HC Wainwright Lifts Earnings Estimates for Integra Resources

Integra Resources Corp. (NYSEAMERICAN:ITRG) – Equities researchers at HC Wainwright boosted their FY2024 earnings per share (EPS) estimates for shares of Integra Resources in a report issued on Wednesday, January 15th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of ($0.28) for the year, up from their previous forecast of ($0.29). HC Wainwright has a “Buy” rating and a $2.00 price objective on the stock. The consensus estimate for Integra Resources’ current full-year earnings is ($0.16) per share.

Several other research firms have also issued reports on ITRG. Cormark upgraded shares of Integra Resources to a “moderate buy” rating in a report on Monday, November 11th. Desjardins raised Integra Resources to a “moderate buy” rating in a report on Thursday, October 31st.

Integra Resources Trading Down 0.3 %

NYSEAMERICAN:ITRG opened at $0.80 on Friday. The stock has a market capitalization of $134.55 million, a P/E ratio of -2.42 and a beta of 1.35. Integra Resources has a twelve month low of $0.64 and a twelve month high of $1.28.

Hedge Funds Weigh In On Integra Resources

An institutional investor recently bought a new position in Integra Resources stock. The Manufacturers Life Insurance Company acquired a new stake in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,217,846 shares of the company’s stock, valued at approximately $1,189,000. The Manufacturers Life Insurance Company owned approximately 1.38% of Integra Resources as of its most recent SEC filing. 26.67% of the stock is owned by institutional investors.

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.