MMCAP International Inc. SPC Buys Shares of 311,960 Integra Resources Corp. (NYSEAMERICAN:ITRG)

MMCAP International Inc. SPC bought a new stake in Integra Resources Corp. (NYSEAMERICAN:ITRG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 311,960 shares of the company’s stock, valued at approximately $270,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Equinox Partners Investment Management LLC grew its holdings in shares of Integra Resources by 4.4% during the fourth quarter. Equinox Partners Investment Management LLC now owns 9,190,138 shares of the company’s stock worth $7,922,000 after purchasing an additional 386,675 shares during the last quarter. Sprott Inc. grew its holdings in shares of Integra Resources by 107.6% during the fourth quarter. Sprott Inc. now owns 1,411,459 shares of the company’s stock worth $1,227,000 after purchasing an additional 731,624 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Integra Resources during the third quarter worth about $1,189,000. Institutional investors own 26.67% of the company’s stock.

Integra Resources Trading Down 1.8 %

Integra Resources stock opened at $1.10 on Wednesday. The company has a market capitalization of $185.43 million, a P/E ratio of -3.33 and a beta of 1.37. Integra Resources Corp. has a one year low of $0.64 and a one year high of $1.28.

Wall Street Analyst Weigh In

ITRG has been the topic of several research reports. HC Wainwright reduced their price target on Integra Resources from $3.75 to $2.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Cormark upgraded Integra Resources to a “moderate buy” rating in a report on Monday, November 11th. Finally, Desjardins upgraded Integra Resources to a “moderate buy” rating in a report on Thursday, October 31st.

About Integra Resources

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.