Q3 Earnings Forecast for Integra Resources Issued By Cormark

Integra Resources Corp. (NYSEAMERICAN:ITRG) – Equities research analysts at Cormark issued their Q3 2024 earnings per share (EPS) estimates for shares of Integra Resources in a report issued on Monday, November 11th. Cormark analyst R. Gray forecasts that the company will earn ($0.04) per share for the quarter. Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for Integra Resources’ current full-year earnings is ($0.16) per share. Cormark also issued estimates for Integra Resources’ Q4 2024 earnings at $0.15 EPS, Q1 2025 earnings at $0.10 EPS, Q2 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.10 EPS, FY2025 earnings at $0.40 EPS, Q1 2026 earnings at $0.10 EPS, Q2 2026 earnings at $0.10 EPS, Q3 2026 earnings at $0.10 EPS and FY2026 earnings at $0.37 EPS.

A number of other research analysts have also issued reports on ITRG. HC Wainwright restated a “buy” rating and set a $3.75 price objective on shares of Integra Resources in a research report on Thursday, October 31st. Desjardins raised Integra Resources to a “moderate buy” rating in a report on Thursday, October 31st.

Integra Resources Stock Performance

Shares of NYSEAMERICAN ITRG opened at $0.93 on Thursday. Integra Resources has a 52-week low of $0.64 and a 52-week high of $1.28. The company has a market cap of $82.44 million, a price-to-earnings ratio of -2.52 and a beta of 1.40.

Integra Resources (NYSEAMERICAN:ITRG) last released its earnings results on Wednesday, August 14th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05).

Hedge Funds Weigh In On Integra Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its position in Integra Resources by 106.3% during the 2nd quarter. Renaissance Technologies LLC now owns 309,989 shares of the company’s stock worth $286,000 after purchasing an additional 159,709 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Integra Resources in the 3rd quarter worth about $1,189,000. Finally, Equinox Partners Investment Management LLC boosted its position in Integra Resources by 26.7% during the 2nd quarter. Equinox Partners Investment Management LLC now owns 8,815,130 shares of the company’s stock worth $8,055,000 after acquiring an additional 1,857,264 shares during the period. 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.