Analysts Set Expectations for Integra Resources Q3 Earnings

Integra Resources Corp. (NYSEAMERICAN:ITRG) – Equities researchers at Cormark issued their Q3 2024 earnings per share estimates for shares of Integra Resources in a research report issued on Monday, November 11th. Cormark analyst R. Gray forecasts that the company will earn ($0.04) per share for the quarter. Cormark currently has a “Moderate Buy” rating on the stock. The consensus estimate for Integra Resources’ current full-year earnings is ($0.16) per share. Cormark also issued estimates for Integra Resources’ Q4 2024 earnings at $0.15 EPS, Q1 2025 earnings at $0.10 EPS, Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.10 EPS, FY2025 earnings at $0.40 EPS, Q1 2026 earnings at $0.10 EPS, Q2 2026 earnings at $0.10 EPS, Q3 2026 earnings at $0.10 EPS and FY2026 earnings at $0.37 EPS.

Other research analysts have also recently issued research reports about the stock. Desjardins upgraded shares of Integra Resources to a “moderate buy” rating in a report on Thursday, October 31st. HC Wainwright reissued a “buy” rating and issued a $3.75 target price on shares of Integra Resources in a report on Thursday, October 31st.

Integra Resources Trading Down 3.4 %

Integra Resources stock opened at $0.90 on Thursday. The company has a market cap of $79.61 million, a price-to-earnings ratio of -2.43 and a beta of 1.40. Integra Resources has a 52-week low of $0.64 and a 52-week high of $1.28.

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

Institutional Trading of Integra Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in ITRG. Renaissance Technologies LLC boosted its holdings in shares of Integra Resources by 106.3% in the second quarter. Renaissance Technologies LLC now owns 309,989 shares of the company’s stock valued at $286,000 after acquiring an additional 159,709 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in Integra Resources during the 3rd quarter worth approximately $1,189,000. Finally, Equinox Partners Investment Management LLC raised its stake in shares of Integra Resources by 26.7% during the 2nd quarter. Equinox Partners Investment Management LLC now owns 8,815,130 shares of the company’s stock worth $8,055,000 after buying an additional 1,857,264 shares in the last quarter. 26.67% of the stock is owned by hedge funds and other institutional investors.

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.