Idaho Strategic Resources (NYSEAMERICAN:IDR) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Idaho Strategic Resources (NYSEAMERICAN:IDR) released its quarterly earnings data on Thursday. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03), FiscalAI reports. The firm had revenue of $14.48 million for the quarter, compared to analyst estimates of $14.30 million. Idaho Strategic Resources had a return on equity of 26.89% and a net margin of 43.33%.

Idaho Strategic Resources Stock Performance

IDR traded down $6.40 on Friday, reaching $38.19. The company had a trading volume of 519,900 shares, compared to its average volume of 222,007. Idaho Strategic Resources has a fifty-two week low of $12.25 and a fifty-two week high of $54.70. The stock has a market cap of $603.78 million, a P/E ratio of 26.89 and a beta of 1.21. The company’s fifty day moving average is $38.26 and its 200 day moving average is $39.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 13.70 and a current ratio of 13.96.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Idaho Strategic Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, Idaho Strategic Resources currently has an average rating of “Strong Buy”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IDR. NewEdge Advisors LLC grew its stake in Idaho Strategic Resources by 108.8% in the 1st quarter. NewEdge Advisors LLC now owns 30,551 shares of the company’s stock valued at $437,000 after buying an additional 15,917 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Idaho Strategic Resources by 21.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 52,099 shares of the company’s stock valued at $746,000 after buying an additional 9,298 shares during the last quarter. Geode Capital Management LLC grew its stake in Idaho Strategic Resources by 127.1% in the 2nd quarter. Geode Capital Management LLC now owns 285,573 shares of the company’s stock valued at $3,736,000 after buying an additional 159,850 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Idaho Strategic Resources in the 2nd quarter valued at about $78,000. Finally, New York State Common Retirement Fund acquired a new position in Idaho Strategic Resources in the 2nd quarter valued at about $98,000. Institutional investors and hedge funds own 8.70% of the company’s stock.

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.