Idaho Strategic Resources Q3 EPS Boosted by Roth Capital

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Free Report) - Equities researchers at Roth Capital increased their Q3 2024 EPS estimates for Idaho Strategic Resources in a report issued on Wednesday, October 16th. Roth Capital analyst M. Niehuser now expects that the company will post earnings of $0.21 per share for the quarter, up from their prior estimate of $0.20. The consensus estimate for Idaho Strategic Resources' current full-year earnings is $0.72 per share. Roth Capital also issued estimates for Idaho Strategic Resources' Q4 2024 earnings at $0.22 EPS, FY2024 earnings at $0.77 EPS, Q1 2025 earnings at $0.20 EPS, Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.19 EPS and FY2025 earnings at $0.77 EPS.

Idaho Strategic Resources (NYSEAMERICAN:IDR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The company reported €0.17 ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of €0.07 ($0.08) by €0.10 ($0.11). Idaho Strategic Resources had a net margin of 26.69% and a return on equity of 22.07%. The company had revenue of €6.13 million for the quarter, compared to analysts' expectations of €5.20 million.

Separately, Roth Mkm boosted their target price on 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 Price Performance

Shares of NYSEAMERICAN IDR traded up €0.17 ($0.18) during midday trading on Thursday, hitting €16.87 ($18.34). 230,000 shares of the company traded hands, compared to its average volume of 93,729. Idaho Strategic Resources has a 12-month low of €4.75 ($5.16) and a 12-month high of €17.25 ($18.75). The company has a debt-to-equity ratio of 0.07, a current ratio of 6.01 and a quick ratio of 5.58. The stock has a market capitalization of $218.64 million, a P/E ratio of 43.26 and a beta of 0.80.

Institutional Trading of Idaho Strategic Resources

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Idaho Strategic Resources by 3.6% during the first quarter. Vanguard Group Inc. now owns 466,215 shares of the company's stock valued at $3,944,000 after acquiring an additional 16,215 shares during the last quarter. Renaissance Technologies LLC increased its position in Idaho Strategic Resources by 24.7% during the second quarter. Renaissance Technologies LLC now owns 60,750 shares of the company's stock valued at $599,000 after acquiring an additional 12,050 shares during the last quarter. Brighton Jones LLC purchased a new stake in Idaho Strategic Resources in the second quarter worth about $496,000. Salem Investment Counselors Inc. increased its position in Idaho Strategic Resources by 30.0% in the first quarter. Salem Investment Counselors Inc. now owns 17,354 shares of the company's stock worth $147,000 after buying an additional 4,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in Idaho Strategic Resources in the second quarter worth about $108,000. Hedge funds and other institutional investors own 8.70% of the company's stock.

About Idaho Strategic Resources

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.