Globe says Integra Gold insiders scooping up shares !
Globe says Integra Gold insiders scooping up shares
2016-06-06 05:44 ET - In the News
The Globe and Mail reports in its Saturday edition that during the recent gold sell-off Integra Gold (68 cents) chief executive officer Stephen de Jong acquired 10,000 shares at 62 cents. The Globe's Ted Dixon writes in the Who's Buying and Selling column that Mr. de Jong made the purchase on May 31. Mr. de Jong is the second largest insider shareholder at the company. A day earlier, chief financial officer Travis Gingras bought 33,400 shares at 60 cents. Mr. Dixon notes that Mr. Gingras is the fifth largest insider shareholder. In addition, director John de Jong bought 31,500 shares on May 31 at 64 cents. The Globe reported on April 21 that Raymond James analysts had lowered their rating on Integra Gold to "outperform" from "strong buy." The Raymond James analysts, however, hiked their target to 80 cents from 70 cents. The average analyst target was 80 cents. In a note the analysts said: "We are lowering our rating based on strong share price performance since our initiation of coverage [on Feb. 5]. However, we remain constructive in our outlook for Integra and believe a number of key potential catalysts will continue to drive share price performance." Integra Gold shares