Virtu Financial LLC grew its position in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR – Free Report) by 329.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,164 shares of the company’s stock after purchasing an additional 23,136 shares during the period. Virtu Financial LLC’s holdings in Idaho Strategic Resources were worth $1,216,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Brevan Howard Capital Management LP acquired a new stake in shares of Idaho Strategic Resources in the third quarter valued at $5,616,000. Euro Pacific Asset Management LLC acquired a new position in Idaho Strategic Resources during the 4th quarter worth about $32,782,035,000. Van ECK Associates Corp acquired a new position in Idaho Strategic Resources during the 3rd quarter worth about $15,711,000. HITE Hedge Asset Management LLC acquired a new position in Idaho Strategic Resources during the 4th quarter worth about $3,705,000. Finally, Round Rock Advisors LLC boosted its holdings in Idaho Strategic Resources by 45.0% during the 4th quarter. Round Rock Advisors LLC now owns 43,828 shares of the company’s stock valued at $1,766,000 after acquiring an additional 13,598 shares during the period. 8.70% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Zacks Research raised Idaho Strategic Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, Idaho Strategic Resources has an average rating of “Strong Buy”.
Idaho Strategic Resources Price Performance
Shares of IDR opened at $35.44 on Friday. Idaho Strategic Resources, Inc. has a fifty-two week low of $12.40 and a fifty-two week high of $54.70. The firm’s 50 day moving average price is $39.76 and its 200 day moving average price is $39.60. The company has a market cap of $560.31 million, a P/E ratio of 24.96 and a beta of 1.16. 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:IDR – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.40 EPS for the quarter, missing the consensus estimate 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 business had revenue of $14.48 million during the quarter, compared to analysts’ expectations of $14.30 million. On average, research 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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