Integra Resources (CVE:ITR) Stock Price Up 8.4% on Analyst Upgrade

Integra Resources Corp. (CVE:ITR)’s share price rose 8.4% on Monday after Stifel Nicolaus raised their price target on the stock from C$4.00 to C$4.50. The company traded as high as C$2.54 and last traded at C$2.52. Approximately 727,256 shares changed hands during mid-day trading, an increase of 82% from the average daily volume of 400,315 shares. The stock had previously closed at C$2.32.

Separately, Raymond James increased their target price on shares of Integra Resources from C$3.25 to C$3.75 in a research note on Friday, April 4th.

Insider Activity

In related news, Director George Salamis acquired 24,500 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were bought at an average cost of C$1.40 per share, with a total value of C$34,282.85. Corporate insiders own 17.78% of the company’s stock.

Integra Resources Trading Down 4.3 %

The company has a 50 day moving average of C$1.80 and a 200 day moving average of C$1.53. The firm has a market cap of C$290.74 million, a price-to-earnings ratio of -5.09 and a beta of 1.37. The company has a current ratio of 0.82, a quick ratio of 1.49 and a debt-to-equity ratio of 35.54.

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.