Idaho Strategic Resources FY2024 EPS Reduced by Roth Capital

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) – Equities research analysts at Roth Capital dropped their FY2024 earnings per share estimates for Idaho Strategic Resources in a research note issued on Tuesday, November 5th. Roth Capital analyst M. Niehuser now forecasts that the company will post earnings per share of $0.71 for the year, down from their previous forecast of $0.77. The consensus estimate for Idaho Strategic Resources’ current full-year earnings is $0.77 per share.

Separately, Roth Mkm lifted their price target on shares of Idaho Strategic Resources from $10.00 to $14.00 and gave the company a “buy” rating in a report on Monday, August 26th.

Idaho Strategic Resources Stock Performance

Shares of NYSEAMERICAN IDR opened at €12.01 ($13.20) on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.52 and a quick ratio of 5.58. The company has a market cap of $164.06 million, a PE ratio of 23.55 and a beta of 0.81. Idaho Strategic Resources has a 1 year low of €4.75 ($5.22) and a 1 year high of €18.35 ($20.16).

Idaho Strategic Resources (NYSEAMERICAN:IDR) last announced its quarterly earnings data on Monday, November 4th. The company reported €0.15 ($0.16) EPS for the quarter, missing analysts’ consensus estimates of €0.21 ($0.23) by (€0.06) (($0.07)). The company had revenue of €6.15 million for the quarter, compared to analysts’ expectations of €7.40 million. Idaho Strategic Resources had a return on equity of 24.55% and a net margin of 30.44%.

Hedge Funds Weigh In On Idaho Strategic Resources

Institutional investors have recently made changes to their positions in the stock. WR Wealth Planners LLC grew its holdings in Idaho Strategic Resources by 145.2% in the 2nd quarter. WR Wealth Planners LLC now owns 3,923 shares of the company’s stock worth $39,000 after buying an additional 2,323 shares in the last quarter. Eastern Bank acquired a new position in Idaho Strategic Resources during the 3rd quarter worth $40,000. Dimensional Fund Advisors LP acquired a new position in shares of Idaho Strategic Resources during the second quarter valued at $108,000. Brighton Jones LLC bought a new stake in shares of Idaho Strategic Resources during the second quarter valued at about $496,000. Finally, Renaissance Technologies LLC grew its position in Idaho Strategic Resources by 24.7% in the 2nd quarter. Renaissance Technologies LLC now owns 60,750 shares of the company’s stock valued at $599,000 after buying an additional 12,050 shares in the last quarter. 8.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Idaho Strategic Resources news, CEO John Swallow sold 225,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of €13.04 ($14.33), for a total transaction of €2,934,000.00 ($3,224,175.82). Following the transaction, the chief executive officer now directly owns 955,248 shares in the company, valued at €12,456,433.92 ($13,688,388.92). This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 12.66% of the stock is owned by company insiders.

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.