Idaho Strategic Resources (NYSEAMERICAN:IDR) Issues Quarterly Earnings Results

Idaho Strategic Resources (NYSEAMERICAN:IDR) issued its quarterly earnings data on Thursday. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01), FiscalAI reports. Idaho Strategic Resources had a return on equity of 21.86% and a net margin of 44.00%.The company had revenue of $10.73 million for the quarter, compared to analyst estimates of $12.50 million.

Idaho Strategic Resources Price Performance

Shares of IDR stock opened at $31.89 on Friday. The firm has a fifty day simple moving average of $32.03 and a 200-day simple moving average of $36.15. The company has a market capitalization of $504.18 million, a PE ratio of 21.99 and a beta of 1.23. Idaho Strategic Resources has a twelve month low of $22.31 and a twelve month high of $54.70. The company has a current ratio of 12.77, a quick ratio of 12.48 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Idaho Strategic Resources

A number of institutional investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new position in Idaho Strategic Resources in the third quarter valued at about $47,000. Russell Investments Group Ltd. purchased a new stake in Idaho Strategic Resources during the 3rd quarter worth approximately $48,000. Kestra Advisory Services LLC purchased a new stake in Idaho Strategic Resources during the 4th quarter worth approximately $66,000. JPMorgan Chase & Co. acquired a new position in shares of Idaho Strategic Resources in the 2nd quarter valued at approximately $78,000. Finally, BNP Paribas Financial Markets raised its position in shares of Idaho Strategic Resources by 135.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,513 shares of the company’s stock valued at $85,000 after purchasing an additional 1,444 shares in the last quarter. Institutional investors and hedge funds own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Idaho Strategic Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Idaho Strategic Resources presently has a consensus rating of “Moderate Buy”.

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.