We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Idaho Strategic Resources (IDR) Moves 6.0% Higher: Will This Strength Last?
Read MoreHide Full Article
Idaho Strategic Resources, Inc. (IDR - Free Report) shares ended the last trading session 6% higher at $30.91. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 19.7% gain over the past four weeks.
The company’s shares have gained as gold prices soared to record highs, fueled by rising expectations of additional U.S. Federal Reserve rate cuts. The Fed lowered interest rates by 25 basis points last week and indicated the potential for two more reductions this year. Year to date, gold is up 40.4%, supported by safe-haven buying amid persistent geopolitical tensions, tariff concerns and strong central bank purchases.
Idaho Strategic Resources has also been included in the VanEck Junior Gold Miners ETF (GDXJ - Free Report) , marking another milestone following its earlier addition to the Russell 3000 index. This development has further elevated the company’s visibility among both retail and institutional investors.
This company is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of +26.7%. Revenues are expected to be $9.4 million, up 52.9% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Idaho Strategic Resources, the consensus EPS estimate for the quarter has been revised 5% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on IDR going forward to see if this recent jump can turn into more strength down the road.
Idaho Strategic Resources is part of the Zacks Mining - Gold industry. AngloGold Ashanti (AU - Free Report) , another stock in the same industry, closed the last trading session 5% higher at $67.82. AU has returned 17.8% in the past month.
For AngloGold Ashanti, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.21. This represents a change of +116.1% from what the company reported a year ago. AngloGold Ashanti currently has a Zacks Rank of #3 (Hold).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Idaho Strategic Resources (IDR) Moves 6.0% Higher: Will This Strength Last?
Idaho Strategic Resources, Inc. (IDR - Free Report) shares ended the last trading session 6% higher at $30.91. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 19.7% gain over the past four weeks.
The company’s shares have gained as gold prices soared to record highs, fueled by rising expectations of additional U.S. Federal Reserve rate cuts. The Fed lowered interest rates by 25 basis points last week and indicated the potential for two more reductions this year. Year to date, gold is up 40.4%, supported by safe-haven buying amid persistent geopolitical tensions, tariff concerns and strong central bank purchases.
Idaho Strategic Resources has also been included in the VanEck Junior Gold Miners ETF (GDXJ - Free Report) , marking another milestone following its earlier addition to the Russell 3000 index. This development has further elevated the company’s visibility among both retail and institutional investors.
This company is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of +26.7%. Revenues are expected to be $9.4 million, up 52.9% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Idaho Strategic Resources, the consensus EPS estimate for the quarter has been revised 5% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on IDR going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Idaho Strategic Resources is part of the Zacks Mining - Gold industry. AngloGold Ashanti (AU - Free Report) , another stock in the same industry, closed the last trading session 5% higher at $67.82. AU has returned 17.8% in the past month.
For AngloGold Ashanti, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.21. This represents a change of +116.1% from what the company reported a year ago. AngloGold Ashanti currently has a Zacks Rank of #3 (Hold).