Renaissance Technologies LLC Purchases New Shares in Idaho Strategic Resources, Inc. $IDR

Renaissance Technologies LLC purchased a new position in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 21,048 shares of the company’s stock, valued at approximately $676,000.

A number of other institutional investors have also added to or reduced their stakes in IDR. Caitong International Asset Management Co. Ltd purchased a new position in Idaho Strategic Resources during the fourth quarter valued at $38,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Idaho Strategic Resources in the 4th quarter worth about $40,000. International Assets Investment Management LLC grew its position in shares of Idaho Strategic Resources by 100.0% in the 1st quarter. International Assets Investment Management LLC now owns 1,000 shares of the company’s stock worth $34,000 after buying an additional 500 shares during the period. Global Assets Advisory LLC bought a new position in shares of Idaho Strategic Resources in the 1st quarter worth about $45,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Idaho Strategic Resources in the 3rd quarter worth about $47,000. Institutional investors own 8.70% of the company’s stock.

Idaho Strategic Resources Stock Performance

Shares of IDR opened at $31.89 on Monday. The company has a quick ratio of 11.66, a current ratio of 12.17 and a debt-to-equity ratio of 0.01. The stock has a market cap of $504.82 million, a P/E ratio of 21.99 and a beta of 1.23. The business’s 50 day moving average price is $32.03 and its 200-day moving average price is $36.11. Idaho Strategic Resources, Inc. has a 52 week low of $22.31 and a 52 week high of $54.70.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The company had revenue of $10.73 million for the quarter, compared to the consensus estimate of $12.50 million. Idaho Strategic Resources had a net margin of 44.00% and a return on equity of 20.81%. Equities research analysts anticipate that Idaho Strategic Resources, Inc. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Idaho Strategic Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Idaho Strategic Resources presently has an average rating of “Moderate Buy”.

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.