HC Wainwright Raises Integra Resources (NYSEAMERICAN:ITRG) Price Target to $2.75

Integra Resources (NYSEAMERICAN:ITRG) had its price target increased by research analysts at HC Wainwright from $2.00 to $2.75 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price objective points to a potential upside of 121.77% from the company’s previous close.

Integra Resources Price Performance

NYSEAMERICAN:ITRG opened at $1.24 on Thursday. The company has a market cap of $209.03 million, a P/E ratio of -3.76 and a beta of 1.37. Integra Resources has a fifty-two week low of $0.71 and a fifty-two week high of $1.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ITRG. Rathbones Group PLC acquired a new position in shares of Integra Resources during the 4th quarter worth about $28,000. Bank of America Corp DE lifted its stake in Integra Resources by 336.4% during the fourth quarter. Bank of America Corp DE now owns 46,697 shares of the company’s stock worth $41,000 after purchasing an additional 35,997 shares during the last quarter. Citadel Advisors LLC boosted its holdings in Integra Resources by 173.9% in the fourth quarter. Citadel Advisors LLC now owns 68,392 shares of the company’s stock valued at $59,000 after purchasing an additional 43,421 shares in the last quarter. Millennium Management LLC purchased a new position in Integra Resources in the fourth quarter valued at approximately $39,000. Finally, Jane Street Group LLC purchased a new position in Integra Resources in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds 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.