Integra Resources FY2024 EPS Increased by HC Wainwright

Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) - Analysts at HC Wainwright upped their FY2024 earnings per share (EPS) estimates for shares of Integra Resources in a note issued to investors on Thursday, October 31st. HC Wainwright analyst H. Ihle now anticipates that the company will earn ($0.29) per share for the year, up from their previous estimate of ($0.36). HC Wainwright has a "Buy" rating and a $3.75 price target on the stock. The consensus estimate for Integra Resources' current full-year earnings is ($0.18) per share. HC Wainwright also issued estimates for Integra Resources' FY2025 earnings at ($0.31) EPS.

Integra Resources (NYSEAMERICAN:ITRG - Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.05).

Separately, Desjardins upgraded Integra Resources to a "moderate buy" rating in a report on Thursday.

Integra Resources Trading Down 2.7 %

Shares of NYSEAMERICAN ITRG traded down $0.03 during mid-day trading on Monday, reaching $1.08. 324,961 shares of the company's stock were exchanged, compared to its average volume of 158,558. The stock has a market cap of $95.54 million, a PE ratio of -3.00 and a beta of 1.40. Integra Resources has a 52-week low of $0.64 and a 52-week high of $1.28.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Integra Resources stock. Equinox Partners Investment Management LLC raised its stake in Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) by 26.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,815,130 shares of the company's stock after purchasing an additional 1,857,264 shares during the quarter. Integra Resources accounts for 5.2% of Equinox Partners Investment Management LLC's investment portfolio, making the stock its 6th biggest holding. Equinox Partners Investment Management LLC owned about 9.97% of Integra Resources worth $8,055,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 26.67% of the company's stock.

About Integra Resources

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.