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ITR

Integra Resources TSXV:ITR Stock Report

Last Price

CA$0.75

Market Cap

CA$59.4m

7D

2.7%

1Y

-74.0%

Updated

01 Oct, 2022

Data

Company Financials +
ITR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

ITR Stock Overview

Integra Resources Corp., a mineral resources company, engages in the acquisition, exploration, and development of mineral properties in the Americas.

Integra Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Integra Resources
Historical stock prices
Current Share PriceCA$0.75
52 Week HighCA$3.41
52 Week LowCA$0.64
Beta0.95
1 Month Change0%
3 Month Change-42.31%
1 Year Change-74.05%
3 Year Change-76.74%
5 Year Change-70.00%
Change since IPO700.00%

Recent News & Updates

Shareholder Returns

ITRCA Metals and MiningCA Market
7D2.7%7.4%-0.008%
1Y-74.0%-7.9%-6.6%

Return vs Industry: ITR underperformed the Canadian Metals and Mining industry which returned -7.9% over the past year.

Return vs Market: ITR underperformed the Canadian Market which returned -6.6% over the past year.

Price Volatility

Is ITR's price volatile compared to industry and market?
ITR volatility
ITR Average Weekly Movement8.9%
Metals and Mining Industry Average Movement11.7%
Market Average Movement9.9%
10% most volatile stocks in CA Market18.1%
10% least volatile stocks in CA Market3.8%

Stable Share Price: ITR is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: ITR's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199751George Salamishttps://www.integraresources.com

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 Fundamentals Summary

How do Integra Resources's earnings and revenue compare to its market cap?
ITR fundamental statistics
Market CapCA$59.45m
Earnings (TTM)-CA$37.12m
Revenue (TTM)n/a

0.0x

P/S Ratio

-1.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ITR income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$27.04m
Earnings-US$27.04m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.34
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio2.5%

How did ITR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ITR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ITR?

Other financial metrics that can be useful for relative valuation.

ITR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-1.6x
PEG Ration/a

Price to Book Ratio vs Peers

How does ITR's PB Ratio compare to its peers?

ITR PB Ratio vs Peers
The above table shows the PB ratio for ITR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average2.3x
SAU St. Augustine Gold and Copper
0.4xn/aCA$59.8m
TAU Thesis Gold
1.1xn/aCA$58.2m
MAU Montage Gold
3.3xn/aCA$58.2m
BTR Bonterra Resources
1.9xn/aCA$63.1m
ITR Integra Resources
2.1xn/aCA$59.4m

Price-To-Book vs Peers: ITR is good value based on its Price-To-Book Ratio (2.1x) compared to the peer average (2.3x).


Price to Earnings Ratio vs Industry

How does ITR's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

Price-To-Book vs Industry: ITR is expensive based on its Price-To-Book Ratio (2.1x) compared to the Canadian Metals and Mining industry average (1.5x)


Price to Book Ratio vs Fair Ratio

What is ITR's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ITR PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio2.1x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ITR's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ITR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ITR (CA$0.75) is trading below our estimate of fair value (CA$13.25)

Significantly Below Fair Value: ITR is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Integra Resources forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


89.9%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ITR's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if ITR's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if ITR's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ITR is forecast to have no revenue next year.

High Growth Revenue: ITR is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ITR's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Integra Resources performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-38.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ITR is currently unprofitable.

Growing Profit Margin: ITR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ITR is unprofitable, and losses have increased over the past 5 years at a rate of 38.6% per year.

Accelerating Growth: Unable to compare ITR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ITR is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-7.3%).


Return on Equity

High ROE: ITR has a negative Return on Equity (-133.76%), as it is currently unprofitable.


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Financial Health

How is Integra Resources's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ITR's short term assets ($5.0M) exceed its short term liabilities ($4.3M).

Long Term Liabilities: ITR's short term assets ($5.0M) do not cover its long term liabilities ($27.5M).


Debt to Equity History and Analysis

Debt Level: ITR has more cash than its total debt.

Reducing Debt: Insufficient data to determine if ITR's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ITR has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: ITR is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.


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Dividend

What is Integra Resources's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Integra Resources Dividend Yield vs Market
How does Integra Resources dividend yield compare to the market?
SegmentDividend Yield
Company (Integra Resources)n/a
Market Bottom 25% (CA)2.0%
Market Top 25% (CA)6.1%
Industry Average (Metals and Mining)2.6%
Analyst forecast in 3 Years (Integra Resources)n/a

Notable Dividend: Unable to evaluate ITR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ITR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ITR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ITR's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ITR has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

George Salamis (56 yo)

4.58yrs

Tenure

US$694,019

Compensation

Mr. George Gregory Salamis, BSc. Geology, MSc Geology had been Chief Executive Officer and President of Edgewater Exploration Ltd. (formerly, Edgewater Resources) since June 01, 2010 until May 31, 2022. Mr...


