Integra Resources (CVE:ITR) Stock Price Expected to Rise, Cormark Analyst Says

Integra Resources (CVE:ITR - Get Free Report) had its price objective boosted by equities research analysts at Cormark from C$4.00 to C$5.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Cormark's target price indicates a potential upside of 264.96% from the stock's previous close.

Several other research firms have also recently issued reports on ITR. Raymond James raised their price target on Integra Resources from C$2.50 to C$2.75 and gave the company an "outperform" rating in a report on Tuesday, July 30th. Desjardins upgraded Integra Resources to a "moderate buy" rating in a research report on Thursday, October 31st.

Integra Resources Price Performance

Shares of Integra Resources stock traded down C$0.06 during trading hours on Monday, reaching C$1.37. The company's stock had a trading volume of 127,492 shares, compared to its average volume of 110,771. Integra Resources has a one year low of C$0.86 and a one year high of C$1.75. The firm has a 50 day moving average price of C$1.39 and a 200-day moving average price of C$1.28. The company has a debt-to-equity ratio of 29.05, a current ratio of 1.06 and a quick ratio of 1.49. The stock has a market cap of C$121.19 million, a P/E ratio of -2.80 and a beta of 1.37.

Integra Resources (CVE:ITR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The company reported C($0.10) earnings per share for the quarter, missing the consensus estimate of C($0.05) by C($0.05). On average, analysts predict that Integra Resources will post 0.1699752 EPS for the current year.

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.

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