Integra Resources (NYSEMKT:ITRG) PT Lowered to C$4.75 at Stifel Nicolaus

Integra Resources (NYSEMKT:ITRGGet Rating) had its price objective decreased by equities research analysts at Stifel Nicolaus from C$5.25 to C$4.75 in a report released on Thursday, The Fly reports.

A number of other analysts have also recently weighed in on ITRG. Raymond James decreased their target price on shares of Integra Resources from C$5.50 to C$4.50 in a research note on Friday, April 22nd. HC Wainwright reissued a “buy” rating and issued a $6.75 price objective on shares of Integra Resources in a research note on Thursday.

ITRG traded down $0.06 during trading on Thursday, hitting $0.94. 63,700 shares of the stock traded hands, compared to its average volume of 49,003. The firm has a market cap of $58.72 million, a P/E ratio of -1.71 and a beta of 1.85. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.89 and a current ratio of 1.89. The business’s fifty day moving average is $1.07 and its 200 day moving average is $1.53.

A number of institutional investors and hedge funds have recently modified their holdings of ITRG. Ruffer LLP boosted its position in Integra Resources by 24.8% during the first quarter. Ruffer LLP now owns 2,014,579 shares of the company’s stock valued at $2,909,000 after acquiring an additional 400,000 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Integra Resources by 362.5% during the first quarter. Renaissance Technologies LLC now owns 432,900 shares of the company’s stock valued at $619,000 after purchasing an additional 339,300 shares during the period. Raffles Associates LP raised its holdings in shares of Integra Resources by 63.7% during the fourth quarter. Raffles Associates LP now owns 257,007 shares of the company’s stock valued at $553,000 after purchasing an additional 100,000 shares during the period. Virtu Financial LLC acquired a new position in shares of Integra Resources during the first quarter valued at about $55,000. Finally, UBS Group AG acquired a new position in shares of Integra Resources during the first quarter valued at about $30,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Integra Resources Company Profile (Get Rating)

Integra Resources Corp., a mineral resources company, engages in the acquisition, exploration, and development of mineral properties in the Americas. It primarily focuses on the development of DeLamar project that consists of DeLamar and Florida Mountain gold and silver deposits comprising 790 unpatented lode, placer, and millsite claims, as well as 16 tax parcels covering an area of approximately 8,673 hectares located in the Owyhee County, south western Idaho.

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