Ruffer LLP Acquires 1,480,000 Shares of Integra Resources Corp. (NYSEAMERICAN:ITRG)

Ruffer LLP grew its stake in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG) by 89.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,126,053 shares of the company’s stock after acquiring an additional 1,480,000 shares during the period. Ruffer LLP owned about 1.85% of Integra Resources worth $2,697,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. MMCAP International Inc. SPC purchased a new stake in Integra Resources in the fourth quarter valued at approximately $270,000. The Manufacturers Life Insurance Company bought a new stake in shares of Integra Resources in the 3rd quarter worth approximately $1,189,000. Sprott Inc. lifted its position in Integra Resources by 107.6% in the 4th quarter. Sprott Inc. now owns 1,411,459 shares of the company’s stock valued at $1,227,000 after acquiring an additional 731,624 shares in the last quarter. Finally, Equinox Partners Investment Management LLC lifted its holdings in shares of Integra Resources by 4.4% during the 4th quarter. Equinox Partners Investment Management LLC now owns 9,190,138 shares of the company’s stock valued at $7,922,000 after buying an additional 386,675 shares during the period. Hedge funds and other institutional investors own 26.67% of the company’s stock.

Integra Resources Price Performance

NYSEAMERICAN ITRG opened at $1.10 on Friday. Integra Resources Corp. has a 1 year low of $0.69 and a 1 year high of $1.28. The firm has a market cap of $185.43 million, a P/E ratio of -3.33 and a beta of 1.37.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. HC Wainwright dropped their price objective on shares of Integra Resources from $3.75 to $2.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Cormark raised shares of Integra Resources to a “moderate buy” rating in a report on Monday, November 11th.

Integra Resources 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.