olivLaw · US equity research
Integra Resources Corp. ITRG
Gold and Silver Ores · SIC 1040 · Vertical: Gold and Silver Ores (SIC 1040)
At the close of 05 Nov 2026, Integra Resources Corp. (ITRG) stock was 2.14 USD (−2.28% on the day), with market capitalisation 389.6 m USD, beta 1.04, 52-week range 2.00–4.62 USD.
Data as of · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 39.4
- weak (30–45)
- Bollinger (20, 2)
- 1.99 – 2.61
- in the lower half of the band · %B 0.25 · band width 27.3%
- SMA 50 / 200
- 2.56 / 2.82
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.13 / -0.12
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −19.5% | −5.9% | −13.6 pp | — |
| 3 months | −11.2% | −4.6% | −6.6 pp | — |
| 6 months | −24.4% | +0.2% | −24.6 pp | — |
| Year to date | −46.6% | +7.4% | −54.1 pp | — |
| 1 year | −21.9% | +8.2% | −30.1 pp | −4.4% |
| 3 years | +198.1% | +68.4% | +129.6 pp | +140.8% |
| 5 years | −11.6% | +56.5% | −68.1 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | unavailable | unavailable | unavailable | unavailable | 0 | 30.4 m | 243.9 m |
| Revenue YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | +703.7% |
| Net income | unavailable | -20.2 m | -32.9 m | -19.8 m | -29.0 m | -9.5 m | -2.2 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | -0.41 | -1.45 | -0.71 | -0.52 | -0.10 | -0.01 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | unavailable | unavailable | unavailable | unavailable | unavailable | -31.3% | -0.9% |
| Free cash flow | unavailable | -17.2 m | -31.7 m | -18.2 m | -26.8 m | -13.4 m | 25.1 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 63.1 m USD
- Financial debt
- 0 USD
- Net debt
- -63.1 m USD
- Equity
- 185.2 m USD
- Total assets
- 311.2 m USD
- Debt / equity
- 0.00x
- Current ratio
- 3.52x
- ROE
- -1.4%
- ROA
- -0.8%
- FCF margin
- 10.3%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | 0 | 30.4 m | 243.9 m | SEC (XBRL)· 25 Mar 2026verified |
| Cost of revenue | — | — | — | 0 | 25.0 m | 149.4 m | SEC (XBRL)· 25 Mar 2026verified |
| Gross profit | — | — | — | 0 | 5.4 m | 94.5 m | SEC (XBRL)· 25 Mar 2026verified |
| Operating income | -19.1 m | -31.7 m | -19.2 m | -28.4 m | -16.6 m | 67.4 m | SEC (XBRL)· 25 Mar 2026verified |
| Depreciation & amortisation | — | — | — | 0 | 1.9 m | — | SEC (XBRL)· 26 Mar 2025verified |
| EBITDA | — | — | — | -28.4 m ≈ | -14.7 m ≈ | — | SEC (XBRL)· 25 Mar 2026derived |
| Interest expense | — | — | — | 1.9 m | 2.7 m | — | SEC (XBRL)· 26 Mar 2025verified |
| Pre-tax income | -20.2 m | -32.9 m | -19.8 m | -29.0 m | -8.8 m | 19.1 m | SEC (XBRL)· 25 Mar 2026verified |
| Income tax | 0 | 0 | 0 | 0 | 736.0 k | 21.3 m | SEC (XBRL)· 25 Mar 2026verified |
| Net income | -20.2 m | -32.9 m | -19.8 m | -29.0 m | -9.5 m | -2.2 m | SEC (XBRL)· 25 Mar 2026verified |
| Diluted EPS | -0.41 | -1.45 | -0.71 | -0.52 | -0.10 | -0.01 | SEC (XBRL)· 25 Mar 2026verified |
| Weighted average diluted shares | 49.8 m | 22.8 m | 27.8 m | 56.4 m | 96.5 m | 169.3 m | SEC (XBRL)· 25 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 29.1 m | 14.3 m | 15.9 m | 8.8 m | 52.2 m | 63.1 m | SEC (XBRL)· 25 Mar 2026verified |
| Receivables | 663.6 k | 721.6 k | 1.1 m | 1.1 m | 3.2 m | — | SEC (XBRL)· 26 Mar 2025verified |
| Inventories | — | — | — | 0 | 58.0 m | 58.3 m | SEC (XBRL)· 25 Mar 2026verified |
