Montrusco Bolton Investments Inc. Sells 1,343,708 Shares of Integra Resources Corp. $ITRG

Montrusco Bolton Investments Inc. trimmed its holdings in Integra Resources Corp. (NYSEAMERICAN:ITRG) by 47.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,476,686 shares of the company’s stock after selling 1,343,708 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Integra Resources were worth $3,838,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Castleview Partners LLC boosted its stake in shares of Integra Resources by 23.1% during the 3rd quarter. Castleview Partners LLC now owns 32,000 shares of the company’s stock worth $82,000 after acquiring an additional 6,000 shares during the period. Engineers Gate Manager LP increased its holdings in shares of Integra Resources by 21.7% during the 2nd quarter. Engineers Gate Manager LP now owns 56,508 shares of the company’s stock worth $128,000 after acquiring an additional 10,093 shares during the last quarter. Pale Fire Capital SE bought a new stake in Integra Resources in the 2nd quarter valued at $2,395,000. GTS Securities LLC bought a new stake in Integra Resources in the 2nd quarter valued at $26,000. Finally, Van ECK Associates Corp lifted its holdings in Integra Resources by 2.8% during the 2nd quarter. Van ECK Associates Corp now owns 4,916,009 shares of the company’s stock valued at $11,150,000 after purchasing an additional 131,947 shares during the last quarter. 26.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on ITRG shares. HC Wainwright reaffirmed a “buy” rating and set a $6.75 price objective on shares of Integra Resources in a research report on Wednesday, August 12th. Zacks Research raised shares of Integra Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 25th. Finally, Roth Capital set a $5.00 target price on shares of Integra Resources in a research note on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Integra Resources presently has an average rating of “Moderate Buy” and an average price target of $7.00.

Integra Resources Stock Performance

ITRG stock traded down $0.08 during mid-day trading on Tuesday, hitting $2.48. 2,115,895 shares of the company were exchanged, compared to its average volume of 2,762,612. The business has a 50 day simple moving average of $2.71 and a 200-day simple moving average of $2.61. The company has a current ratio of 5.31, a quick ratio of 3.42 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $503.14 million, a PE ratio of 62.02 and a beta of 0.86. Integra Resources Corp. has a 1-year low of $1.99 and a 1-year high of $4.87.

Integra Resources (NYSEAMERICAN:ITRG) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Integra Resources had a return on equity of 26.86% and a net margin of 4.14%. The firm had revenue of $69.42 million for the quarter, compared to the consensus estimate of $82.69 million. On average, equities analysts forecast that Integra Resources Corp. will post 0.27 earnings per share for the current year.

Integra Resources Profile

Integra Resources Corp. is a precious metals exploration and development company focused on advancing gold and silver projects in the United States. The company’s primary asset is the DeLamar Project in southwestern Idaho, which includes the DeLamar and Florida Mountain deposits in Owyhee County.

DeLamar is a past-producing mining district with existing mineral resources and infrastructure from historical operations. Integra is evaluating the project’s potential through exploration, technical studies, permitting and mine-development planning, with the goal of establishing a modern open-pit mining and processing operation.