Cormark Upgrades Integra Resources (NYSEAMERICAN:ITRG) to “Moderate Buy”

Cormark upgraded shares of Integra Resources (NYSEAMERICAN:ITRG) to a moderate buy rating in a report issued on Monday morning,Zacks.com reports. Cormark also issued estimates for Integra Resources’ Q3 2024 earnings at ($0.04) EPS, Q4 2024 earnings at $0.15 EPS, Q1 2025 earnings at $0.10 EPS, Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.10 EPS, FY2025 earnings at $0.40 EPS, Q1 2026 earnings at $0.10 EPS, Q2 2026 earnings at $0.10 EPS, Q3 2026 earnings at $0.10 EPS and FY2026 earnings at $0.37 EPS.

A number of other equities analysts have also issued reports on ITRG. Desjardins upgraded shares of Integra Resources to a “moderate buy” rating in a research report on Thursday, October 31st. HC Wainwright reaffirmed a “buy” rating and issued a $3.75 price target on shares of Integra Resources in a research note on Thursday, October 31st.

Integra Resources Price Performance

Shares of ITRG stock opened at $0.90 on Monday. The company has a market capitalization of $79.61 million, a P/E ratio of -2.43 and a beta of 1.40. Integra Resources has a 12-month low of $0.64 and a 12-month high of $1.28.

Integra Resources (NYSEAMERICAN:ITRG) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). Equities research analysts forecast that Integra Resources will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Equinox Partners Investment Management LLC boosted its holdings in Integra Resources by 26.7% during the second quarter. Equinox Partners Investment Management LLC now owns 8,815,130 shares of the company’s stock worth $8,055,000 after buying an additional 1,857,264 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Integra Resources by 106.3% in the second quarter. Renaissance Technologies LLC now owns 309,989 shares of the company’s stock valued at $286,000 after buying an additional 159,709 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Integra Resources during the 3rd quarter valued at $1,189,000. 26.67% of the stock is owned by institutional investors and hedge funds.

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.