Idaho Strategic Resources (NYSEAMERICAN:IDR) Price Target Raised to $10.00

Idaho Strategic Resources (NYSEAMERICAN:IDR - Free Report) had its target price increased by Roth Mkm from $9.00 to $10.00 in a report published on Tuesday morning, Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Idaho Strategic Resources Stock Performance

Shares of NYSEAMERICAN:IDR traded up €0.23 ($0.25) during trading on Tuesday, reaching €8.90 ($9.57). The stock had a trading volume of 46,000 shares, compared to its average volume of 27,984. 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 current ratio of 2.57, a quick ratio of 2.06 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $111.78 million, a P/E ratio of 98.90 and a beta of 0.68.

Idaho Strategic Resources (NYSEAMERICAN:IDR - Get Free Report) last issued its quarterly earnings results on Monday, March 25th. The company reported €0.02 ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of €0.05 ($0.05) by (€0.03) (($0.03)). The company had revenue of €3.78 million during the quarter, compared to analyst estimates of €3.70 million. Idaho Strategic Resources had a net margin of 8.49% and a return on equity of 5.98%. As a group, sell-side analysts anticipate that Idaho Strategic Resources will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Salem Investment Counselors Inc. acquired a new stake in Idaho Strategic Resources in the fourth quarter valued at approximately $85,000. JW Asset Management LLC acquired a new stake in Idaho Strategic Resources in the first quarter valued at approximately $2,271,000. BlackRock Inc. boosted its position in Idaho Strategic Resources by 2.0% in the second quarter. BlackRock Inc. now owns 145,378 shares of the company's stock valued at $776,000 after buying an additional 2,865 shares in the last quarter. LPL Financial LLC acquired a new stake in Idaho Strategic Resources in the second quarter valued at approximately $574,000. Finally, Geode Capital Management LLC boosted its position in Idaho Strategic Resources by 15.2% in the second 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 in the last quarter. Institutional investors and hedge funds own 8.70% of the company's stock.

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.