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Globe says MacArthur rates Integra "outperform"

2025-12-19 06:07 ET - In the News

The Globe and Mail reports in its Friday, Dec. 19, edition that Raymond James analyst Brian MacArthur, in response to the release of the Feasibility Study results for Integra Resources wholly owned DeLamar gold and silver heap leach project, raised his share target to $6.50 from $5.75, with an unchanged "outperform" ranking. The Globe's David Leeder writes in the Eye On Equities column that analysts on average the shares at $6.83. Mr. MacArthur says in a note: "Integra's producing asset is the Florida Canyon mine in Nevada. In addition, ITR plans to use cash flow from Florida Canyon to develop the DeLamar project in Idaho (a lower-risk jurisdiction with a Governor that is pro-mining, and near infrastructure) and the Nevada North project in Nevada (another lower risk jurisdiction) to create a multi asset U.S. producer. Given the lower jurisdictional risk, potential for resource and production growth we rate the shares 'outperform.'" The Globe reported on July 31, 2024, that Mr. MacArthur continued to rate Integra Resources "outperform." The shares could then be had for $1.26.

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