Insider Selling: Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Insider Sells 7,746 Shares of Stock

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) insider Monique D. Hayes sold 7,746 shares of Idaho Strategic Resources stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of €11.51 ($12.24), for a total value of €89,156.46 ($94,847.30). Following the sale, the insider now directly owns 27,670 shares of the company’s stock, valued at approximately €318,481.70 ($338,810.32). This trade represents a 21.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Idaho Strategic Resources Price Performance

Shares of NYSEAMERICAN IDR traded down €0.16 ($0.17) during midday trading on Friday, reaching €11.42 ($12.15). 55,788 shares of the company’s stock traded hands, compared to its average volume of 114,918. The company has a market cap of $156.00 million, a PE ratio of 21.61 and a beta of 0.81. Idaho Strategic Resources, Inc. has a one year low of €4.84 ($5.15) and a one year high of €18.35 ($19.52). The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.15 and a current ratio of 5.52.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last announced its quarterly earnings results on Monday, November 4th. The company reported €0.15 ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of €0.21 ($0.22) by (€0.06) (($0.06)). The company had revenue of €6.15 million during the quarter, compared to analysts’ expectations of €7.40 million. Idaho Strategic Resources had a net margin of 30.44% and a return on equity of 24.55%. Sell-side analysts forecast that Idaho Strategic Resources, Inc. will post 0.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Roth Mkm lifted their price objective on Idaho Strategic Resources from $10.00 to $14.00 and gave the company a “buy” rating in a report on Monday, August 26th.

Hedge Funds Weigh In On Idaho Strategic Resources

A number of large investors have recently added to or reduced their stakes in IDR. Vanguard Group Inc. raised its stake in Idaho Strategic Resources by 3.6% in the first quarter. Vanguard Group Inc. now owns 466,215 shares of the company’s stock valued at $3,944,000 after buying an additional 16,215 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Idaho Strategic Resources by 24.7% in the 2nd quarter. Renaissance Technologies LLC now owns 60,750 shares of the company’s stock valued at $599,000 after purchasing an additional 12,050 shares during the last quarter. Brighton Jones LLC acquired a new stake in Idaho Strategic Resources in the 2nd quarter worth approximately $496,000. Navellier & Associates Inc. grew its position in Idaho Strategic Resources by 104.6% during the 3rd quarter. Navellier & Associates Inc. now owns 49,817 shares of the company’s stock worth $801,000 after purchasing an additional 25,469 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new position in Idaho Strategic Resources during the 3rd quarter valued at approximately $417,000. 8.70% of the stock is currently owned by institutional investors.

Idaho Strategic Resources Company Profile

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.