Analysts' Revenue Estimates For Integra Resources Corp. (CVE:ITR) Are Surging Higher

Integra Resources Corp. (CVE:ITR) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects. Integra Resources has also found favour with investors, with the stock up an impressive 16% to CA$2.66 over the past week. We'll be curious to see if these new estimates convince the market to lift the stock price higher still.

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After this upgrade, Integra Resources' three analysts are now forecasting revenues of US$237m in 2025. This would be a substantial 60% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing US$198m of revenue in 2025. It looks like there's been a clear increase in optimism around Integra Resources, given the sizeable gain to revenue forecasts.

See our latest analysis for Integra Resources

There was no particular change to the consensus price target of US$3.54, with Integra Resources' latest outlook seemingly not enough to result in a change of valuation. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Integra Resources, with the most bullish analyst valuing it at US$5.07 and the most bearish at US$3.05 per share. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Integra Resources shareholders.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's clear from the latest estimates that Integra Resources' rate of growth is expected to accelerate meaningfully, with the forecast 155% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 103% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 15% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Integra Resources is expected to grow much faster than its industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for this year. The analysts also expect revenues to grow faster than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Integra Resources.

Analysts are clearly in love with Integra Resources at the moment, but before diving in - you should be aware that we've identified some warning flags with the business, such as major dilution from new stock issuance in the past year. For more information, you can click through to our platform to learn more about this and the 1 other warning sign we've identified .

Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies backed by insiders.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.