Q3 Earnings Forecast for Integra Resources Issued By Cormark

Integra Resources Corp. (NYSEAMERICAN:ITRG) – Cormark issued their Q3 2024 earnings estimates for shares of Integra Resources in a note issued to investors on Monday, November 11th. Cormark analyst R. Gray forecasts that the company will earn ($0.04) per share for the quarter. Cormark currently has a “Moderate Buy” rating on the stock. The consensus estimate for Integra Resources’ current full-year earnings is ($0.16) per share. Cormark also issued estimates for Integra Resources’ 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.

Integra Resources (NYSEAMERICAN:ITRG) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05).

Several other equities analysts have also recently issued reports on ITRG. Desjardins upgraded shares of Integra Resources to a “moderate buy” rating in a research report on Thursday, October 31st. HC Wainwright reiterated a “buy” rating and issued a $3.75 target price on shares of Integra Resources in a research note on Thursday, October 31st.

Integra Resources Stock Up 1.1 %

NYSEAMERICAN ITRG opened at $0.91 on Thursday. Integra Resources has a 52-week low of $0.64 and a 52-week high of $1.28. The firm has a market cap of $80.49 million, a PE ratio of -2.76 and a beta of 1.40.

Hedge Funds Weigh In On Integra Resources

Several large investors have recently made changes to their positions in ITRG. Renaissance Technologies LLC increased its stake in shares of Integra Resources by 106.3% during the second quarter. Renaissance Technologies LLC now owns 309,989 shares of the company’s stock worth $286,000 after buying an additional 159,709 shares during the period. The Manufacturers Life Insurance Company purchased a new position in Integra Resources in the 3rd quarter valued at $1,189,000. Finally, Equinox Partners Investment Management LLC grew its position in 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 valued at $8,055,000 after buying an additional 1,857,264 shares during the last quarter. 26.67% of the stock is currently 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.