Integra Resources (TSXV:ITR): Valuation Check After DeLamar Feasibility Study Confirms Robust Economics

Integra Resources (TSXV:ITR) just held a special call to unpack the new feasibility study for its DeLamar gold silver project, a key milestone that helps clarify economics and the path to development.

See our latest analysis for Integra Resources.

That feasibility study excitement is clearly feeding into the market view, with Integra’s 1 month share price return of 46.51 percent and year to date share price return of 376.86 percent pointing to strong, building momentum. However, the 5 year total shareholder return of negative 49.65 percent reminds investors this has been a volatile turnaround story.

If this kind of re rating story has your attention, it could be a good moment to scan the market for fast growing stocks with high insider ownership.

With the feasibility study confirming robust economics and the share price already soaring, the key question now is whether Integra still trades below its long term potential, or if the market is already pricing in DeLamar’s future growth.

Price-to-Earnings of 57.5x: Is it justified?

Integra Resources trades at CA$6.08, and the latest numbers imply a price-to-earnings multiple of 57.5 times, well above peers.

The price-to-earnings ratio compares the current share price to the company’s earnings per share, showing how much investors are willing to pay for each dollar of profit. For a precious metals producer that has only recently become profitable and whose latest results include a large one off gain, this kind of premium suggests the market is placing a heavy emphasis on future earnings power rather than current, possibly inflated, profits.

Compared with both its peer group and the broader Canadian Metals and Mining industry, Integra trades at a notably higher valuation. It is priced at 57.5 times earnings versus a negative 34.3 times peer average and 20.9 times for the sector. That difference indicates investors are assigning Integra a valuation more akin to a high growth story than a typical producer.

See what the numbers say about this price — find out in our valuation breakdown.

Result: Price-to-Earnings of 57.5x

However, lingering permitting timelines and potential cost inflation at DeLamar could quickly erode today’s optimism, especially with expectations already factoring in strong execution.

Find out about the key risks to this Integra Resources narrative.

Build Your Own Integra Resources Narrative

If you see the story differently, or want to dig into the numbers yourself, you can build a personalised Integra thesis in just minutes, Do it your way.

A great starting point for your Integra Resources research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.

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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.

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