World Investment Advisors Makes New Investment in Idaho Strategic Resources, Inc. $IDR

World Investment Advisors bought a new position in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 34,456 shares of the company’s stock, valued at approximately $1,389,000. World Investment Advisors owned about 0.22% of Idaho Strategic Resources at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Euro Pacific Asset Management LLC acquired a new position in Idaho Strategic Resources in the 4th quarter worth about $32,782,035,000. Vanguard Group Inc. increased its position in Idaho Strategic Resources by 10.6% in the 3rd quarter. Vanguard Group Inc. now owns 726,335 shares of the company’s stock worth $24,543,000 after purchasing an additional 69,639 shares during the last quarter. Van ECK Associates Corp acquired a new position in Idaho Strategic Resources in the 3rd quarter worth about $15,711,000. Geode Capital Management LLC increased its position 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 worth $3,736,000 after purchasing an additional 159,850 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. grew its holdings in Idaho Strategic Resources by 14.8% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 209,655 shares of the company’s stock valued at $7,084,000 after buying an additional 27,098 shares during the last quarter. 8.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Idaho Strategic Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. One equities 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.com, Idaho Strategic Resources has an average rating of “Strong Buy”.

Idaho Strategic Resources Price Performance

Idaho Strategic Resources stock opened at $38.19 on Friday. The business has a 50 day simple moving average of $38.26 and a 200 day simple moving average of $39.11. Idaho Strategic Resources, Inc. has a one year low of $12.25 and a one year high of $54.70. The company has a market capitalization of $603.78 million, a PE ratio of 26.89 and a beta of 1.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 13.96 and a quick ratio of 13.70.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). Idaho Strategic Resources had a net margin of 43.33% and a return on equity of 26.89%. The business had revenue of $14.48 million for the quarter, compared to analyst estimates of $14.30 million. On average, sell-side analysts forecast that Idaho Strategic Resources, Inc. will post 1.33 EPS for the current fiscal year.

Idaho Strategic Resources Company Profile

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.