FY2024 EPS Forecast for Integra Resources Raised by Analyst

Integra Resources Corp. (NYSEAMERICAN:ITRG) – Stock analysts at HC Wainwright raised their FY2024 earnings per share (EPS) estimates for Integra Resources in a research note issued to investors on Thursday, October 31st. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of ($0.29) per share for the year, up from their prior estimate of ($0.36). HC Wainwright currently has a “Buy” rating and a $3.75 price target on the stock. The consensus estimate for Integra Resources’ current full-year earnings is ($0.14) per share. HC Wainwright also issued estimates for Integra Resources’ FY2025 earnings at ($0.31) EPS.

Integra Resources (NYSEAMERICAN:ITRG) last posted its earnings results on Wednesday, August 14th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05).

Separately, Desjardins upgraded shares of Integra Resources to a “moderate buy” rating in a research report on Thursday, October 31st.

Integra Resources Trading Up 1.4 %

Integra Resources stock opened at $1.10 on Monday. Integra Resources has a 52-week low of $0.64 and a 52-week high of $1.28. The firm has a market cap of $96.86 million, a P/E ratio of -2.96 and a beta of 1.40.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Integra Resources stock. Equinox Partners Investment Management LLC grew its position in Integra Resources Corp. (NYSEAMERICAN:ITRG) by 26.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,815,130 shares of the company’s stock after acquiring an additional 1,857,264 shares during the quarter. Integra Resources comprises about 5.2% of Equinox Partners Investment Management LLC’s portfolio, making the stock its 6th largest position. Equinox Partners Investment Management LLC owned 9.97% of Integra Resources worth $8,055,000 at the end of the most recent reporting period. Institutional investors own 26.67% of the company’s stock.

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.