rating Reaffirmed at HC Wainwright

Integra Resources (NYSEAMERICAN:ITRG - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at HC Wainwright in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $2.75 target price on the stock. HC Wainwright's price objective would suggest a potential upside of 56.70% from the stock's current price. HC Wainwright also issued estimates for Integra Resources' FY2025 earnings at $0.13 EPS and FY2026 earnings at $0.31 EPS.

Integra Resources Stock Up 1.4 %

Shares of ITRG traded up $0.03 during trading hours on Wednesday, hitting $1.76. 437,665 shares of the stock traded hands, compared to its average volume of 332,157. Integra Resources has a 1-year low of $0.73 and a 1-year high of $1.88. The firm has a market capitalization of $295.84 million, a PE ratio of -5.32 and a beta of 1.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ITRG. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Integra Resources during the 1st quarter worth $30,000. Rathbones Group PLC acquired a new stake in shares of Integra Resources during the fourth quarter worth $28,000. Millennium Management LLC bought a new position in shares of Integra Resources in the 4th quarter worth about $39,000. Bank of America Corp DE lifted its stake in Integra Resources by 336.4% in the fourth quarter. Bank of America Corp DE now owns 46,697 shares of the company's stock valued at $41,000 after buying an additional 35,997 shares during the period. Finally, Jane Street Group LLC bought a new position in Integra Resources during the fourth quarter worth $42,000. 26.67% of the stock is owned by institutional investors and hedge funds.

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.