Idaho Strategic Resources (NYSEAMERICAN:IDR) Director Richard Scott Beaven Sells 2,000 Shares

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Director Richard Scott Beaven sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $34.64, for a total transaction of $69,280.00. Following the sale, the director directly owned 11,183 shares in the company, valued at approximately $387,379.12. The trade was a 15.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Idaho Strategic Resources Price Performance

Shares of IDR traded down $1.70 during trading hours on Tuesday, reaching $33.98. The stock had a trading volume of 555,142 shares, compared to its average volume of 413,610. Idaho Strategic Resources, Inc. has a 12 month low of $9.67 and a 12 month high of $54.70. The stock has a market capitalization of $529.75 million, a PE ratio of 48.54 and a beta of 0.72. The company has a debt-to-equity ratio of 0.02, a quick ratio of 8.34 and a current ratio of 8.55. The company’s 50-day moving average is $34.49 and its two-hundred day moving average is $23.71.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $11.08 million for the quarter, compared to analyst estimates of $9.40 million. Idaho Strategic Resources had a return on equity of 18.60% and a net margin of 27.82%. Research analysts expect that Idaho Strategic Resources, Inc. will post 0.65 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Roth Capital reaffirmed a “buy” rating on shares of Idaho Strategic Resources in a research note on Monday, September 8th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $17.50.

Institutional Investors Weigh In On Idaho Strategic Resources

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jefferies Financial Group Inc. increased its position in Idaho Strategic Resources by 5.7% during the 1st quarter. Jefferies Financial Group Inc. now owns 19,347 shares of the company’s stock valued at $277,000 after purchasing an additional 1,047 shares during the period. Citizens Financial Group Inc. RI acquired a new stake in shares of Idaho Strategic Resources during the first quarter worth $165,000. National Bank of Canada FI bought a new position in shares of Idaho Strategic Resources in the 1st quarter worth about $258,000. American Century Companies Inc. increased its holdings in Idaho Strategic Resources by 25.1% in the first quarter. American Century Companies Inc. now owns 20,692 shares of the company’s stock worth $296,000 after purchasing an additional 4,149 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its holdings in shares of Idaho Strategic Resources by 41.7% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 46,200 shares of the company’s stock worth $661,000 after buying an additional 13,600 shares in the last quarter. Institutional investors and hedge funds own 8.70% of the company’s stock.

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.