CEO Compensation Analysis

George Salamis's Compensation vs Integra Resources Earnings
How has George Salamis's remuneration changed compared to Integra Resources's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-US$27m

Mar 31 2022n/an/a

-US$32m

Dec 31 2021US$694kUS$264k

-US$33m

Sep 30 2021n/an/a

-US$34m

Jun 30 2021n/an/a

-US$30m

Mar 31 2021n/an/a

-US$24m

Dec 31 2020US$772kUS$243k

-US$20m

Sep 30 2020n/an/a

-US$18m

Jun 30 2020n/an/a

-US$16m

Mar 31 2020n/an/a

-US$15m

Dec 31 2019US$654kUS$231k

-US$17m

Sep 30 2019n/an/a

-US$13m

Jun 30 2019n/an/a

-US$14m

Mar 31 2019n/an/a

-US$13m

Dec 31 2018US$522kUS$220k

-US$11m

Sep 30 2018n/an/a

-US$13m

Jun 30 2018n/an/a

-US$8m

Mar 31 2018n/an/a

-US$5m

Dec 31 2017US$199kUS$100k

-US$4m

Compensation vs Market: George's total compensation ($USD694.02K) is above average for companies of similar size in the Canadian market ($USD176.17K).

Compensation vs Earnings: George's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ITR's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: ITR's board of directors are considered experienced (4.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ITR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

TSXV:ITR Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
01 Sep 22BuyCA$3,000George SalamisIndividual4,000CA$0.75
31 Aug 22BuyCA$3,000George SalamisIndividual4,000CA$0.75
09 Aug 22BuyCA$43,000George SalamisIndividual50,000CA$0.86
04 Aug 22BuyCA$2,570,863Beedie CapitalCompany3,030,000CA$0.85
13 May 22BuyCA$4,212George SalamisIndividual3,600CA$1.17
12 May 22BuyCA$23,800George SalamisIndividual20,000CA$1.19
22 Feb 22BuyCA$21,970Timothy ArnoldIndividual11,500CA$1.91
18 Feb 22BuyCA$49,250George SalamisIndividual25,000CA$1.97
18 Feb 22BuyCA$9,996Andree St-GermainIndividual5,100CA$1.96
15 Feb 22BuyCA$4,272Leanne NakashimadaIndividual2,000CA$2.15
11 Feb 22BuyCA$45,588George SalamisIndividual20,000CA$2.28
11 Feb 22BuyCA$44,568Stephen de JongIndividual20,000CA$2.24

Ownership Breakdown

What is the ownership structure of ITR?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders3,440,3474.3%
Public Companies3,727,9144.7%
VC/PE Firms6,069,2047.7%
Institutions21,481,36527.1%
General Public44,546,04656.2%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27.6%.


Top Shareholders

Top 25 shareholders own 43.66% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
7.66%
Beedie Capital
6,069,204$4.6m0%no data
5.22%
Franklin Resources, Inc.
4,140,000$3.1m0%no data
4.7%
Coeur Mining, Inc.
3,727,914$2.8m0%no data
4.07%
ASA Gold and Precious Metals Limited
3,230,000$2.4m0%0.67%
4.07%
Merk Investments LLC
3,230,000$2.4m0%1.72%
3.01%
Ruffer LLP
2,384,579$1.8m18.37%0.01%
2.82%
Sprott Asset Management LP
2,239,075$1.7m-15.94%0.06%
2.08%
George Salamis
1,644,799$1.2m3.66%no data
1.72%
CQS (UK) LLP
1,363,562$1.0m0%0.23%
1.55%
Universal-Investment-Gesellschaft Mit BeschrÄNkter Haftung
1,230,174$922.6k0%0.01%
1.34%
Polygon Global Partners LLP
1,063,333$797.5k0%0.09%
1.29%
Stephen de Jong
1,023,381$767.5k0%no data
1.08%
Equinox Partners Investment Management LLC
858,100$643.6k0%0.29%
0.88%
Commodity Capital AG
700,000$525.0k0%0.26%
0.45%
Andree St-Germain
357,965$268.5k0%no data
0.41%
Renaissance Technologies LLC
322,900$242.2k-25.41%no data
0.32%
Raffles Associates LP
257,007$192.8k0%0.15%
0.25%
Fuchs & Associes Finance SA
200,000$150.0k0%0.06%
0.16%
Orrell Capital Management, Inc.
123,880$92.9k0%0.18%
0.15%
Joshua Serfass
119,893$89.9k0%no data
0.15%
David Awram
115,530$86.6k0%no data
0.09%
Edward Baker
71,454$53.6k0%no data
0.088%
Timo Jauristo
70,000$52.5k0%no data
0.045%
Morgan Stanley, Investment Banking and Brokerage Investments
36,056$27.0k-23.69%no data
0.039%
Vontobel Asset Management, Inc.
30,600$23.0k0%no data

Company Information

Integra Resources Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Integra Resources Corp.
  • Ticker: ITR
  • Exchange: TSXV
  • Founded: 1997
  • Industry: Gold
  • Sector: Materials
  • Implied Market Cap: CA$59.449m
  • Shares outstanding: 79.26m
  • Website: https://www.integraresources.com

Number of Employees


Location

  • Integra Resources Corp.
  • 400 Burrard Street
  • Suite 1050
  • Vancouver
  • British Columbia
  • V6C 3A6
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ITRTSXV (TSX Venture Exchange)YesCommon SharesCACADOct 2015
IRVADB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2015
ITRGNYSEAM (NYSE MKT LLC)YesCommon SharesUSUSDOct 2015

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.