H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Integra Resources Corp (ITR – Research Report) today and set a price target of $2.75.
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Heiko Ihle has given his Buy rating due to a combination of factors related to Integra Resources Corp’s strategic initiatives and financial projections. The company has released its 2025 guidance for the Florida Canyon Mine, projecting gold production between 70,000 and 75,000 ounces with cash costs aligning with previous forecasts. This consistency in projections supports confidence in the company’s operational plans.
Additionally, Integra is actively investing in the development of its DeLamar and Nevada North projects, with significant capital allocations aimed at completing feasibility studies and advancing permits. These efforts are expected to enhance the company’s resource base and de-risk future projects. Ihle’s valuation approach, which includes a discounted cash flow model and considers the company’s asset potential and financial position, supports a price target of $2.75, reinforcing the Buy rating.
In another report released on June 27, Stifel Nicolaus also maintained a Buy rating on the stock with a C$4.50 price target.
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.