Raymond James Forecasts Strong Price Appreciation for Integra Resources (CVE:ITR) Stock

Integra Resources (CVE:ITR) had its price objective upped by research analysts at Raymond James from C$3.25 to C$3.75 in a note issued to investors on Friday,BayStreet.CA reports. Raymond James’ price target indicates a potential upside of 128.66% from the company’s previous close.

Integra Resources Trading Down 3.5 %

ITR stock opened at C$1.64 on Friday. The firm’s fifty day simple moving average is C$1.66 and its two-hundred day simple moving average is C$1.45. The stock has a market capitalization of C$193.83 million, a price-to-earnings ratio of -3.39 and a beta of 1.37. The company has a quick ratio of 1.49, a current ratio of 0.82 and a debt-to-equity ratio of 35.54. Integra Resources has a twelve month low of C$1.00 and a twelve month high of C$1.96.

Insider Buying and Selling

In other Integra Resources news, Director George Salamis acquired 24,500 shares of the business’s stock in a transaction on Friday, January 24th. The shares were bought at an average price of C$1.40 per share, with a total value of C$34,282.85. Insiders have bought 38,500 shares of company stock valued at $50,893 in the last ninety days. 17.78% of the stock is owned by company insiders.

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.