Idaho Strategic Resources (NYSEAMERICAN:IDR) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDRGet Free Report)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $39.39 and traded as low as $32.02. Idaho Strategic Resources shares last traded at $32.86, with a volume of 235,894 shares changing hands.

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 equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, Idaho Strategic Resources presently has an average rating of “Strong Buy”.

Read Our Latest Research Report on Idaho Strategic Resources

Idaho Strategic Resources Stock Performance

The company has a market cap of $517.78 million, a price-to-earnings ratio of 23.06 and a beta of 1.16. The company’s 50-day moving average is $38.65 and its 200 day moving average is $39.26. The company has a quick ratio of 12.48, a current ratio of 12.77 and a debt-to-equity ratio of 0.01.

Idaho Strategic Resources (NYSEAMERICAN:IDRGet Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). Idaho Strategic Resources had a net margin of 43.33% and a return on equity of 23.94%. The company had revenue of $14.48 million during the quarter, compared to analyst estimates of $14.30 million. Research analysts predict that Idaho Strategic Resources, Inc. will post 1.52 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC lifted its holdings in Idaho Strategic Resources by 100.0% in the first quarter. International Assets Investment Management LLC now owns 1,000 shares of the company’s stock valued at $34,000 after acquiring an additional 500 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Idaho Strategic Resources in the fourth quarter worth $38,000. Rockefeller Capital Management L.P. purchased a new stake in Idaho Strategic Resources during the 4th quarter worth about $40,000. Sound Income Strategies LLC lifted its stake in Idaho Strategic Resources by 4,000.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,025 shares of the company’s stock worth $45,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in shares of Idaho Strategic Resources during the 1st quarter worth $45,000. Hedge funds and other institutional investors own 8.70% of the company’s stock.

Idaho Strategic Resources Company Profile

(Get Free Report)

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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