TSXV:ITR

Stock Analysis Report

Integra Resources

Executive Summary

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

Rewards

Trading at 72.7% below its fair value

Risk Analysis

Earnings have declined by -71.71% per year over past 5 years

Has less than 1 year of cash runway

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year



Snowflake Analysis

Mediocre balance sheet and slightly overvalued.

Share Price & News

How has Integra Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ITR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.5%

ITR

1.9%

CA Metals and Mining

1.4%

CA Market


1 Year Return

46.3%

ITR

28.1%

CA Metals and Mining

10.1%

CA Market

Return vs Industry: ITR exceeded the Canadian Metals and Mining industry which returned 26.9% over the past year.

Return vs Market: ITR exceeded the Canadian Market which returned 10.4% over the past year.


Shareholder returns

ITRIndustryMarket
7 Day-2.5%1.9%1.4%
30 Day4.5%5.1%2.6%
90 Day-10.7%10.8%6.5%
1 Year46.3%46.3%29.0%28.1%13.7%10.1%
3 Year5750.0%5750.0%-1.6%-3.4%17.8%7.1%
5 Yearn/a26.4%22.2%36.3%16.3%

Price Volatility Vs. Market

How volatile is Integra Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Integra Resources undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ITR (CA$1.2) is trading below our estimate of fair value (CA$4.39)

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


Price To Earnings Ratio

PE vs Industry: ITR is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: ITR is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ITR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ITR is overvalued based on its PB Ratio (3.3x) compared to the CA Metals and Mining industry average (1.5x).


Next Steps

Future Growth

How is Integra Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

15.5%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Integra Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Integra Resources performed over the past 5 years?

-71.7%

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 -71.7% 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 (-1.4%).


Return on Equity

High ROE: ITR has a negative Return on Equity (-62.5%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

  • Explore strong past performing companies in the Materials industry.

Financial Health

How is Integra Resources's financial position?


Financial Position Analysis

Short Term Liabilities: ITR's short term assets (CA$15.1M) exceed its short term liabilities (CA$9.1M).

Long Term Liabilities: ITR's short term assets (CA$15.1M) do not cover its long term liabilities (CA$38.6M).


Debt to Equity History and Analysis

Debt Level: ITR's debt to equity ratio (16%) is considered satisfactory.

Reducing Debt: ITR had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet

Inventory Level: ITR has a high level of physical assets or inventory.

Debt Coverage by Assets: ITR's debt is covered by short term assets (assets are 3.4x debt).


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 less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ITR has less than a year of cash runway if free cash flow continues to reduce at historical rates of -83.8% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.9%markettop25%5.4%industryaverage1.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ITR's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of Integra Resources's salary, the management and board of directors tenure and is there insider trading?

2.4yrs

Average management tenure


CEO

George Salamis (53yo)

2.4yrs

Tenure

CA$500,000

Compensation

Mr. George Gregory Salamis, BSc. Geology, has been Chief Executive Officer and President of Edgewater Exploration Ltd. (formerly, Edgewater Resources) since June 01, 2010. Mr. Salamis served as Director at ...


CEO Compensation Analysis

Compensation vs Market: George's total compensation ($USD382.70K) is above average for companies of similar size in the Canadian market ($USD165.67K).

Compensation vs Earnings: George's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

2.4yrs

Average Tenure

53yo

Average Age

Experienced Management: ITR's management team is considered experienced (2.4 years average tenure).


Board Age and Tenure

1.9yrs

Average Tenure

51yo

Average Age

Experienced Board: ITR's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Insider Trading

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


Recent Insider Transactions

BuyCA$24,00105 Dec 19
Stephen de Jong
EntityIndividual
Role
Chairman of the Board
Independent Chairman
Shares20,870
Max PriceCA$1.15
BuyCA$11,50005 Dec 19
Anna Ladd-Kruger
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10,000
Max PriceCA$1.15
BuyCA$75,00005 Dec 19
George Salamis
EntityIndividual
Role
Chief Executive Officer
President
Shares65,217
Max PriceCA$1.15
BuyCA$34,50005 Dec 19
Andrée St-Germain
EntityIndividual
Role
Chief Financial Officer
CFO & Corporate Secretary
Shares30,000
Max PriceCA$1.15
BuyCA$9,60010 May 19
George Salamis
EntityIndividual
Role
Chief Executive Officer
President
Shares15,000
Max PriceCA$0.64
BuyCA$9,75009 May 19
George Salamis
EntityIndividual
Role
Chief Executive Officer
President
Shares15,000
Max PriceCA$0.65
BuyCA$12,80026 Apr 19
Anna Ladd-Kruger
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares20,000
Max PriceCA$0.64
BuyCA$7,20022 Apr 19
Stephen de Jong
EntityIndividual
Role
Chairman of the Board
Independent Chairman
Shares10,000
Max PriceCA$0.72
BuyCA$4,60010 Apr 19
Andrée St-Germain
EntityIndividual
Role
Chief Financial Officer
CFO & Corporate Secretary
Shares6,000
Max PriceCA$0.77

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 44%.


Management Team

  • George Salamis (53yo)

    President

    • Tenure: 2.4yrs
    • Compensation: CA$500.00k
  • Timothy Arnold (62yo)

    Chief Operating Officer

    • Tenure: 0.2yrs
  • Edward Baker

    Vice President of Exploration

    • Tenure: 2.3yrs
    • Compensation: CA$356.40k
  • Andrée St-Germain (39yo)

    CFO & Corporate Secretary

    • Tenure: 2.4yrs
    • Compensation: CA$273.50k

Board Members

  • George Salamis (53yo)

    President

    • Tenure: 2.4yrs
    • Compensation: CA$500.00k
  • Timo Jauristo (61yo)

    Independent Non-Executive Director

    • Tenure: 1.9yrs
    • Compensation: CA$21.00k
  • David Awram (46yo)

    Independent Director

    • Tenure: 2.2yrs
    • Compensation: CA$25.00k
  • Anna Ladd-Kruger (49yo)

    Independent Director

    • Tenure: 1.1yrs
  • Steve de Jong (35yo)

    Independent Chairman

    • Tenure: 2.4yrs
    • Compensation: CA$120.00k
  • Butch Otter (77yo)

    Director

    • Tenure: 0.3yrs

Company Information

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


Key Information

  • Name: Integra Resources Corp.
  • Ticker: ITR
  • Exchange: TSXV
  • Founded: 1997
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$139.883m
  • Shares outstanding: 119.56m
  • 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
IRVDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2015
IRRZ.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 2015

Biography

Integra Resources Corp., a development stage company, engages in the acquisition, exploration, and development of mineral properties in the Americas. It primarily focuses on the DeLamar project that consists of DeLamar and Florida Mountain gold and silver deposits located in the Owyhee County, southwestern Idaho. The company was formerly known as Mag Copper Limited and changed its name to Integra Resources Corp. in August 2017. Integra Resources Corp. was incorporated in 1997 and is headquartered in Vancouver, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/21 00:59
End of Day Share Price2020/01/20 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.