Integra Resources (NYSEAMERICAN:ITRG) Earns “Buy” Rating from HC Wainwright

Integra Resources (NYSEAMERICAN:ITRG)‘s stock had its “buy” rating reissued by equities research analysts at HC Wainwright in a report issued on Thursday, Benzinga reports. They currently have a $3.75 price objective on the stock. HC Wainwright’s price objective would indicate a potential upside of 237.84% from the company’s previous close.

Integra Resources Trading Down 1.8 %

ITRG stock opened at $1.11 on Thursday. Integra Resources has a 12-month low of $0.64 and a 12-month high of $1.28. The firm has a market capitalization of $98.19 million, a P/E ratio of -3.00 and a beta of 1.43.

Integra Resources (NYSEAMERICAN:ITRG) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). On average, research analysts expect that Integra Resources will post -0.18 EPS for the current year.

Institutional Trading of Integra Resources

A hedge fund recently raised its stake in Integra Resources stock. Renaissance Technologies LLC raised its holdings in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) by 106.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 309,989 shares of the company’s stock after acquiring an additional 159,709 shares during the quarter. Renaissance Technologies LLC owned approximately 0.35% of Integra Resources worth $286,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 26.67% of the company’s stock.

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.