Integra Resources (NYSEAMERICAN:ITRG) Stock Rating Upgraded by Cormark

Integra Resources (NYSEAMERICAN:ITRG) was upgraded by Cormark to a “moderate buy” rating in a note issued to investors on Monday,Zacks.com reports.

Other research analysts have also issued reports about the company. HC Wainwright restated a “buy” rating and issued a $3.75 target price on shares of Integra Resources in a research note on Thursday, October 31st. Desjardins upgraded shares of Integra Resources to a “moderate buy” rating in a research note on Thursday, October 31st.

Integra Resources Price Performance

ITRG opened at $0.96 on Monday. The company has a market capitalization of $84.92 million, a PE ratio of -2.59 and a beta of 1.40. Integra Resources has a 1-year low of $0.64 and a 1-year high of $1.28.

Integra Resources (NYSEAMERICAN:ITRG) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). As a group, sell-side analysts predict that Integra Resources will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Integra Resources stock. Renaissance Technologies LLC boosted its holdings in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) by 106.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,989 shares of the company’s stock after purchasing an additional 159,709 shares during the period. Renaissance Technologies LLC owned 0.35% of Integra Resources worth $286,000 as of its most recent SEC filing. Institutional investors own 26.67% of the company’s stock.

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.