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Integra Resources Corp (ITR) Receives a Buy from Stifel Nicolaus

Integra Resources Corp (ITR) Receives a Buy from Stifel Nicolaus

In a report released today, Ingrid Rico from Stifel Nicolaus maintained a Buy rating on Integra Resources Corp (ITRResearch Report), with a price target of C$4.50. The company’s shares closed yesterday at C$2.13.

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According to TipRanks, Rico is a 5-star analyst with an average return of 16.8% and a 64.98% success rate. Rico covers the Basic Materials sector, focusing on stocks such as B2Gold, Eldorado Gold, and Franco-Nevada.

Integra Resources Corp has an analyst consensus of Strong Buy, with a price target consensus of C$4.03, implying an 89.20% upside from current levels. In a report released yesterday, H.C. Wainwright also reiterated a Buy rating on the stock with a $2.75 price target.

Based on Integra Resources Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$30.35 million and a net profit of C$9.53 million. In comparison, last year the company had a GAAP net loss of C$7 million

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ITR in relation to earlier this year.

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