HC Wainwright Issues Pessimistic Forecast for Integra Resources (NYSEAMERICAN:ITRG) Stock Price

Posted by Stacy Sanders on Jan 16th, 2025

Integra Resources (NYSEAMERICAN:ITRG – Free Report) had its price target lowered by HC Wainwright from $3.75 to $2.00 in a research note issued to investors on Wednesday,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

A number of other brokerages have also recently commented on ITRG. Cormark raised Integra Resources to a “moderate buy” rating in a research note on Monday, November 11th. Desjardins raised shares of Integra Resources to a “moderate buy” rating in a research note on Thursday, October 31st.

Read Our Latest Stock Report on ITRG

Integra Resources Stock Down 0.1 %

NYSEAMERICAN ITRG opened at $0.82 on Wednesday. The stock has a market cap of $138.23 million, a price-to-earnings ratio of -2.48 and a beta of 1.35. Integra Resources has a 12-month low of $0.64 and a 12-month high of $1.28.

Institutional Investors Weigh In On Integra Resources

A hedge fund recently raised its stake in Integra Resources stock. Renaissance Technologies LLC lifted its holdings in shares of Integra Resources Corp. (NYSEAMERICAN:ITRG – Free Report) by 106.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 309,989 shares of the company’s stock after acquiring an additional 159,709 shares during the quarter. Renaissance Technologies LLC owned approximately 0.35% of Integra Resources worth $286,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 26.67% of the company’s stock.

About Integra Resources

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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.