Integra Resources (NYSEAMERICAN:ITRG) Shares Down 3.9%

Integra Resources Corp. (NYSEAMERICAN:ITRG)’s stock price was down 3.9% during mid-day trading on Tuesday . The company traded as low as $0.76 and last traded at $0.76. Approximately 124,664 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 133,508 shares. The stock had previously closed at $0.79.

Analysts Set New Price Targets

Separately, HC Wainwright cut their price target on shares of Integra Resources from $4.00 to $3.75 and set a “buy” rating on the stock in a research note on Wednesday, March 13th.

Integra Resources Stock Down 3.9 %

The stock has a market cap of $67.23 million, a P/E ratio of -1.41 and a beta of 1.39. The company’s 50 day moving average is $0.91. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.59 and a current ratio of 0.59.

Integra Resources (NYSEAMERICAN:ITRG) last announced its earnings results on Thursday, March 28th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). Equities analysts expect that Integra Resources Corp. will post -0.1 earnings per share for the current year.

Institutional Trading of Integra Resources

An institutional investor recently raised its position in Integra Resources stock. Equinox Partners Investment Management LLC raised its holdings in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,057,866 shares of the company’s stock after purchasing 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 approximately 10.25% of Integra Resources worth $7,408,000 as of its most recent SEC filing. Institutional investors and hedge funds own 26.67% of the company’s stock.

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.