Integra Resources (NYSEAMERICAN:ITRG) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research cut shares of Integra Resources (NYSEAMERICAN:ITRGFree Report) from a hold rating to a strong sell rating in a report published on Thursday,Zacks.com reports.

ITRG has been the topic of several other research reports. HC Wainwright restated a “buy” rating on shares of Integra Resources in a research report on Friday, June 26th. Roth Capital restated a “buy” rating and set a $6.00 target price on shares of Integra Resources in a research report on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $7.33.

Check Out Our Latest Report on Integra Resources

Integra Resources Trading Down 1.4%

Integra Resources stock opened at $2.06 on Thursday. The company has a current ratio of 4.96, a quick ratio of 3.17 and a debt-to-equity ratio of 0.10. Integra Resources has a 12 month low of $1.43 and a 12 month high of $4.87. The stock’s 50 day simple moving average is $2.46 and its two-hundred day simple moving average is $3.14. The firm has a market cap of $417.71 million, a PE ratio of 51.51 and a beta of 0.85.

Hedge Funds Weigh In On Integra Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ITRG. Bank of America Corp DE raised its stake in Integra Resources by 336.4% during the fourth quarter. Bank of America Corp DE now owns 46,697 shares of the company’s stock worth $41,000 after purchasing an additional 35,997 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Integra Resources by 26.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 316,549 shares of the company’s stock valued at $393,000 after buying an additional 66,002 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Integra Resources during the 2nd quarter worth approximately $53,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Integra Resources during the 2nd quarter worth approximately $7,106,000. Finally, Raymond James Financial Inc. raised its position in Integra Resources by 48.7% in the second quarter. Raymond James Financial Inc. now owns 50,751 shares of the company’s stock valued at $76,000 after purchasing an additional 16,611 shares during the period. Institutional investors and hedge funds own 26.67% of the company’s stock.

Integra Resources Company Profile

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Integra Resources Corp. is a mineral exploration and development company focused on the acquisition, characterization and advancement of precious metals projects in North America. The company’s flagship asset is the DeLamar Gold-Silver Project in southwestern Idaho, a historic mining district that produced both gold and silver from the late 19th century through the mid-20th century. Integra’s business model emphasizes resource delineation, metallurgical optimization and progression through permitting and engineering phases toward potential production.

Since its incorporation in 2017, Integra Resources has undertaken multiple drilling campaigns and metallurgical studies aimed at upgrading and expanding the known mineral inventory at DeLamar.

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