Idaho Strategic Resources FY2024 EPS Lowered by Roth Capital

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) – Research analysts at Roth Capital dropped their FY2024 earnings estimates for Idaho Strategic Resources in a research report issued on Tuesday, November 5th. Roth Capital analyst M. Niehuser now expects that the company will post earnings per share of $0.71 for the year, down from their previous estimate of $0.77. The consensus estimate for Idaho Strategic Resources’ current full-year earnings is $0.77 per share.

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

Idaho Strategic Resources Stock Down 7.4 %

Idaho Strategic Resources stock opened at €12.01 ($13.20) on Friday. The company has a quick ratio of 5.58, a current ratio of 5.52 and a debt-to-equity ratio of 0.06. Idaho Strategic Resources has a 12 month low of €4.75 ($5.22) and a 12 month high of €18.35 ($20.16). The company has a market capitalization of $164.06 million, a price-to-earnings ratio of 23.55 and a beta of 0.81.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last posted its quarterly earnings data on Monday, November 4th. The company reported €0.15 ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of €0.21 ($0.23) by (€0.06) (($0.07)). Idaho Strategic Resources had a return on equity of 24.55% and a net margin of 30.44%. The company had revenue of €6.15 million for the quarter, compared to the consensus estimate of €7.40 million.

Hedge Funds Weigh In On Idaho Strategic Resources

Several institutional investors have recently bought and sold shares of IDR. WR Wealth Planners LLC lifted its position in shares of Idaho Strategic Resources by 145.2% during the second quarter. WR Wealth Planners LLC now owns 3,923 shares of the company’s stock worth $39,000 after purchasing an additional 2,323 shares in the last quarter. Eastern Bank bought a new position in Idaho Strategic Resources in the 3rd quarter worth approximately $40,000. Dimensional Fund Advisors LP acquired a new position in Idaho Strategic Resources during the 2nd quarter worth $108,000. Brighton Jones LLC bought a new position in Idaho Strategic Resources in the 2nd quarter valued at $496,000. Finally, Renaissance Technologies LLC increased its stake in shares of 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 during the period. Institutional investors own 8.70% of the company’s stock.

Insider Activity at Idaho Strategic Resources

In other Idaho Strategic Resources news, CEO John Swallow sold 225,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of €13.04 ($14.33), for a total transaction of €2,934,000.00 ($3,224,175.82). Following the completion of the transaction, the chief executive officer now directly owns 955,248 shares in the company, valued at €12,456,433.92 ($13,688,388.92). This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.66% of the stock is currently owned by insiders.

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.