Integra Resources Corp (ITR) AI Stock Analysis

• Market Cap: C$848.22M
• Dividend Yield: N/A
• Average Volume (3M): 900.37K
• Price to Earnings (P/E): 39.4
• Beta (1Y): 2.08
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 305
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): 0.14
• Shares Outstanding: 169,305,200
• 10 Day Avg. Volume: 725,510
• 30 Day Avg. Volume: 900,369
• PEG Ratio: 0.15
• Price to Book (P/B): 0.92
• Price to Sales (P/S): 3.94
• P/FCF Ratio: -12.69
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$9.13
• Price Target Upside: 82.24% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: C$6.50 ▲(29.74% Upside)

The score is driven primarily by the strong TTM financial inflection (profitability and positive free cash flow) and a clear upward technical trend. Offsetting these positives, valuation is high (P/E ~46.8) and the financial improvement is relatively recent, making consistency through commodity cycles a key risk; corporate updates add support via project economics and operational momentum.

Positive Factors

Improved cash generation

Material positive free cash flow and operating cash generation provide durable funding flexibility for advancing DeLamar through permitting and development. Sustained FCF reduces near-term reliance on equity raises, supports capex needs and strategic options over the next several quarters.

Manageable leverage and rising ROE

Low-to-moderate debt and a positive ROE after prior losses indicate a stronger capital structure that can support project development. Manageable leverage preserves financial optionality for financing construction or partnering, lowering structural risk versus highly leveraged peers.

Stronger project economics and cash buffer

An improved feasibility study plus a substantial cash balance materially reduce execution and permitting risk. Better project economics and cash coverage enhance the odds of advancing to construction or attractive JV/stream deals, improving long-term production prospects.

Negative Factors

Profitability durability risk

Recent profitability marks a positive inflection, but the company’s history of losses signals that earnings may be cyclical. Sustaining margins through commodity-price swings and operational ramp-ups is uncertain, posing a structural risk to consistent earnings persistence.

Imperfect cash conversion

Only about 65% of net income converted to free cash flow, indicating working capital, timing or non-cash items reduce cash convertibility. This weakens internally generated funding for capex and mine development and increases reliance on external financing when investment needs rise.

Commodity and historical volatility

Operations are exposed to gold/silver price cycles and past large losses highlight earnings and equity sensitivity. Even with improved metrics, structural commodity volatility can strain cash flows, project financing and capital structure during downturns over a multi‑quarter horizon.

Integra Resources Corp Business Overview & Revenue Model

Company Description

Integra Resources Corp., a mineral resources company, engages in the acquisition, exploration, and development of mineral properties in the Americas. It primarily focuses on the development of DeLamar project that consists of DeLamar and Florida Mountain gold and silver deposits comprising 790 unpatented lode, placer, and millsite claims, as well as 16 tax parcels covering an area of approximately 8,673 hectares located in the Owyhee County, south western Idaho. The company was formerly known as Mag Copper Limited and changed its name to Integra Resources Corp. in August 2017. Integra Resources Corp. was incorporated in 1997 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Integra Resources Corp generates revenue through the exploration and potential development of mineral properties. The company's primary revenue streams are derived from the discovery and development of economically viable mineral deposits, which can then be advanced towards production. Significant value is often generated through strategic partnerships, joint ventures, or selling stakes in projects to other mining companies. Additionally, the company may raise capital through equity financing to fund its exploration and development activities. The success of its business model depends heavily on the ability to acquire properties with substantial mineral deposits, manage exploration effectively, and navigate regulatory requirements to eventually bring a property into production.

Integra Resources Corp Financial Statement Overview

Summary

TTM results show a clear profitability and cash flow inflection (revenue +47.1%, net margin ~9.7%, operating cash flow ~$76M and free cash flow ~$49M). Balance sheet leverage is moderate (debt-to-equity ~0.21) with improved ROE (~13.1%). Key risk is durability: profitability and cash generation are relatively new after multiple prior loss-making periods, and cash conversion is not perfect (FCF to net income ~0.65).

Income Statement

TTM (Trailing-Twelve-Months) results show a sharp operational step-change: revenue rose strongly (+47.1%) and profitability turned positive with solid gross margin (~31%) and healthy operating margins (EBIT ~17.9%, EBITDA ~24.3%). Net margin is positive (~9.7%), a major improvement versus the 2024 annual loss (negative margins across the board). Key watch-out is that profitability is still relatively new after multiple loss-making years, so durability through the cycle remains a risk.

