Idaho Strategic Resources (NYSEAMERICAN:IDR) Price Target Raised to $17.50 at Roth Mkm

Idaho Strategic Resources (NYSEAMERICAN:IDR - Free Report) had its price objective upped by Roth Mkm from $16.50 to $17.50 in a research report released on Thursday,Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Idaho Strategic Resources Trading Down 3.1 %

IDR stock traded down €0.46 ($0.50) during midday trading on Thursday, hitting €14.55 ($15.82). The company's stock had a trading volume of 210,182 shares, compared to its average volume of 171,276. The stock has a market capitalization of $198.75 million, a P/E ratio of 28.53 and a beta of 0.80. The business has a 50-day simple moving average of €13.04. Idaho Strategic Resources has a 12 month low of €7.59 ($8.25) and a 12 month high of €18.35 ($19.95). The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.15 and a current ratio of 5.52.

Hedge Funds Weigh In On Idaho Strategic Resources

Hedge funds have recently modified their holdings of the company. Jefferies Financial Group Inc. bought a new position in shares of Idaho Strategic Resources during the fourth quarter worth $186,000. Squarepoint Ops LLC bought a new position in shares of Idaho Strategic Resources during the fourth quarter valued at approximately $270,000. Two Sigma Investments LP bought a new position in Idaho Strategic Resources in the 4th quarter valued at $204,000. OMERS ADMINISTRATION Corp purchased a new position in Idaho Strategic Resources in the 4th quarter worth about $332,000. Finally, Millennium Management LLC grew its stake in Idaho Strategic Resources by 169.6% in the fourth quarter. Millennium Management LLC now owns 120,768 shares of the company's stock worth $1,231,000 after purchasing an additional 75,969 shares in the last quarter. 8.70% of the stock is currently owned by institutional investors.

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.