Core Insights - The article emphasizes a versatile investment strategy suitable for various investor profiles, including dividend investors, value seekers, and those looking for growth opportunities [1]. Summary by Categories Investment Strategy - The investment strategy described is adaptable, catering to different types of investors, whether they focus on dividends, value propositions, or growth opportunities [1].

Core Viewpoint - Idaho Strategic Resources, Inc. (IDR) reported strong third-quarter results but missed consensus estimates, leading to a 27% decline in share price since the announcement despite a year-to-date gain of 83% [1][2]. Financial Performance - IDR's revenues for Q3 2024 were $6.15 million, an 86.4% increase year-over-year, but below the Zacks Consensus Estimate of $7.4 million [4]. - The company produced 2,892 ounces of gold in the quarter, a 45% increase from the previous year, bringing year-to-date production to 9,025 ounces [4]. - Gross margin improved to 48.7% from 33.5% year-over-year, and operating income surged 248% to $1.4 million, with an operating margin of 23.4% [5]. Exploration and Costs - Exploration expenses increased due to heightened drilling activities at the Golden Chest Mine, with all-in-sustaining costs per ounce rising to $1,500.86 from $1,333.73 year-over-year [6]. - The company has discovered the Red Star Vein during drilling, indicating potential for future production, although economic feasibility is still uncertain [12]. Earnings Estimates - The Zacks Consensus Estimate for IDR's fiscal 2024 earnings has decreased over the past 60 days, yet still suggests a year-over-year increase of 689% [7]. - Earnings estimates for fiscal 2025 have improved, indicating an 11.3% rise year-over-year [8]. Liquidity and Growth Plans - As of Q3 2024, IDR had cash and cash equivalents of $8.4 million, up from $2.3 million at the end of 2023, with a total debt-to-total capital ratio of 0.06, significantly lower than the industry average of 0.16 [13]. - The company plans to invest in existing mines and explore new opportunities, including drilling at the Eastern Star property and expanding operations at the Golden Chest [14]. Market Position and Valuation - IDR's return on equity (ROE) stands at 22.1%, outperforming the industry average of 8.4% and major competitors like Barrick Gold and Newmont [17]. - The stock is currently trading at 5.62X forward 12-month price to sales, above the industry average of 2.53X, indicating a potentially stretched valuation [19].

分组1 - Idaho Strategic Resources, Inc. reported quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.21 per share, representing an earnings surprise of -28.57% [1] - The company posted revenues of $6.15 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 16.85%, compared to year-ago revenues of $3.3 million [2] - The stock has increased approximately 151.6% since the beginning of the year, outperforming the S&P 500's gain of 20.1% [3] 分组2 - The current consensus EPS estimate for the coming quarter is $0.22 on revenues of $7.7 million, and for the current fiscal year, it is $0.77 on revenues of $27.1 million [7] - The Mining - Gold industry is currently in the top 6% of over 250 Zacks industries, indicating a favorable outlook for stocks in this sector [8]

