Idaho Strategic Resources FY2024 EPS Decreased by Roth Capital

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Free Report) - Roth Capital reduced their FY2024 earnings per share (EPS) estimates for Idaho Strategic Resources in a research note issued on Tuesday, November 5th. Roth Capital analyst M. Niehuser now forecasts that the company will post earnings of $0.71 per share for the year, down from their prior estimate of $0.77. The consensus estimate for Idaho Strategic Resources' current full-year earnings is $0.77 per share.

Idaho Strategic Resources (NYSEAMERICAN:IDR - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported €0.15 ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of €0.21 ($0.23) by (€0.06) (($0.07)). Idaho Strategic Resources had a net margin of 30.44% and a return on equity of 27.43%. The company had revenue of €6.15 million during the quarter, compared to analyst estimates of €7.40 million.

Separately, Roth Mkm increased their price target on shares of Idaho Strategic Resources from $10.00 to $14.00 and gave the stock a "buy" rating in a report on Monday, August 26th.

Idaho Strategic Resources Trading Down 7.4 %

NYSEAMERICAN IDR traded down €0.96 ($1.05) during trading on Friday, reaching €12.01 ($13.20). The company's stock had a trading volume of 637,700 shares, compared to its average volume of 110,492. Idaho Strategic Resources has a twelve month low of €4.75 ($5.22) and a twelve month high of €18.35 ($20.16). The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.58 and a current ratio of 6.01. The firm has a market cap of $155.65 million, a PE ratio of 23.43 and a beta of 0.81.

Institutional Trading of Idaho Strategic Resources

A number of institutional investors have recently added to or reduced their stakes in the business. WR Wealth Planners LLC increased its stake in Idaho Strategic Resources by 145.2% during the 2nd quarter. WR Wealth Planners LLC now owns 3,923 shares of the company's stock worth $39,000 after buying an additional 2,323 shares during the period. Eastern Bank acquired a new position in shares of Idaho Strategic Resources in the third quarter worth about $40,000. Dimensional Fund Advisors LP purchased a new position in Idaho Strategic Resources in the second quarter valued at about $108,000. Brighton Jones LLC acquired a new stake in Idaho Strategic Resources during the 2nd quarter valued at approximately $496,000. Finally, Renaissance Technologies LLC raised its position in shares of Idaho Strategic Resources by 24.7% in the 2nd quarter. Renaissance Technologies LLC now owns 60,750 shares of the company's stock valued at $599,000 after purchasing an additional 12,050 shares in the last quarter. 8.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Idaho Strategic Resources news, CEO John Swallow sold 225,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of €13.04 ($14.33), for a total transaction of €2,934,000.00 ($3,224,175.82). Following the transaction, the chief executive officer now owns 955,248 shares of the company's stock, valued at €12,456,433.92 ($13,688,388.92). This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 12.66% of the stock is currently owned by company insiders.

Idaho Strategic Resources Company Profile

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.