Integra Resources (NYSEAMERICAN:ITRG) Reaches New 12-Month High - Should You Buy?

Key Points

• Integra Resources Corp. (ITRG) reached a new 52-week high of $3.37, closing at $3.32 with a trading volume of over 1 million shares.
• HC Wainwright has reissued a buy rating on the stock, with a target price of $3.25, reflecting analysts' positive outlook on the company's performance.
• Institutional investors own approximately 26.67% of Integra Resources, with significant recent purchases from firms like Bank of America and MIRAE ASSET GLOBAL ETFS.

Integra Resources Corp. (NYSEAMERICAN:ITRG - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as $3.37 and last traded at $3.32, with a volume of 1094141 shares traded. The stock had previously closed at $3.12.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a "buy" rating and issued a $3.25 target price on shares of Integra Resources in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Integra Resources presently has an average rating of "Buy" and a consensus target price of $3.25.

Integra Resources Stock Up 8.2%

The company has a fifty day moving average price of $2.50 and a 200-day moving average price of $1.89. The firm has a market capitalization of $570.65 million, a PE ratio of 56.25 and a beta of 0.84. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.24 and a current ratio of 2.11.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Man Group plc purchased a new position in shares of Integra Resources in the second quarter worth about $149,000. Bank of America Corp DE boosted its stake in Integra Resources by 88.2% during the second quarter. Bank of America Corp DE now owns 2,365,705 shares of the company's stock worth $3,549,000 after buying an additional 1,108,570 shares during the last quarter. Jane Street Group LLC acquired a new position in Integra Resources during the second quarter worth $48,000. Raymond James Financial Inc. raised its position in Integra Resources by 48.7% in the second quarter. Raymond James Financial Inc. now owns 50,751 shares of the company's stock valued at $76,000 after purchasing an additional 16,611 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Integra Resources in the second quarter valued at $7,106,000. Institutional investors and hedge funds own 26.67% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.