Integra Resources (CVE:ITR) Price Target Raised to C$5.00

Integra Resources (CVE:ITR) had its price objective increased by Cormark from C$4.00 to C$5.00 in a research note released on Monday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

A number of other analysts have also weighed in on ITR. Desjardins raised shares of Integra Resources to a “moderate buy” rating in a research note on Thursday, October 31st. Raymond James boosted their price objective on Integra Resources from C$2.50 to C$2.75 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th.

Integra Resources Trading Down 0.8 %

CVE ITR opened at C$1.29 on Monday. The company’s fifty day moving average price is C$1.39 and its two-hundred day moving average price is C$1.29. The company has a market capitalization of C$114.11 million, a price-to-earnings ratio of -2.63 and a beta of 1.37. Integra Resources has a 12 month low of C$0.86 and a 12 month high of C$1.75. The company has a debt-to-equity ratio of 29.05, a current ratio of 1.06 and a quick ratio of 1.49.

Integra Resources (CVE:ITR) last announced its quarterly earnings results on Wednesday, August 14th. The company reported C($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.05) by C($0.05). As a group, research analysts predict that Integra Resources will post 0.1699752 earnings per share for the current fiscal year.

About Integra Resources

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.