Desjardins Upgrades Integra Resources (CVE:ITR) to “Moderate Buy”

Desjardins upgraded shares of Integra Resources (CVE:ITR) to a moderate buy rating in a research note issued to investors on Thursday morning, Zacks.com reports.

Separately, Raymond James upped their price target on Integra Resources from C$2.50 to C$2.75 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th.

Integra Resources Trading Down 0.6 %

Shares of CVE:ITR traded down C$0.01 during trading on Thursday, reaching C$1.54. 70,094 shares of the company were exchanged, compared to its average volume of 110,434. Integra Resources has a 12-month low of C$0.86 and a 12-month high of C$1.75. The firm has a market capitalization of C$136.23 million, a PE ratio of -3.14 and a beta of 1.37. The business’s fifty day simple moving average is C$1.37 and its 200-day simple moving average is C$1.27. The company has a debt-to-equity ratio of 29.05, a current ratio of 1.06 and a quick ratio of 1.49.

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

About Integra Resources

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.