Integra Resources (NYSEAMERICAN:ITRG) Rating Increased to Moderate Buy at Cormark

Cormark upgraded shares of Integra Resources (NYSEAMERICAN:ITRG) to a moderate buy rating in a report published on Monday,Zacks.com reports. Cormark also issued estimates for Integra Resources’ Q3 2024 earnings at ($0.04) EPS, Q4 2024 earnings at $0.15 EPS, Q1 2025 earnings at $0.10 EPS, Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.10 EPS, FY2025 earnings at $0.40 EPS, Q1 2026 earnings at $0.10 EPS, Q2 2026 earnings at $0.10 EPS, Q3 2026 earnings at $0.10 EPS and FY2026 earnings at $0.37 EPS.

Several other research analysts have also commented on the company. HC Wainwright reissued a “buy” rating and issued a $3.75 price objective on shares of Integra Resources in a research report on Thursday, October 31st. Desjardins upgraded Integra Resources to a “moderate buy” rating in a report on Thursday, October 31st.

Integra Resources Price Performance

ITRG opened at $0.90 on Monday. The company has a market cap of $79.61 million, a P/E ratio of -2.43 and a beta of 1.40. Integra Resources has a 1 year low of $0.64 and a 1 year high of $1.28.

Integra Resources (NYSEAMERICAN:ITRG) last issued its earnings results on Wednesday, August 14th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). On average, analysts expect that Integra Resources will post -0.16 earnings per share for the current year.

Institutional Trading of Integra Resources

Institutional investors and hedge funds have recently modified their holdings of the business. Equinox Partners Investment Management LLC lifted its holdings in shares of Integra Resources by 26.7% in the 2nd quarter. Equinox Partners Investment Management LLC now owns 8,815,130 shares of the company’s stock worth $8,055,000 after purchasing an additional 1,857,264 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Integra Resources in the third quarter worth $1,189,000. Finally, Renaissance Technologies LLC lifted its stake in Integra Resources by 106.3% in the second quarter. Renaissance Technologies LLC now owns 309,989 shares of the company’s stock valued at $286,000 after buying an additional 159,709 shares during the last quarter. 26.67% of the stock is owned by institutional investors and hedge funds.

About Integra Resources

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.