Idaho Strategic Resources (NYSEAMERICAN:IDR) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of €0.00 ($0.00) and traded as high as €17.67 ($19.21). Idaho Strategic Resources shares last traded at €17.66 ($19.20), with a volume of 155,600 shares.

Analysts Set New Price Targets

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

Idaho Strategic Resources Trading Down 3.3 %

The firm has a market capitalization of $221.23 million, a PE ratio of 43.77 and a beta of 0.80. The company has a current ratio of 6.01, a quick ratio of 5.58 and a debt-to-equity ratio of 0.07.

Idaho Strategic Resources (NYSEAMERICAN:IDR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The company reported €0.17 ($0.18) earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of €6.13 million during the quarter, compared to the consensus estimate of €5.20 million. As a group, analysts anticipate that Idaho Strategic Resources, Inc. will post 0.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Idaho Strategic Resources by 3.6% during the first quarter. Vanguard Group Inc. now owns 466,215 shares of the company's stock worth $3,944,000 after purchasing an additional 16,215 shares in the last quarter. WR Wealth Planners LLC boosted its holdings in Idaho Strategic Resources by 145.2% in 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 last quarter. Dimensional Fund Advisors LP purchased a new stake in Idaho Strategic Resources during the 2nd quarter worth approximately $108,000. Renaissance Technologies LLC raised its holdings in shares of 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. Finally, Brighton Jones LLC purchased a new position in shares of Idaho Strategic Resources in the second quarter valued at approximately $496,000. 8.70% of the stock is owned by institutional investors and hedge funds.

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.