Integra Resources (NYSEAMERICAN:ITRG) Posts Earnings Results, Hits Estimates

Integra Resources (NYSEAMERICAN:ITRG) released its earnings results on Wednesday. The company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06, Zacks reports. Integra Resources had a net margin of 12.21% and a return on equity of 22.51%. The firm had revenue of $72.40 million during the quarter, compared to analyst estimates of $71.37 million.

Integra Resources Stock Down 3.5%

Integra Resources stock traded down $0.07 during mid-day trading on Friday, reaching $1.77. The stock had a trading volume of 503,061 shares, compared to its average volume of 2,641,925. The company has a debt-to-equity ratio of 0.08, a current ratio of 5.31 and a quick ratio of 3.42. Integra Resources has a one year low of $1.80 and a one year high of $4.87. The company has a market capitalization of $360.11 million, a price-to-earnings ratio of 11.84 and a beta of 0.88. The company has a 50-day moving average price of $2.49 and a two-hundred day moving average price of $2.78.

Analyst Ratings Changes

A number of equities analysts recently commented on ITRG shares. Roth Capital reduced their price target on Integra Resources from $5.00 to $3.75 and set a “buy” rating for the company in a report on Friday. Citigroup reiterated a “reduce” rating on shares of Integra Resources in a report on Thursday. Zacks Research upgraded shares of Integra Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, HC Wainwright dropped their price objective on Integra Resources from $6.75 to $6.50 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $6.50.

About Integra Resources

Integra Resources Corp. is a Canadian mining company focused on exploring, developing and operating precious-metals projects in the western United States. Its activities include gold and silver production, project development and mineral exploration. The company operates the Florida Canyon Mine in Nevada and is advancing the DeLamar project in Idaho, a gold-and-silver development project. Integra also holds exploration properties in Nevada, including the Wildcat and Mountain View projects. Integra expanded its portfolio through its 2024 acquisition of Florida Canyon Gold, which brought the Florida Canyon operation into the company.