Idaho Strategic Resources (NYSEAMERICAN:IDR) Price Target Raised to $17.50

Idaho Strategic Resources (NYSEAMERICAN:IDR) had its price target boosted by Roth Mkm from $16.50 to $17.50 in a report published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Idaho Strategic Resources Price Performance

The firm has a fifty day moving average price of €12.96. The stock has a market capitalization of $204.35 million, a P/E ratio of 29.33 and a beta of 0.80. Idaho Strategic Resources has a twelve month low of €7.59 ($8.34) and a twelve month high of €18.35 ($20.16). The company has a quick ratio of 5.15, a current ratio of 5.52 and a debt-to-equity ratio of 0.06.

Institutional Investors Weigh In On Idaho Strategic Resources

A number of hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership lifted its stake in shares of Idaho Strategic Resources by 80.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 205,031 shares of the company’s stock valued at $2,089,000 after buying an additional 91,366 shares in the last quarter. Marshall Wace LLP lifted its position in Idaho Strategic Resources by 43.1% in the fourth quarter. Marshall Wace LLP now owns 139,434 shares of the company’s stock worth $1,421,000 after buying an additional 41,998 shares during the last quarter. Navellier & Associates Inc. lifted its holdings in shares of Idaho Strategic Resources by 160.5% in the 4th quarter. Navellier & Associates Inc. now owns 129,767 shares of the company’s stock worth $1,322,000 after acquiring an additional 79,950 shares during the last quarter. Millennium Management LLC boosted its position in shares of Idaho Strategic Resources by 169.6% during the fourth quarter. Millennium Management LLC now owns 120,768 shares of the company’s stock valued at $1,231,000 after buying an additional 75,969 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Idaho Strategic Resources by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 118,134 shares of the company’s stock valued at $1,205,000 after acquiring an additional 2,833 shares during the period. 8.70% of the stock is currently 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.