Integra Resources (NYSEAMERICAN:ITRG – Get Free Report) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.
Other equities research analysts also recently issued reports about the company. Roth Capital reissued a “buy” rating and set a $6.00 target price on shares of Integra Resources in a research report on Monday, June 29th. HC Wainwright reaffirmed a “buy” rating on shares of Integra Resources in a report on Friday, June 26th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.33.
View Our Latest Stock Report on Integra Resources
Integra Resources Stock Performance
Hedge Funds Weigh In On Integra Resources
Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its position in shares of Integra Resources by 3,124.0% during the 1st quarter. Royal Bank of Canada now owns 515,455 shares of the company’s stock valued at $1,407,000 after acquiring an additional 499,467 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Integra Resources by 14.3% in the first quarter. The Manufacturers Life Insurance Company now owns 1,198,287 shares of the company’s stock worth $3,233,000 after purchasing an additional 150,000 shares in the last quarter. Masters Capital Management LLC acquired a new position in Integra Resources in the first quarter worth about $2,730,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Integra Resources during the first quarter worth about $124,000. Finally, Renaissance Technologies LLC lifted its stake in Integra Resources by 287.8% during the first quarter. Renaissance Technologies LLC now owns 2,096,899 shares of the company’s stock worth $5,725,000 after purchasing an additional 1,556,199 shares during the period. Institutional investors and hedge funds own 26.67% of the company’s stock.
About Integra Resources
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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