HC Wainwright Comments on Integra Resources FY2024 Earnings

Integra Resources Corp. (NYSEAMERICAN:ITRG) – Stock analysts at HC Wainwright raised their FY2024 earnings estimates for shares of Integra Resources in a research report issued to clients and investors on Thursday, October 31st. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of ($0.29) per share for the year, up from their prior estimate of ($0.36). HC Wainwright has a “Buy” rating and a $3.75 price objective on the stock. The consensus estimate for Integra Resources’ current full-year earnings is ($0.18) per share. HC Wainwright also issued estimates for Integra Resources’ FY2025 earnings at ($0.31) EPS.

Separately, Desjardins upgraded shares of Integra Resources to a “moderate buy” rating in a research note on Thursday, October 31st.

Integra Resources Stock Performance

ITRG opened at $1.08 on Monday. Integra Resources has a fifty-two week low of $0.64 and a fifty-two week high of $1.28. The firm has a market cap of $95.54 million, a P/E ratio of -2.92 and a beta of 1.40.

Integra Resources (NYSEAMERICAN:ITRG) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05).

Institutional Trading of Integra Resources

An institutional investor recently raised its position in Integra Resources stock. Renaissance Technologies LLC boosted its position in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) by 106.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 309,989 shares of the company’s stock after purchasing an additional 159,709 shares during the period. Renaissance Technologies LLC owned about 0.35% of Integra Resources worth $286,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 26.67% of the company’s stock.

Integra Resources Company Profile

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.