Navellier & Associates Inc. Buys New Stake in Integra Resources Corp. $ITRG

Navellier & Associates Inc. purchased a new stake in Integra Resources Corp. (NYSEAMERICAN:ITRG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 203,738 shares of the company’s stock, valued at approximately $817,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. U S Global Investors Inc. raised its position in shares of Integra Resources by 824.1% during the 4th quarter. U S Global Investors Inc. now owns 1,386,127 shares of the company’s stock worth $5,558,000 after acquiring an additional 1,236,127 shares in the last quarter. Quantbot Technologies LP purchased a new position in Integra Resources in the third quarter valued at approximately $673,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Integra Resources during the third quarter worth approximately $42,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of Integra Resources during the 3rd quarter worth approximately $58,000. Finally, SG Americas Securities LLC acquired a new position in shares of Integra Resources in the 3rd quarter valued at $104,000. 26.67% of the stock is owned by institutional investors and hedge funds.

Integra Resources Stock Up 7.9%

ITRG stock opened at $2.86 on Thursday. The company has a fifty day moving average price of $3.15 and a 200 day moving average price of $3.47. Integra Resources Corp. has a 12 month low of $1.41 and a 12 month high of $4.87. The company has a market cap of $578.44 million, a price-to-earnings ratio of -286.00 and a beta of 0.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.52 and a quick ratio of 1.94.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ITRG. HC Wainwright reissued a “buy” rating and issued a $7.00 price target on shares of Integra Resources in a research report on Monday, April 27th. Canaccord Genuity Group began coverage on Integra Resources in a report on Monday, January 12th. They issued a “moderate buy” rating and a $9.25 target price for the company. Finally, Roth Mkm set a $7.00 price target on Integra Resources in a research note on Tuesday, January 27th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $7.75.

Integra Resources Profile

Integra Resources Corp. is a mineral exploration and development company focused on the acquisition, characterization and advancement of precious metals projects in North America. The company’s flagship asset is the DeLamar Gold-Silver Project in southwestern Idaho, a historic mining district that produced both gold and silver from the late 19th century through the mid-20th century. Integra’s business model emphasizes resource delineation, metallurgical optimization and progression through permitting and engineering phases toward potential production.

Since its incorporation in 2017, Integra Resources has undertaken multiple drilling campaigns and metallurgical studies aimed at upgrading and expanding the known mineral inventory at DeLamar.