In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Integra Resources Corp, with a price target of $6.75.
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Heiko Ihle has given his Buy rating due to a combination of factors tied to Integra’s improving financial performance and leverage to strong precious metal prices. The company delivered higher revenue and substantially stronger earnings versus the prior year, aided by a sharp increase in realized gold prices that more than compensated for lower production, while management expects additional deferred ounces to support profitability as output normalizes.
Ihle also highlights the DeLamar project as a key value driver, noting recent financing, strategic land acquisition, and progress within the FAST-41 permitting framework as important de-risking steps. His valuation work, based on a discounted cash flow approach and a net asset value that incorporates DeLamar, Florida Mountain, and other projects, supports a Buy stance even though the official price target has been modestly reduced to $6.75 to reflect updated balance sheet assumptions.
In another report released on April 28, Roth MKM also maintained a Buy rating on the stock with a $6.00 price target.