Balance Sheet

Leverage appears manageable with low-to-moderate debt relative to equity (debt-to-equity ~0.21 in TTM (Trailing-Twelve-Months)), and equity has grown versus earlier years, supporting a stronger capital base. Return on equity is positive in TTM (~13.1%) after being negative in 2024, signaling improved earnings power. The main weakness is historical volatility (large losses in prior years) which can quickly pressure equity in commodity-driven downturns.

Cash Flow

Cash generation strengthened materially in TTM (Trailing-Twelve-Months): operating cash flow is solid (~$76M) and free cash flow is meaningfully positive (~$49M) with very strong free cash flow growth (+115.8%). However, free cash flow is only about two-thirds of net income (free cash flow to net income ~0.65), suggesting some earnings are not fully converting to cash, and the prior annual period showed negative operating/free cash flow—highlighting potential variability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	218.34M	30.35M	0.00	0.00	0.00	0.00
Gross Profit	69.75M	5.37M	-2.80M	-969.00K	-928.00K	-639.00K
EBITDA	50.22M	-3.82M	-35.11M	-22.37M	-39.00M	-25.28M
Net Income	13.06M	-9.50M	-38.45M	-20.40M	-33.12M	-20.25M
Balance Sheet
Total Assets	283.43M	237.08M	108.64M	61.42M	75.16M	89.07M
Cash, Cash Equivalents and Short-Term Investments	81.49M	52.55M	11.68M	15.92M	14.34M	29.02M
Total Debt	23.23M	25.42M	11.90M	12.78M	3.00M	3.07M
Total Liabilities	147.84M	106.53M	55.21M	40.10M	46.09M	47.31M
Stockholders Equity	135.59M	130.56M	53.43M	21.32M	29.08M	41.76M
Cash Flow
Free Cash Flow	48.72M	-9.43M	-26.46M	-18.33M	-31.81M	-18.54M
Operating Cash Flow	75.96M	-9.43M	-26.46M	-18.10M	-30.51M	-18.04M
Investing Cash Flow	-13.62M	27.33M	-4.19M	-95.09K	-1.29M	960.73K
Financing Cash Flow	9.22M	25.51M	23.47M	19.78M	17.08M	21.53M

Integra Resources Corp Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 5.01
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ITR, the sentiment is Neutral. The current price of 5.01 is below the 20-day moving average (MA) of 5.79, below the 50-day MA of 5.45, and above the 200-day MA of 3.55, indicating a neutral trend. The MACD of 0.09 indicates Positive momentum. The RSI at 37.56 is Neutral, neither overbought nor oversold. The STOCH value of 26.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:ITR.

Integra Resources Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ASM	74 Outperform	C$1.91B	57.10	14.35%	―	65.77%	458.38%
GGD	74 Outperform	$1.22B	48.85	5.38%	―	104.08%	832.86%
ITR	71 Outperform	C$848.22M	39.39	15.43%	―	―	―
VOXR	67 Neutral	C$492.90M	-167.52	-2.13%	0.97%	11.95%	-44.15%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
NUAG	60 Neutral	C$840.98M	-173.11	-2.40%	―	―	40.00%

Integra Resources Corp Corporate Events

Integra’s DeLamar Project Selected for U.S. FAST-41 Permitting Transparency Program

Integra Resources’ DeLamar Heap Leach Project in southwest Idaho has been selected for inclusion in the U.S. Federal Permitting Improvement Steering Council’s FAST-41 Transparency Projects Program, placing the project on the Federal Permitting Dashboard and subjecting it to a project-specific federal permitting timetable. The designation is expected to enhance predictability, coordination and accountability across involved agencies and, based on the Bureau of Land Management’s posted schedule, targets a Record of Decision in the third quarter of 2027 after an anticipated 15‑month NEPA review, supporting Integra’s plans to advance DeLamar as a cornerstone asset within its growing heap-leach portfolio.

The most recent analyst rating on (TSE:ITR) stock is a Buy with a C$6.50 price target. To see the full list of analyst forecasts on Integra Resources Corp stock, see the TSE:ITR Stock Forecast page.

Integra Resources Unveils Robust Feasibility Study for DeLamar Project

Integra Resources Corp has completed a feasibility study for its DeLamar Gold and Silver Heap Leach Project in Idaho, showcasing improved economics and reduced development risk. Highlights include a robust $774 million after-tax NPV, 46% IRR, and extended mine life to 10 years, yielding 1.1 million ounces of gold equivalent production. The project also boasts excellent community and tribal partnerships, reduced environmental impact through strategic design changes, and significant local job creation. These advancements position Integra as a leading player in the US precious metals industry with strong long-term potential.

The most recent analyst rating on (TSE:ITR) stock is a Buy with a C$5.75 price target. To see the full list of analyst forecasts on Integra Resources Corp stock, see the TSE:ITR Stock Forecast page.