Integra Resources (NYSEAMERICAN:ITRG) Shares Up 8.6% - Should You Buy?

Key Points

• Integra Resources shares surged 8.6% on Friday, reaching a trading high of $2.98, with a volume increase of 107% compared to the average session.
• Analyst ratings remain positive with HC Wainwright maintaining a "buy" rating and a price target of $3.25, contributing to an overall consensus rating of "buy" for the stock.
• Institutional investors own 26.67% of Integra Resources, with significant recent investments from firms such as Bank of America Corp DE and Cambridge Investment Research Advisors.

Shares of Integra Resources Corp. (NYSEAMERICAN:ITRG - Get Free Report) shot up 8.6% on Friday . The stock traded as high as $2.98 and last traded at $2.98. 2,267,378 shares were traded during trading, an increase of 107% from the average session volume of 1,093,760 shares. The stock had previously closed at $2.74.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a "buy" rating and set a $3.25 price objective on shares of Integra Resources in a report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Integra Resources currently has an average rating of "Buy" and a consensus price target of $3.25.

Integra Resources Trading Up 7.7%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.24 and a current ratio of 2.11. The company has a 50 day simple moving average of $2.08 and a two-hundred day simple moving average of $1.72. The company has a market cap of $498.55 million, a PE ratio of 49.17 and a beta of 0.82.

Institutional Investors Weigh In On Integra Resources

Several large investors have recently made changes to their positions in ITRG. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Integra Resources in the 1st quarter valued at approximately $30,000. Virtu Financial LLC bought a new stake in shares of Integra Resources in the 1st quarter valued at approximately $34,000. Millennium Management LLC bought a new stake in shares of Integra Resources in the 4th quarter valued at approximately $39,000. Bank of America Corp DE grew its stake in shares of Integra Resources by 336.4% in the 4th 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 in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Integra Resources in the 4th quarter valued at approximately $42,000. Institutional investors 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.

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