Cormark Forecasts Strong Price Appreciation for Integra Resources (CVE:ITR) Stock

Integra Resources (CVE:ITR) had its price target increased by analysts at Cormark from C$4.00 to C$5.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Cormark’s target price would suggest a potential upside of 284.62% from the stock’s current price.

Several other research analysts also recently weighed in on the company. Raymond James increased their price target on Integra Resources from C$2.50 to C$2.75 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Desjardins upgraded shares of Integra Resources to a “moderate buy” rating in a research note on Thursday, October 31st.

Integra Resources Price Performance

Shares of CVE ITR opened at C$1.30 on Monday. The company has a market capitalization of C$115.00 million, a PE ratio of -2.80 and a beta of 1.37. The company has a quick ratio of 1.49, a current ratio of 1.06 and a debt-to-equity ratio of 29.05. The stock’s 50 day moving average price is C$1.39 and its 200-day moving average price is C$1.29. Integra Resources has a twelve month low of C$0.86 and a twelve month high of C$1.75.

Integra Resources (CVE:ITR) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.05). On average, equities analysts anticipate that Integra Resources will post 0.1699752 EPS for the current year.

Integra Resources Company Profile

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.