Integra Resources Corp. Receives Buy Rating and Price Target of C$3.75 from Raymond James

Sunday, Jun 29, 2025 9:43 pm ET1min read

Raymond James analyst Brian MacArthur maintains a Buy rating on Integra Resources Corp with a price target of C$3.75. The analyst consensus is a Strong Buy with an average price target of C$4.00, implying a 97.04% upside from current levels. The company's market cap is C$343.1M and has a P/E ratio of -19.84.

Integra Resources Corp. (TSXV: ITR) (NYSE American: ITRG) has provided production guidance for 2025, with a focus on its Florida Canyon Mine in Nevada. The company expects gold production from Florida Canyon to reach 70,000 to 75,000 ounces in 2025 [1]. This guidance includes mining approximately 13.5 million tonnes of ore and 11.2 million tonnes of waste, resulting in a strip ratio of 0.83 [2].

The company's total cash costs are projected between $1,800 and $1,900 per ounce sold, with mine-site all-in sustaining costs ranging from $2,450 to $2,550 per ounce sold [2]. Integra has allocated $48.0-$53.0 million to sustaining capital expenditures at Florida Canyon, primarily for capitalized waste stripping, mobile fleet rebuild and replacement, and heap leach pad expansion. An additional $8.0-$10.0 million is earmarked for growth capital expenditures, including a 10,000-meter drilling program aimed at expanding oxide resources [2].

Raymond James analyst Brian MacArthur maintains a Buy rating on Integra Resources Corp. with a price target of C$3.75 [3]. The analyst consensus is a Strong Buy with an average price target of C$4.00, implying a 97.04% upside from current levels. The company's market cap is C$343.1M and has a P/E ratio of -19.84 [3].

References:
[1] https://www.marketscreener.com/quote/stock/INTEGRA-RESOURCES-CORP-43412750/news/Integra-Resources-Corp-Provides-Production-Guidance-for-the-Year-2025-50342598/
[2] https://www.investing.com/news/company-news/integra-resources-sets-gold-production-target-of-7000075000-oz-for-2025-93CH-4112132
[3] https://www.marketscreener.com/quote/stock/INTEGRA-RESOURCES-CORP-43412750/news/Integra-Resources-Corp-Provides-Production-Guidance-for-the-Year-2025-50342598/

Integra Resources Corp. Receives Buy Rating and Price Target of C$3.75 from Raymond James

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