Idaho Strategic Resources (NYSEAMERICAN:IDR) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of €0.00 ($0.00) and traded as high as €10.60 ($11.04). Idaho Strategic Resources shares last traded at €10.22 ($10.65), with a volume of 165,700 shares traded.

Analysts Set New Price Targets

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

Idaho Strategic Resources Stock Up 2.6 %

The firm has a market capitalization of $143.29 million, a price-to-earnings ratio of 20.57 and a beta of 0.74. 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 posted its earnings results on Monday, November 4th. The company reported €0.15 ($0.16) earnings per share for the quarter, missing the consensus estimate of €0.21 ($0.22) by (€0.06) (($0.06)). Idaho Strategic Resources had a return on equity of 24.55% and a net margin of 30.44%. The business had revenue of €6.15 million for the quarter, compared to the consensus estimate of €7.40 million. Sell-side analysts anticipate that Idaho Strategic Resources, Inc. will post 0.71 EPS for the current year.

Insider Buying and Selling

In other Idaho Strategic Resources news, insider Monique D. Hayes sold 7,746 shares of Idaho Strategic Resources stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of €11.51 ($11.99), for a total value of €89,156.46 ($92,871.31). Following the sale, the insider now owns 27,670 shares of the company’s stock, valued at €318,481.70 ($331,751.77). This trade represents a 21.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John Swallow sold 225,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of €13.04 ($13.58), for a total value of €2,934,000.00 ($3,056,250.00). Following the transaction, the chief executive officer now owns 955,248 shares of the company’s stock, valued at approximately €12,456,433.92 ($12,975,452). The trade was a 19.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On Idaho Strategic Resources

Several hedge funds have recently modified their holdings of IDR. WR Wealth Planners LLC boosted its position in Idaho Strategic Resources by 145.2% during the second quarter. WR Wealth Planners LLC now owns 3,923 shares of the company’s stock valued at $39,000 after purchasing an additional 2,323 shares during the last quarter. Eastern Bank bought a new stake in shares of Idaho Strategic Resources during the 3rd quarter worth approximately $40,000. Quantbot Technologies LP acquired a new stake in shares of Idaho Strategic Resources in the 3rd quarter valued at approximately $79,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Idaho Strategic Resources in the third quarter valued at $90,000. Finally, Dimensional Fund Advisors LP acquired a new position in Idaho Strategic Resources during the second quarter worth $108,000. Institutional investors own 8.70% of the company’s stock.

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.