| Current assets | 29.7 m | 15.1 m | 17.0 m | 9.9 m | 114.5 m | 129.8 m | SEC (XBRL)· 25 Mar 2026verified |
| Property, plant & equipment, net | 1.6 m | 2.6 m | 2.2 m | 3.0 m | 105.1 m | 165.5 m | SEC (XBRL)· 25 Mar 2026verified |
| Total assets | 89.2 m | 75.2 m | 61.4 m | 82.4 m | 237.1 m | 311.2 m | SEC (XBRL)· 25 Mar 2026verified |
| Accounts payable | 2.6 m | 2.5 m | 2.6 m | 4.5 m | 19.9 m | 24.1 m | SEC (XBRL)· 25 Mar 2026verified |
| Short-term debt | 132.4 k | 202.6 k | 216.9 k | 10.8 m | 14.1 m | 0 | SEC (XBRL)· 25 Mar 2026verified |
| Long-term debt | 360.7 k | 395.0 k | 178.1 k | 42.0 k | 0 | — | SEC (XBRL)· 26 Mar 2025verified |
| Current liabilities | 5.7 m | 5.7 m | 15.4 m | 16.7 m | 50.1 m | 36.9 m | SEC (XBRL)· 25 Mar 2026verified |
| Total liabilities | 47.4 m | 46.1 m | 40.1 m | 41.9 m | 106.5 m | 126.0 m | SEC (XBRL)· 25 Mar 2026verified |
| Equity | 41.8 m | 29.1 m | 21.3 m | 40.5 m | 130.6 m | 185.2 m | SEC (XBRL)· 25 Mar 2026verified |
| Shares outstanding at year end | 54.6 m | 62.6 m | 79.8 m | 68.9 m | 168.7 m | 182.1 m | SEC (XBRL)· 25 Mar 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -16.8 m | -30.5 m | -18.1 m | -26.5 m | -10.1 m | 72.3 m | SEC (XBRL)· 25 Mar 2026verified |
| Capex | 314.0 k | 1.2 m | 66.1 k | 378.0 k | 3.3 m | 47.2 m | SEC (XBRL)· 25 Mar 2026verified |
| Free cash flow | -17.2 m ≈ | -31.7 m ≈ | -18.2 m ≈ | -26.8 m ≈ | -13.4 m ≈ | 25.1 m ≈ | SEC (XBRL)· 25 Mar 2026derived |
| Investing cash flow | 913.3 k | -1.3 m | -95.1 k | -4.2 m | 28.0 m | -46.2 m | SEC (XBRL)· 25 Mar 2026verified |
| Financing cash flow | 20.9 m | 17.1 m | 19.8 m | 23.5 m | 25.5 m | -15.7 m | SEC (XBRL)· 25 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- score weight coverage: 56.2% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 389.6 m USD
Key indicators
Coverage and freshness
Score by group
56% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 2.82 – 4.83 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)2.82 – 4.12 (Mid 3.33)WACC 9.3% · starting FCFF 27.4 m USD · terminal value share of EV 74%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): -7.4%
- Peers: EV/EBITDA4.27 – 4.83 (Mid 4.29)5 companies used · median multiple 10.4x · quartiles 10.3x – 11.8xAG, EQX, IDR, MUX, PAAS
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 56.2% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 52.8% | 100 (vs peers) | 19% |
| Net margin · Quality | -0.9% | 28 (vs peers) | 11% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | -0.9x | 86 (vs peers) | 19% |
| Interest coverage · Balance sheet | 24.6x | 100 (on a fixed band) | 11% |
| Current ratio · Balance sheet | 3.5x | 100 (on a fixed band) | 7% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | 4.7x | 100 (vs peers) | 19% |
| FCF yield · Valuation | 6.4% | 81 (on a fixed band) | 15% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet93/100 · 3/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality73/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation91/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
INTEGRA RESOURCES CORP. (ITRG). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 243.9 m USD in 2025; YoY growth 703.7%; net margin -0.9%; ROE -1.4%; net debt/EBITDA -0.9x.
