Integra Resources (NYSEAMERICAN:ITRG) Price Target Cut to $2.00 by Analysts at HC Wainwright

Integra Resources (NYSEAMERICAN:ITRG) had its target price lowered by research analysts at HC Wainwright from $3.75 to $2.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s target price points to a potential upside of 143.61% from the stock’s current price.

ITRG has been the subject of a number of other research reports. Desjardins raised shares of Integra Resources to a “moderate buy” rating in a report on Thursday, October 31st. Cormark upgraded shares of Integra Resources to a “moderate buy” rating in a report on Monday, November 11th.

Integra Resources Price Performance

NYSEAMERICAN ITRG opened at $0.82 on Wednesday. Integra Resources has a one year low of $0.64 and a one year high of $1.28. The firm has a market capitalization of $138.40 million, a P/E ratio of -2.49 and a beta of 1.35.

Hedge Funds Weigh In On Integra Resources

An institutional investor recently raised its position in Integra Resources stock. Renaissance Technologies LLC raised its position in Integra Resources Corp. (NYSEAMERICAN:ITRG) by 106.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 SEC filing. 26.67% of the stock is currently owned by hedge funds and other institutional investors.

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.