Raymond James Forecasts Lower Earnings for Integra Resources

Integra Resources Corp. (NYSEAMERICAN:ITRG) – Research analysts at Raymond James cut their FY2025 earnings per share estimates for shares of Integra Resources in a research report issued to clients and investors on Thursday, January 23rd. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.12 per share for the year, down from their previous forecast of $0.13. The consensus estimate for Integra Resources’ current full-year earnings is ($0.21) per share.

ITRG has been the topic of a number of other reports. Cormark upgraded Integra Resources to a “moderate buy” rating in a research report on Monday, November 11th. HC Wainwright reduced their price objective on Integra Resources from $3.75 to $2.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Finally, Desjardins upgraded Integra Resources to a “moderate buy” rating in a research note on Thursday, October 31st.

Integra Resources Stock Up 12.3 %

Shares of NYSEAMERICAN ITRG opened at $0.93 on Friday. Integra Resources has a 52-week low of $0.64 and a 52-week high of $1.28.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Integra Resources stock. Renaissance Technologies LLC increased its holdings in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) by 106.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 309,989 shares of the company’s stock after buying an additional 159,709 shares during the period. Renaissance Technologies LLC owned 0.35% of Integra Resources worth $286,000 at the end of the most recent quarter. Institutional investors and hedge funds own 26.67% of the company’s stock.

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.