Principal Financial Group Inc. boosted its position in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR – Free Report) by 144.4% in the first quarter, Holdings Channel.com reports. The firm owned 53,445 shares of the company’s stock after purchasing an additional 31,576 shares during the period. Principal Financial Group Inc.’s holdings in Idaho Strategic Resources were worth $1,717,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Prospera Financial Services Inc increased its position in Idaho Strategic Resources by 4.6% in the 4th quarter. Prospera Financial Services Inc now owns 8,442 shares of the company’s stock worth $340,000 after purchasing an additional 373 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Idaho Strategic Resources by 100.0% during the 1st quarter. International Assets Investment Management LLC now owns 1,000 shares of the company’s stock worth $34,000 after purchasing an additional 500 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Idaho Strategic Resources by 1.3% during the 2nd quarter. Raymond James Financial Inc. now owns 47,223 shares of the company’s stock worth $618,000 after purchasing an additional 608 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Idaho Strategic Resources during the 4th quarter valued at about $38,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Idaho Strategic Resources by 14.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,673 shares of the company’s stock valued at $310,000 after buying an additional 977 shares during the last quarter. Hedge funds and other institutional investors own 8.70% of the company’s stock.
Analyst Ratings Changes
Separately, Zacks Research cut Idaho Strategic Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Idaho Strategic Resources Stock Up 5.3%
Idaho Strategic Resources stock opened at $29.20 on Friday. The company has a market capitalization of $461.65 million, a P/E ratio of 20.56 and a beta of 1.20. The firm’s fifty day simple moving average is $33.04 and its 200-day simple moving average is $37.06. The company has a current ratio of 12.77, a quick ratio of 12.48 and a debt-to-equity ratio of 0.01. Idaho Strategic Resources, Inc. has a 1-year low of $16.03 and a 1-year high of $54.70.
Idaho Strategic Resources (NYSEAMERICAN:IDR – Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $14.48 million during the quarter, compared to the consensus estimate of $14.30 million. Idaho Strategic Resources had a return on equity of 23.94% and a net margin of 43.33%. Sell-side analysts forecast that Idaho Strategic Resources, Inc. will post 1.52 earnings per share for the current fiscal year.
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.
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