Integra Resources: Strengthening Operations, Reduced Permitting Risk, and Higher Gold Prices Support Raised $7.25 Target and Reaffirmed Buy Rating

Integra Resources Corp, the Basic Materials sector company, was revisited by a Wall Street analyst today. Analyst Heiko Ihle from H.C. Wainwright reiterated a Buy rating on the stock and has a $7.25 price target.

Heiko Ihle has given his Buy rating due to a combination of factors that underscore both operational strength and improved project visibility at Integra Resources. The company’s 2025 gold output of 70,927 ounces landed squarely within management’s guidance, demonstrating a smooth and efficient shift from developer to producer with few operational disruptions. Ihle expects this operational stability to continue, translating into robust free cash flow as the management team further optimizes mine performance in a supportive commodity price environment. He also points to approximately $60 million of free cash flow being reinvested at Florida Canyon into mining, infrastructure, equipment, and expansion drilling, which is expected to feed into an updated technical report in mid-2026 that will refresh reserves, resources, and the life-of-mine plan.

Ihle additionally highlights that recent temporary issues at Florida Canyon, such as a liner tear, were addressed without any permanent loss of ounces and should allow for the recovery of additional gold through leaching in 2026, reinforcing the view that capital reinvestment is enhancing long-term production. He views the inclusion of the DeLamar Project in the U.S. FAST-41 Permitting Transparency Program as a meaningful reduction in permitting risk, given the clearer timelines and coordinated federal oversight, with a Record of Decision anticipated in the third quarter of 2027 after a relatively rapid environmental review. This regulatory milestone, combined with Integra’s execution at Florida Canyon and continued fleet upgrades and drilling to support a mid-2026 reserve and resource update, strengthens the investment case. Finally, Ihle’s decision to raise his price target to $7.25 from $5.00 reflects a higher commodity price deck layered onto these improving fundamentals, supporting the reaffirmation of his Buy recommendation on Integra Resources.

In another report released today, TipRanks – OpenAI also upgraded the stock to a Buy with a C$7.00 price target.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ITR in relation to earlier this year.