Idaho Strategic Resources (NYSEAMERICAN:IDR) Issues Earnings Results

Idaho Strategic Resources (NYSEAMERICAN:IDR) released its earnings results on Monday. The company reported €0.15 ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of €0.21 ($0.23) by (€0.06) (($0.07)), Zacks reports. Idaho Strategic Resources had a net margin of 30.44% and a return on equity of 27.43%. The business had revenue of €6.15 million for the quarter, compared to analyst estimates of €7.40 million.

Idaho Strategic Resources Price Performance

Shares of IDR traded down €0.80 ($0.88) during mid-day trading on Wednesday, hitting €13.13 ($14.43). 344,800 shares of the company’s stock were exchanged, compared to its average volume of 105,293. The stock has a market capitalization of $170.16 million, a P/E ratio of 25.75 and a beta of 0.81. Idaho Strategic Resources has a 52 week low of €4.75 ($5.22) and a 52 week high of €18.35 ($20.16). The company has a quick ratio of 5.58, a current ratio of 6.01 and a debt-to-equity ratio of 0.07.

Analysts Set New Price Targets

Separately, Roth Mkm increased their price target on shares of Idaho Strategic Resources from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, August 26th.

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.