Idaho Strategic Resources (NYSEAMERICAN:IDR – Get Free Report) released its earnings results on Thursday. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03), FiscalAI reports. Idaho Strategic Resources had a net margin of 39.42% and a return on equity of 23.69%. The company had revenue of $14.48 million during the quarter, compared to analysts’ expectations of $14.30 million.
Idaho Strategic Resources Stock Down 11.8%
Shares of IDR traded down $5.26 during mid-day trading on Friday, reaching $39.33. The company’s stock had a trading volume of 292,508 shares, compared to its average volume of 361,047. Idaho Strategic Resources has a 12-month low of $12.25 and a 12-month high of $54.70. The stock has a market cap of $621.81 million, a PE ratio of 34.48 and a beta of 1.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 13.96 and a quick ratio of 13.70. The company’s 50 day moving average is $38.33 and its 200 day moving average is $39.12.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded Idaho Strategic Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.
Hedge Funds Weigh In On Idaho Strategic Resources
A number of institutional investors and hedge funds have recently added to or reduced their stakes in IDR. State Street Corp increased its stake in Idaho Strategic Resources by 243.1% in the fourth quarter. State Street Corp now owns 890,401 shares of the company’s stock valued at $35,883,000 after purchasing an additional 630,891 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Idaho Strategic Resources by 10.6% during the 3rd quarter. Vanguard Group Inc. now owns 726,335 shares of the company’s stock worth $24,543,000 after buying an additional 69,639 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Idaho Strategic Resources by 5.9% in the 4th quarter. Van ECK Associates Corp now owns 492,621 shares of the company’s stock valued at $19,853,000 after buying an additional 27,663 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Idaho Strategic Resources by 14.9% in the 4th quarter. Geode Capital Management LLC now owns 343,036 shares of the company’s stock valued at $13,827,000 after buying an additional 44,568 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Idaho Strategic Resources by 39.3% in the 4th quarter. Invesco Ltd. now owns 220,534 shares of the company’s stock valued at $8,888,000 after buying an additional 62,175 shares during the last quarter. 8.70% of the stock is owned by institutional investors and hedge funds.
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.
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