Integra Resources (ITRG) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• Integra Resources (ITRG) is set to announce its earnings on Wednesday, August 13, with analysts expecting earnings of $0.06 per share and revenue of $37.95 million.
• Shares of ITRG opened at $1.56, with a 52-week range of $0.79 to $1.95, and a market capitalization of $263.64 million.
• Bank of America recently increased its stake in Integra Resources by 336.4%, indicating strong institutional interest in the company.

Integra Resources (NYSEAMERICAN:ITRG - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Wednesday, August 13th. Analysts expect Integra Resources to post earnings of $0.06 per share and revenue of $37.95 million for the quarter.

Integra Resources Price Performance

Shares of NYSEAMERICAN:ITRG remained flat at $1.58 during midday trading on Friday. 771,125 shares of the stock were exchanged, compared to its average volume of 897,184. The company has a market cap of $267.02 million, a price-to-earnings ratio of -22.57 and a beta of 0.73. Integra Resources has a 1 year low of $0.79 and a 1 year high of $1.95. The company has a fifty day moving average of $1.57.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lifted their price objective on shares of Integra Resources from $2.75 to $3.25 and gave the company a "buy" rating in a report on Friday, July 18th.

Hedge Funds Weigh In On Integra Resources

A hedge fund recently raised its stake in Integra Resources stock. Goldman Sachs Group Inc. raised its stake in Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) by 26.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 316,549 shares of the company's stock after buying an additional 66,002 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.19% of Integra Resources worth $393,000 as of its most recent SEC filing. 26.67% of the stock is owned by institutional investors and hedge funds.

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.