HC Wainwright Issues Pessimistic Forecast for Integra Resources (NYSEAMERICAN:ITRG) Stock Price

Integra Resources (NYSEAMERICAN:ITRG) had its price target dropped by equities research analysts at HC Wainwright from $3.75 to $2.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s target price would indicate a potential upside of 149.69% from the company’s current price.

Several other brokerages have also recently weighed in on ITRG. Desjardins raised shares of Integra Resources to a “moderate buy” rating in a research report on Thursday, October 31st. Cormark upgraded Integra Resources to a “moderate buy” rating in a report on Monday, November 11th.

Integra Resources Stock Down 2.3 %

ITRG stock opened at $0.80 on Wednesday. Integra Resources has a 1-year low of $0.64 and a 1-year high of $1.28. The stock has a market capitalization of $135.02 million, a P/E ratio of -2.43 and a beta of 1.35.

Hedge Funds Weigh In On Integra Resources

An institutional investor recently bought a new position in Integra Resources stock. The Manufacturers Life Insurance Company purchased a new position in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,217,846 shares of the company’s stock, valued at approximately $1,189,000. The Manufacturers Life Insurance Company owned approximately 1.38% of Integra Resources at the end of the most recent 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.