Cormark Increases Integra Resources (CVE:ITR) Price Target to C$5.00

Integra Resources (CVE:ITR) had its price objective boosted by Cormark from C$4.00 to C$5.00 in a research note issued to investors on Monday, Marketbeat.com reports. Cormark currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. Desjardins upgraded shares of Integra Resources to a “moderate buy” rating in a report on Thursday, October 31st. Raymond James raised their price objective on Integra Resources from C$2.50 to C$2.75 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th.

Integra Resources Stock Performance

Integra Resources stock opened at C$1.29 on Monday. Integra Resources has a 52-week low of C$0.86 and a 52-week high of C$1.75. The company has a debt-to-equity ratio of 29.05, a current ratio of 1.06 and a quick ratio of 1.49. The stock has a fifty day moving average price of C$1.39 and a two-hundred day moving average price of C$1.29. The firm has a market capitalization of C$114.11 million, a P/E ratio of -2.63 and a beta of 1.37.

Integra Resources (CVE:ITR) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.05). As a group, analysts anticipate that Integra Resources will post 0.1699752 EPS for the current fiscal year.

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.