Man Group plc bought a new stake in Integra Resources Corp. (NYSEAMERICAN:ITRG – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 199,916 shares of the company’s stock, valued at approximately $454,000. Man Group plc owned 0.10% of Integra Resources at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in Integra Resources during the 4th quarter worth about $29,000. Independent Advisor Alliance acquired a new position in shares of Integra Resources during the fourth quarter worth about $40,000. Hohimer Wealth Management LLC acquired a new position in shares of Integra Resources during the fourth quarter worth about $40,000. Cetera Investment Advisers purchased a new stake in shares of Integra Resources during the fourth quarter worth approximately $46,000. Finally, Mindset Wealth Management LLC purchased a new stake in shares of Integra Resources during the fourth quarter worth approximately $49,000. 26.67% of the stock is owned by institutional investors and hedge funds.
Integra Resources Price Performance
Shares of NYSEAMERICAN ITRG opened at $2.80 on Friday. The stock’s 50-day simple moving average is $2.44 and its 200-day simple moving average is $2.78. The firm has a market capitalization of $568.04 million, a PE ratio of 70.02 and a beta of 0.91. Integra Resources Corp. has a fifty-two week low of $1.99 and a fifty-two week high of $4.87. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.42 and a current ratio of 5.31.
Wall Street Analyst Weigh In
ITRG has been the subject of a number of recent research reports. Roth Capital set a $5.00 price target on shares of Integra Resources in a research note on Monday, July 27th. HC Wainwright restated a “buy” rating and issued a $6.75 price objective on shares of Integra Resources in a report on Wednesday, August 12th. Finally, Zacks Research raised shares of Integra Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $7.00.
View Our Latest Research Report on ITRG
Integra Resources Profile
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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