Idaho Strategic Resources (NYSEAMERICAN:IDR) Trading Down 6.1% – Here’s What Happened

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) was down 6.1% on Thursday . The company traded as low as $45.40 and last traded at $46.18. Approximately 69,670 shares traded hands during trading, a decline of 87% from the average daily volume of 545,781 shares. The stock had previously closed at $49.20.

Analysts Set New Price Targets

Separately, Roth Capital reiterated a “buy” rating on shares of Idaho Strategic Resources in a research note on Friday, December 12th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $17.50.

Idaho Strategic Resources Price Performance

The company’s 50-day moving average is $39.37 and its 200-day moving average is $31.03. The firm has a market cap of $762.04 million, a price-to-earnings ratio of 69.83 and a beta of 0.97. The company has a current ratio of 8.55, a quick ratio of 8.34 and a debt-to-equity ratio of 0.02.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its earnings results on Wednesday, November 12th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. Idaho Strategic Resources had a return on equity of 18.60% and a net margin of 27.82%.The firm had revenue of $11.08 million during the quarter, compared to analysts’ expectations of $9.40 million. Equities research analysts predict that Idaho Strategic Resources, Inc. will post 0.65 earnings per share for the current year.

Insider Transactions at Idaho Strategic Resources

In related news, CEO John Swallow sold 30,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $43.44, for a total value of $1,303,200.00. Following the completion of the transaction, the chief executive officer owned 665,778 shares of the company’s stock, valued at $28,921,396.32. This represents a 4.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 SEC filing for this sale provides additional information. Insiders sold 52,000 shares of company stock valued at $2,206,880 in the last three months. Company insiders own 8.69% of the company’s stock.

Institutional Trading of Idaho Strategic Resources

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in shares of Idaho Strategic Resources in the 4th quarter valued at about $116,000. Prelude Capital Management LLC bought a new position in Idaho Strategic Resources during the 3rd quarter worth approximately $215,000. Punch & Associates Investment Management Inc. lifted its position in shares of Idaho Strategic Resources by 14.8% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 209,655 shares of the company’s stock worth $7,084,000 after purchasing an additional 27,098 shares during the period. Millennium Management LLC boosted its stake in shares of Idaho Strategic Resources by 229.2% in the 3rd quarter. Millennium Management LLC now owns 41,864 shares of the company’s stock valued at $1,415,000 after purchasing an additional 29,146 shares during the last quarter. Finally, Jain Global LLC acquired a new stake in shares of Idaho Strategic Resources during the third quarter worth $748,000. Institutional investors 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.