HC Wainwright Begins Coverage on Integra Resources (NYSEMKT:ITRG)

HC Wainwright began coverage on shares of Integra Resources (NYSEMKT:ITRG) in a research report released on Monday morning, The Fly reports. The firm issued a buy rating and a $7.25 target price on the stock.

ITRG has been the subject of a number of other reports. Stifel Nicolaus started coverage on shares of Integra Resources in a report on Thursday, May 20th. They issued a buy rating for the company. Zacks Investment Research lowered shares of Integra Resources from a hold rating to a sell rating in a research note on Tuesday, April 13th. Finally, Desjardins started coverage on shares of Integra Resources in a research note on Friday, May 21st. They set a buy rating for the company. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Integra Resources has a consensus rating of Buy and an average price target of $7.25.

Shares of NYSEMKT:ITRG opened at $3.35 on Monday. The company has a current ratio of 4.48, a quick ratio of 4.48 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $183.58 million, a PE ratio of -6.98 and a beta of 1.68.

A number of institutional investors have recently modified their holdings of ITRG. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Integra Resources by 10.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,006,485 shares of the company’s stock worth $2,723,000 after buying an additional 96,112 shares during the period. Royal Bank of Canada boosted its holdings in Integra Resources by 0.3% in the 1st quarter. Royal Bank of Canada now owns 2,049,748 shares of the company’s stock worth $5,555,000 after buying an additional 5,414 shares during the period. Polygon Management Ltd. boosted its holdings in Integra Resources by 84.4% in the 1st quarter. Polygon Management Ltd. now owns 830,055 shares of the company’s stock worth $2,247,000 after buying an additional 380,000 shares during the period. Finally, Merk Investments LLC bought a new position in Integra Resources in the 1st quarter worth $649,000. 24.68% of the stock is owned by institutional investors.

About Integra Resources

Integra Resources Corp., a mineral resources company, engages in the acquisition, exploration, and development of mineral properties in the Americas. The company primarily focuses on the development of DeLamar project that consists of DeLamar and Florida Mountain gold and silver deposits comprising 748 unpatented lode, placer, and millsite claims, as well as 16 tax parcels covering an area of approximately 8,100 hectares located in the Owyhee County, south western Idaho.

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