Idaho Strategic Resources (NYSEAMERICAN:IDR) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of €0.00 ($0.00) and traded as high as €17.67 ($19.21). Idaho Strategic Resources shares last traded at €17.66 ($19.20), with a volume of 155,600 shares.

Wall Street Analyst Weigh In

Separately, Roth Mkm increased their target price on Idaho Strategic Resources from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, August 26th.

Idaho Strategic Resources Stock Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.58 and a current ratio of 6.01. The company has a market capitalization of $228.87 million, a P/E ratio of 45.28 and a beta of 0.80.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last announced its quarterly earnings data on Tuesday, July 30th. The company reported €0.17 ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of €0.07 ($0.08) by €0.10 ($0.11). Idaho Strategic Resources had a return on equity of 22.07% and a net margin of 26.69%. The company had revenue of €6.13 million for the quarter, compared to analysts’ expectations of €5.20 million. Research analysts anticipate that Idaho Strategic Resources, Inc. will post 0.77 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IDR. WR Wealth Planners LLC raised its holdings in Idaho Strategic Resources by 145.2% in the 2nd quarter. WR Wealth Planners LLC now owns 3,923 shares of the company’s stock valued at $39,000 after acquiring an additional 2,323 shares during the period. Eastern Bank bought a new position in shares of Idaho Strategic Resources during the third quarter worth approximately $40,000. Dimensional Fund Advisors LP acquired a new stake in Idaho Strategic Resources during the 2nd quarter worth approximately $108,000. Brighton Jones LLC bought a new stake in Idaho Strategic Resources in the 2nd quarter valued at $496,000. Finally, Renaissance Technologies LLC grew its holdings in Idaho Strategic Resources by 24.7% in the 2nd quarter. Renaissance Technologies LLC now owns 60,750 shares of the company’s stock valued at $599,000 after buying an additional 12,050 shares in the last quarter. 8.70% of the stock is owned by institutional investors and hedge funds.

About Idaho Strategic Resources

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.