Integra Resources Corp.

NYSEAM:ITRG Stock Report

Market Cap: US$151.6m

Integra Resources Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ITRG ($0.9) is trading below our estimate of fair value ($6.5)

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

Key Valuation Metric

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

Key metric: As ITRG is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for ITRG. This is calculated by dividing ITRG's market cap by their current book value.
What is ITRG's PB Ratio?
PB Ratio4.4x
BookUS$34.74m
Market CapUS$151.55m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for ITRG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1.1x
FTCO Fortitude Gold
1.1xn/aUS$125.6m
DC Dakota Gold
2.2xn/aUS$207.7m
CMCL Caledonia Mining
0.8x93.0%US$200.4m
GROY Gold Royalty
0.4x171.6%US$216.7m
ITRG Integra Resources
4.4xn/aUS$212.4m

Price-To-Book vs Peers: ITRG is expensive based on its Price-To-Book Ratio (4.4x) compared to the peer average (1.1x).

Price to Book Ratio vs Industry

How does ITRG's PB Ratio compare vs other companies in the US Metals and Mining Industry?

8 CompaniesPrice / BookEstimated GrowthMarket Cap
NEVD.Q Nevada Copper
0.1xn/aUS$26.02m
VITF.F Victoria Gold
0.06xn/aUS$23.43m
BMXI Brookmount Explorations
0.1xn/aUS$6.03m
LITM Snow Lake Resources
0.2xn/aUS$4.01m
ITRG 4.4xIndustry Avg. 1.8xNo. of Companies14PB012345+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: ITRG is expensive based on its Price-To-Book Ratio (4.4x) compared to the US Metals and Mining industry average (1.8x).

Price to Book Ratio vs Fair Ratio

What is ITRG'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.

ITRG PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio4.4x
Fair PB Ration/a

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

Analyst Price Targets

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

The above table shows the analyst ITRG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$0.90
US$2.74
+204.6%
20.8%US$3.60US$2.22n/a4
Nov ’25US$1.11
US$2.58
+132.3%
13.7%US$2.94US$2.22n/a4
Oct ’25US$0.98
US$2.58
+162.2%
13.8%US$2.94US$2.22n/a4
Sep ’25US$0.96
US$2.53
+164.1%
16.2%US$2.94US$2.02n/a4
Aug ’25US$0.89
US$2.50
+180.7%
16.6%US$2.92US$1.99n/a4
Jul ’25US$0.91
US$2.52
+176.8%
17.3%US$2.92US$1.82n/a5
Jun ’25US$0.91
US$2.52
+177.1%
17.3%US$2.93US$1.83n/a5
May ’25US$0.76
US$2.57
+239.9%
14.2%US$2.91US$2.03n/a5
Apr ’25US$0.73
US$2.25
+206.0%
23.5%US$2.96US$1.41n/a5
Mar ’25US$0.71
US$2.64
+271.2%
23.0%US$3.16US$1.41n/a6
Feb ’25US$0.86
US$2.70
+212.3%
25.1%US$3.53US$1.41n/a6
Jan ’25US$1.06
US$3.08
+190.5%
31.5%US$4.51US$1.50n/a6
Dec ’24US$0.92
US$3.10
+236.2%
31.9%US$4.44US$1.46n/a6
Nov ’24US$0.75
US$3.11
+315.1%
32.0%US$4.44US$1.46US$1.116
Oct ’24US$0.84
US$3.30
+290.7%
27.9%US$4.44US$1.48US$0.986
Sep ’24US$0.88
US$3.68
+318.1%
11.2%US$4.40US$3.10US$0.966
Aug ’24US$0.95
US$3.80
+301.6%
12.4%US$4.55US$3.10US$0.896
Jul ’24US$1.10
US$3.41
+209.6%
24.8%US$4.53US$1.95US$0.916
Jun ’24US$1.13
US$4.03
+256.4%
47.4%US$8.38US$1.95US$0.917
May ’24US$1.31
US$4.16
+216.9%
53.4%US$8.38US$1.96US$0.765
Apr ’24US$1.37
US$4.41
+221.7%
48.0%US$8.38US$1.93US$0.736
Mar ’24US$1.34
US$5.29
+294.1%
37.8%US$8.38US$1.93US$0.717
Feb ’24US$1.71
US$5.21
+203.7%
39.6%US$8.38US$1.96US$0.867
Jan ’24US$1.58
US$5.08
+221.0%
41.2%US$8.38US$1.81US$1.067
Dec ’23US$1.75
US$5.09
+190.6%
41.1%US$8.38US$1.81US$0.927
Nov ’23US$1.47
US$5.07
+245.6%
41.3%US$8.38US$1.81US$0.757

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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