Idaho Strategic Resources, Inc. Forecasted to Earn Q3 2024 Earnings of $0.07 Per Share (NYSEAMERICAN:IDR)

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Free Report) - Roth Capital reduced their Q3 2024 earnings estimates for shares of Idaho Strategic Resources in a research report issued to clients and investors on Tuesday, April 2nd. Roth Capital analyst M. Niehuser now forecasts that the company will post earnings per share of $0.07 for the quarter, down from their previous forecast of $0.08. The consensus estimate for Idaho Strategic Resources' current full-year earnings is $0.30 per share. Roth Capital also issued estimates for Idaho Strategic Resources' Q4 2024 earnings at $0.07 EPS and FY2024 earnings at $0.27 EPS.

Separately, Roth Mkm lifted their price target on shares of Idaho Strategic Resources from $9.00 to $10.00 and gave the company a "buy" rating in a report on Tuesday.

Idaho Strategic Resources Stock Down 0.3 %

Shares of IDR stock traded down €0.03 ($0.03) on Wednesday, hitting €8.87 ($9.54). 42,000 shares of the stock traded hands, compared to its average volume of 28,203. The company has a market capitalization of $111.41 million, a price-to-earnings ratio of 98.57 and a beta of 0.68. Idaho Strategic Resources has a 52 week low of €4.47 ($4.81) and a 52 week high of €9.05 ($9.73). The company has a debt-to-equity ratio of 0.07, a current ratio of 2.57 and a quick ratio of 2.06.

Idaho Strategic Resources (NYSEAMERICAN:IDR - Get Free Report) last announced its quarterly earnings data on Monday, March 25th. The company reported €0.02 ($0.02) EPS for the quarter, missing the consensus estimate of €0.05 ($0.05) by (€0.03) (($0.03)). The firm had revenue of €3.78 million for the quarter, compared to the consensus estimate of €3.70 million. Idaho Strategic Resources had a net margin of 8.49% and a return on equity of 5.98%.

Hedge Funds Weigh In On Idaho Strategic Resources

Large investors have recently made changes to their positions in the company. Salem Investment Counselors Inc. purchased a new position in shares of Idaho Strategic Resources during the 4th quarter worth about $85,000. JW Asset Management LLC purchased a new stake in Idaho Strategic Resources in the 1st quarter valued at about $2,271,000. BlackRock Inc. boosted its position in Idaho Strategic Resources by 2.0% in the 2nd quarter. BlackRock Inc. now owns 145,378 shares of the company's stock valued at $776,000 after buying an additional 2,865 shares during the period. LPL Financial LLC purchased a new stake in Idaho Strategic Resources in the 2nd quarter valued at about $574,000. Finally, Geode Capital Management LLC boosted its position in Idaho Strategic Resources by 15.2% in the 2nd quarter. Geode Capital Management LLC now owns 81,581 shares of the company's stock valued at $436,000 after buying an additional 10,768 shares during the period. 8.70% of the stock is owned by hedge funds and other institutional investors.

Idaho Strategic Resources Company Profile

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.