Idaho Strategic price target raised to $14 from $10 at Roth MKM

Roth MKM raised the firm’s price target on Idaho Strategic to $14 from $10 and keeps a Buy rating on the shares. The company has successfully transitioned to underground mining of one of the highest-grade gold mines in the U.S. during a period of record gold prices, the analyst tells investors in a research note. Idaho’s high recoveries resulted in low costs and good margins, producing cash flow to further optimize operations and extend mine life, explore and develop other gold and rare earth element prospects, and prove itself to be a uniquely effective and innovative junior gold producer, the firm added.