Integra Resources (NYSEAMERICAN:ITRG) Raised to Moderate Buy at Cormark

Integra Resources (NYSEAMERICAN:ITRG) was upgraded by equities research analysts at Cormark to a “moderate buy” rating in a research report issued on Monday,Zacks.com reports.

ITRG has been the subject of a number of other research reports. Desjardins raised shares of Integra Resources to a “moderate buy” rating in a report on Thursday, October 31st. HC Wainwright reaffirmed a “buy” rating and set a $3.75 price objective on shares of Integra Resources in a research note on Thursday, October 31st.

Integra Resources Price Performance

Shares of Integra Resources stock opened at $0.96 on Monday. Integra Resources has a fifty-two week low of $0.64 and a fifty-two week high of $1.28. The company has a market capitalization of $84.92 million, a P/E ratio of -2.59 and a beta of 1.40.

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

Institutional Investors Weigh In On Integra Resources

A hedge fund recently raised its stake in Integra Resources stock. Equinox Partners Investment Management LLC raised its position in Integra Resources Corp. (NYSEAMERICAN:ITRG) by 26.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,815,130 shares of the company’s stock after purchasing an additional 1,857,264 shares during the quarter. Integra Resources accounts for approximately 5.2% of Equinox Partners Investment Management LLC’s holdings, making the stock its 6th largest holding. Equinox Partners Investment Management LLC owned 9.97% of Integra Resources worth $8,055,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 26.67% of the company’s stock.

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.