Integra Resources Corp. (NYSEAMERICAN:ITRG) to Post FY2024 Earnings of ($0.16) Per Share, Raymond James Forecasts

Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) - Analysts at Raymond James cut their FY2024 EPS estimates for Integra Resources in a research report issued on Tuesday, May 14th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of ($0.16) per share for the year, down from their prior estimate of ($0.10). The consensus estimate for Integra Resources' current full-year earnings is ($0.10) per share. Raymond James also issued estimates for Integra Resources' FY2025 earnings at ($0.13) EPS.

Separately, HC Wainwright dropped their target price on Integra Resources from $4.00 to $3.75 and set a "buy" rating on the stock in a research report on Wednesday, March 13th.

Integra Resources Stock Performance

Shares of Integra Resources stock traded up $0.08 during trading on Friday, reaching $0.84. The stock had a trading volume of 438,495 shares, compared to its average volume of 142,001. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.48 and a quick ratio of 0.59. The firm has a market cap of $74.70 million, a price-to-earnings ratio of -2.01 and a beta of 1.34. Integra Resources has a 52 week low of $0.64 and a 52 week high of $1.30.

Integra Resources (NYSEAMERICAN:ITRG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.05).

Hedge Funds Weigh In On Integra Resources

A hedge fund recently raised its stake in Integra Resources stock. Equinox Partners Investment Management LLC grew its position in Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,057,866 shares of the company's stock after acquiring an additional 400,000 shares during the period. Integra Resources comprises about 5.3% of Equinox Partners Investment Management LLC's portfolio, making the stock its 6th largest holding. Equinox Partners Investment Management LLC owned 10.25% of Integra Resources worth $7,408,000 at the end of the most recent reporting period. 26.67% of the stock is currently owned by institutional investors.

Integra Resources Company Profile

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.