Idaho Strategic Resources (NYSEAMERICAN:IDR) Issues Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Idaho Strategic Resources (NYSEAMERICAN:IDRGet Free Report) announced its quarterly earnings data on Monday. The company reported €0.02 ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of €0.05 ($0.05) by (€0.03) (($0.03)), reports. The firm had revenue of €3.78 million during the quarter, compared to the consensus estimate of €3.70 million. Idaho Strategic Resources had a net margin of 8.49% and a return on equity of 6.11%.

Idaho Strategic Resources Price Performance

NYSEAMERICAN IDR opened at €8.34 ($9.07) on Wednesday. The company has a market capitalization of $102.25 million, a PE ratio of 92.68 and a beta of 0.67. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.96 and a current ratio of 2.36. Idaho Strategic Resources has a 12-month low of €4.47 ($4.86) and a 12-month high of €9.05 ($9.84).

Institutional Investors Weigh In On Idaho Strategic Resources

Several institutional investors have recently made changes to their positions in the stock. Northern Trust Corp purchased a new stake in shares of Idaho Strategic Resources in the fourth quarter worth $191,000. Salem Investment Counselors Inc. bought a new position in Idaho Strategic Resources in the 4th quarter worth about $85,000. Renaissance Technologies LLC purchased a new stake in shares of Idaho Strategic Resources in the 2nd quarter valued at about $57,000. BlackRock Inc. raised its holdings in shares of Idaho Strategic Resources by 2.0% in the 2nd quarter. BlackRock Inc. now owns 145,378 shares of the company’s stock valued at $776,000 after acquiring an additional 2,865 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Idaho Strategic Resources by 15.2% during the 2nd quarter. Geode Capital Management LLC now owns 81,581 shares of the company’s stock valued at $436,000 after acquiring an additional 10,768 shares during the last quarter. Hedge funds and other institutional investors own 8.70% of the company’s stock.

About Idaho Strategic Resources

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Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.

See Also

Earnings History for Idaho Strategic Resources (NYSEAMERICAN:IDR)

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