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Cormark Increases Earnings Estimates for Integra Resources

Integra Resources logo with Basic Materials background

Integra Resources Corp. (NYSEAMERICAN:ITRG - Free Report) - Research analysts at Cormark increased their Q1 2025 earnings estimates for shares of Integra Resources in a report released on Thursday, April 3rd. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.09 for the quarter, up from their previous forecast of $0.06. The consensus estimate for Integra Resources' current full-year earnings is ($0.21) per share. Cormark also issued estimates for Integra Resources' FY2025 earnings at $0.26 EPS.

Separately, HC Wainwright boosted their price objective on shares of Integra Resources from $2.00 to $2.75 and gave the company a "buy" rating in a research report on Thursday, March 27th.

Read Our Latest Analysis on Integra Resources

Integra Resources Trading Up 14.8 %

Shares of Integra Resources stock traded up $0.20 on Monday, reaching $1.55. 2,526,214 shares of the stock were exchanged, compared to its average volume of 284,231. The company has a market cap of $261.28 million, a PE ratio of -4.70 and a beta of 1.37. Integra Resources has a one year low of $0.73 and a one year high of $1.66.

Institutional Investors Weigh In On Integra Resources

A number of hedge funds have recently made changes to their positions in ITRG. Mackenzie Financial Corp bought a new stake in Integra Resources during the 4th quarter worth $399,000. Millennium Management LLC acquired a new stake in shares of Integra Resources during the fourth quarter valued at about $39,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Integra Resources during the fourth quarter worth about $122,000. Citadel Advisors LLC increased its stake in shares of Integra Resources by 173.9% in the fourth quarter. Citadel Advisors LLC now owns 68,392 shares of the company's stock valued at $59,000 after buying an additional 43,421 shares during the period. Finally, Bank of America Corp DE raised its holdings in Integra Resources by 336.4% in the 4th quarter. Bank of America Corp DE now owns 46,697 shares of the company's stock valued at $41,000 after buying an additional 35,997 shares during the last quarter. 26.67% of the stock is currently owned by institutional investors and hedge funds.

Integra Resources Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Integra Resources (NYSEAMERICAN:ITRG)

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