Integra Resources (NYSEAMERICAN:ITRG) Shares Gap Up – Here’s What Happened

Integra Resources Corp. (NYSEAMERICAN:ITRGGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $2.52, but opened at $2.78. Integra Resources shares last traded at $2.8550, with a volume of 1,825,061 shares traded.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reduced their price objective on shares of Integra Resources from $7.00 to $6.75 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $7.67.

Check Out Our Latest Research Report on ITRG

Integra Resources Trading Up 10.1%

The company has a debt-to-equity ratio of 0.10, a current ratio of 4.96 and a quick ratio of 3.17. The stock’s 50-day moving average is $2.74 and its two-hundred day moving average is $3.41. The stock has a market cap of $561.27 million, a P/E ratio of 69.64 and a beta of 0.82.

Hedge Funds Weigh In On Integra Resources

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of Integra Resources during the fourth quarter worth $29,000. Independent Advisor Alliance bought a new position in shares of Integra Resources during the fourth quarter worth $40,000. Hohimer Wealth Management LLC bought a new position in shares of Integra Resources during the fourth quarter worth $40,000. Brookstone Capital Management bought a new position in shares of Integra Resources during the fourth quarter worth $41,000. Finally, Cetera Investment Advisers bought a new position in shares of Integra Resources during the fourth quarter worth $46,000. Institutional investors own 26.67% of the company’s stock.

About Integra Resources

(Get Free Report)

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.

Further Reading

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