Integra Resources (CVE:ITR) Shares Up 3.2%

Integra Resources Corp. (CVE:ITR)’s share price shot up 3.2% during trading on Thursday . The stock traded as high as C$1.30 and last traded at C$1.28. 95,100 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 104,830 shares. The stock had previously closed at C$1.24.

Wall Street Analyst Weigh In

Several research firms have weighed in on ITR. Raymond James boosted their target price on shares of Integra Resources from C$2.50 to C$2.75 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Desjardins boosted their price objective on shares of Integra Resources from C$3.75 to C$4.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Ventum Financial reduced their target price on Integra Resources from C$3.05 to C$3.00 in a research note on Tuesday, May 28th.

Integra Resources Stock Performance

The company has a debt-to-equity ratio of 29.05, a quick ratio of 1.49 and a current ratio of 1.06. The company has a market cap of C$113.23 million, a price-to-earnings ratio of -2.67 and a beta of 1.37. The company’s fifty day moving average is C$1.27 and its two-hundred day moving average is C$1.19.

Integra Resources (CVE:ITR) last issued its earnings results on Wednesday, August 14th. The company reported C($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.05) by C($0.05). On average, research analysts anticipate that Integra Resources Corp. will post 0.0299555 EPS for the current year.

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.