Globe says Stifel keeps Integra Resources at "buy"
2023-06-02 08:30 ET - In the News
The Globe and Mail reports in its Friday, June 2, edition that Stifel analyst Ingrid Rico has reaffirmed her "buy" recommendation for Integra Resources. The Globe's David Leeder writes in the Eye On Equities column that Ms. Rico boosted her share target to $5 from $4. Analysts on average target the shares at $5.03. Ms. Rico says in a note: "Following a number of corporate events, including the combination of Integra and Millennial Precious Metals, boosting its balance sheet with strategic support from Wheaton Precious Metals and Beedie Capital, and recent share-consolidation, Integra is now ready to deliver on a number of catalysts as it is positioned for dual path of derisking of its DeLamar (Idaho) and Wildcat and Mountain View (Nevada) projects and uncovering further blue-sky exploration potential. We see Integra as having a pipeline of low-risk, low-capital intensity, heap leach projects with a line of sight for future low-cost production of 200koz/yr AuEq." The Globe reported on Sept. 29, 2021, that iA Capital rated Integra "buy" rating when it was worth $2.93. The Globe reported on Oct. 8, 2021, that Desjardins Securities had reiterated its "buy" call for Integra when it could be had for $2.88.
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