The estimated value range is 3.55–4.48 USD per share (median of 2 methods, agreement: high); assumptions are illustrative. Against the central value of 3.81 USD, the price of 2.14 USD leaves a potential of 78.0% (value / price − 1) and a margin of safety of 43.8% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 56.2% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 52.8%
- Net debt / EBITDA: -0.9x
- Interest coverage: 24.6x
- Current ratio: 3.5x
- EV/EBITDA: 4.7x
- FCF yield: 6.4%
- The price is below the estimated value range
What contradicts it
- Net margin: -0.9%
Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, P/E (TTM), Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Gold and Silver Ores (SIC 1040) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| NEMNewmont Corporation | 124.4 bn | 13.9 | 26.8% | 34.7% | +21.3% | +32% / +198% |
| AEMAgnico Eagle Mines Limited | 94.5 bn | 21.3 | 19.6% | 37.5% | +43.7% | +8% / +252% |
| BBarrick Mining Corp | 67.6 bn | 13.8 | 19.6% | 29.4% | +31.2% | −2% / +129% |
| FNVFRANCO NEVADA Corp | 48.3 bn | 43.5 | 16.3% | 61.0% | +63.7% | +19% / +124% |
| AUAngloGold Ashanti plc | 44.7 bn | 17.1 | 43.1% | 32.1% | +70.8% | +3% / +360% |
| GFIGold Fields Limited | 33.9 bn | 27.4 | 25.7% | 23.9% | +15.6% | −12% / +147% |
| KGCKinross Gold Corp | 25.9 bn | 11.1 | 31.0% | 33.9% | +36.9% | −23% / +267% |
| PAASPan American Silver Corp. | 17.1 bn | 15.9 | 16.8% | 27.1% | +28.4% | −11% / +159% |
| AGIAlamos Gold Inc. | 13.0 bn | 14.8 | 22.1% | 49.0% | +34.3% | −17% / +110% |
| HMYHarmony Gold Mining Company Limited | 10.7 bn | — | — | — | +25.8% | −14% / +171% |
| IAGIAMGOLD Corporation | 10.3 bn | 15.4 | 19.5% | 25.7% | +74.7% | +13% / +589% |
| EQXEquinox Gold Corp. | 8.9 bn | 32.2 | 4.8% | 12.2% | +99.1% | −19% / +106% |
| AGFirst Majestic Silver Corp. | 7.3 bn | 43.8 | 8.0% | 13.1% | +124.3% | −2% / +149% |
| ARISAris Mining Corp | 3.1 bn | 37.3 | 7.0% | 8.4% | +81.7% | +9% / +382% |
| FSMFortuna Mining Corp. | 2.9 bn | 10.5 | 18.7% | 30.4% | +39.8% | −6% / +143% |
| AAUCAllied Gold Corporation | 2.7 bn | — | -13.8% | -3.9% | +82.3% | +3% / unavailable |
| NGNovagold Resources Inc. | 2.7 bn | — | -32.8% | — | unavailable | −40% / +45% |
| EXKEndeavour Silver Corp. | 2.0 bn | — | -22.4% | -25.5% | +114.8% | −24% / +248% |
| SVMSilvercorp Metals Inc. | 1.8 bn | 29.8 | 9.6% | 19.5% | +38.9% | +7% / +188% |
| HYMCHycroft Mining Holding Corporation | 1.6 bn | — | -72.3% | — | −100.0% | +45% / +695% |
| IAUXi-80 GOLD CORP. | 1.2 bn | — | -81.9% | -202.7% | +89.1% | +16% / −16% |
| NEWPNew Pacific Metals Corp. | 914.5 m | — | -2.8% | — | −19.1% | +93% / +170% |
| MUXMcEWEN INC. | 912.4 m | 12.7 | 13.5% | 32.5% | +13.2% | −20% / +94% |
| MTAMetalla Royalty & Streaming Ltd. | 718.1 m | — | -1.7% | -36.1% | +99.6% | +4% / +141% |
| GROYGold Royalty Corp. | 698.3 m | — | -0.7% | -26.5% | +54.5% | −29% / +101% |
1- and 3-year price returns: for ITRG from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- Integra Resources (ITRG) Hits Record Output, But At A CostYahoo Finance — News · 11 Sept 2026 · EN
The latest news item in our archive is from 11 Sept 2026; the newest SEC filing is from 30 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report (foreign issuer)30 Oct 2026
- Current report (foreign issuer)22 Oct 2026
- Current report (foreign issuer)13 Oct 2026
- Current report (foreign issuer)23 Sept 2026
- Current report (foreign issuer)11 Aug 2026
- Current report (foreign issuer)30 Jul 2026
- Current report (foreign issuer)24 Jul 2026
- Current report (foreign issuer)06 Jul 2026
- Current report (foreign issuer)26 Jun 2026
- Current report (foreign issuer)25 Jun 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.