Financial Performance - Revenue increased by 86.4% from $3,301,221 in Q3 2023 to $6,153,287 in Q3 2024, and year-to-date revenue rose by 84% from $9,879,332 to $18,177,607[78]. - Gross profit as a percentage of sales improved from 33.5% in Q3 2023 to 48.7% in Q3 2024, and for the nine-month periods, it increased from 28% to 49%[78]. - Operating income for Q3 2024 was $1,439,534, up $1,026,073 from $413,461 in Q3 2023, while year-to-date operating income rose by $4,960,632 to $5,677,103[78]. - Net income for Q3 2024 increased by $1,585,525 to $1,989,508, and year-to-date net income rose by $5,536,253 to $6,280,244[78]. Cost Analysis - Cash cost per ounce remained flat in Q3 2024 compared to Q3 2023, while for the nine-month period, it decreased due to a 53.7% increase in ounces produced[78]. - All-in sustaining costs per ounce increased in Q3 2024 compared to Q3 2023 due to higher exploration costs, but decreased slightly for the nine-month period as increased production offset exploration expenses[78]. - For the three months ended September 30, 2024, cash cost per ounce was $852.53, a decrease from $895.96 in the same period of 2023, representing a 4.8% improvement[66]. - AISC (All-In Sustaining Cost) per ounce for the three months ended September 30, 2024, was $1,500.86, compared to $1,333.73 in the same period of 2023, indicating a 12.5% increase[66]. Cash Flow and Liquidity - Net cash provided by operating activities for the nine months ended September 30, 2024, was $8,104,122, significantly higher than $1,343,068 for the same period in 2023, reflecting a 503.5% increase[83]. - The company reported a net change in cash and cash equivalents of $6,105,557 for the nine months ended September 30, 2024, compared to $333,814 in the same period of 2023, marking a substantial increase[83]. - Cash and cash equivalents at the end of the period were $8,392,556, up from $1,971,845 at the end of September 2023[83]. Mining Operations - At the Golden Chest Mine, approximately 10,500 tonnes of ore were mined, and 10,470 dry metric tonnes were processed with a flotation feed head grade of 9.32 gpt gold and a recovery rate of 93.1%[77]. - The company placed a record 3,820 cubic meters of cemented rockfill during the quarter, and advanced the Main Access Ramp by approximately 154 meters[77]. - A total of 10,470 dry metric tonnes were processed at the New Jersey mill with a flotation feed head grade of 9.32 gpt gold and a recovery rate of 93.1%[77]. Exploration Activities - Exploration activities included both underground and surface drilling, with a focus on the Klondike area and the newly found Red Star zone[77]. - The company has three REE exploration properties and is actively seeking partnerships to enhance its REE supply chain initiatives[72]. - The company has conducted numerous exploration programs on its REE properties, including drilling and sampling, to advance its exploration activities[71]. - The company believes it has a first-mover advantage in the REE sector due to its recognized land holdings in Idaho[71]. - The company has three REE exploration properties in Idaho, aiming to diversify its asset base and capitalize on the anticipated demand for critical minerals[71]. Strategic Initiatives - The company issued 47,027 shares of common stock for net proceeds of $263,351 during the third quarter of 2024[87]. - The company is currently producing profitably from the Golden Chest Mine and plans to reinvest cash flow into further exploration and production efforts[68]. - The company expects continued exploration drilling throughout Q4 2024, which may lead to increased exploration expenses compared to prior periods[78]. Compliance and Governance - There was no material change in internal control over financial reporting in the quarter ended September 30, 2024[86]. - The company filed an Amended and Restated By-laws document with the SEC on October 27, 2021[20]. - A Purchase and Sale Agreement was executed on January 16, 2024, with Bell Run Properties, L.L.C., indicating ongoing strategic transactions[20]. - Certifications pursuant to the Sarbanes-Oxley Act of 2002 were filed, ensuring compliance with financial reporting standards[20]. - Mine safety information was disclosed in accordance with Section 1503 of the Dodd-Frank Act, reflecting the company's commitment to safety regulations[20].

Core Viewpoint - Idaho Strategic Resources (IDR) is anticipated to show significant year-over-year improvements in both revenue and earnings for the third quarter of 2024, driven by rising gold prices and increased production levels [1][9]. Financial Performance - The Zacks Consensus Estimate for IDR's earnings in Q3 2024 is 21 cents per share, a substantial increase from 3 cents in Q3 2023, reflecting a 600% improvement [2]. - Revenue estimates for IDR are projected at $7.40 million, indicating a 124% increase compared to the same quarter last year [3]. Earnings Surprise History - IDR has beaten the Zacks Consensus Estimates in three of the last four quarters, with an average earnings surprise of 116.55% [4][5]. Production and Market Factors - In the first half of 2024, IDR produced 6,019 ounces of gold, a 55% increase from 3,877 ounces in the first half of 2023, contributing to the positive outlook for Q3 [8]. - Average gold prices in Q3 2024 were $2,491 per ounce, up 29% from the previous year, influenced by expectations of interest rate cuts and geopolitical tensions [9]. Cost and Efficiency - Increased exploration expenses are expected due to drilling activities at the Golden Chest Mine, but higher production levels are likely to result in lower cash costs, enhancing overall earnings [10]. Stock Performance - IDR shares have surged 220.9% over the past year, outperforming the industry average of 48.4% and major gold miners like Barrick Gold and Newmont [11]. - The stock is currently trading at a forward sales multiple of 8.09, significantly above the industry average of 2.97 [12]. Investment Thesis - IDR is well-positioned for growth with strong cash flow and low debt, allowing for investments in existing mines and exploration of new opportunities, including the recent discovery of the Red Star Vein [14]. - The rising demand for rare earth elements (REEs) presents additional growth potential, as the U.S. focuses on developing domestic REE capabilities [16]. Conclusion - IDR is expected to deliver solid year-over-year improvements in revenues and earnings, supported by favorable gold prices and production levels, making it an attractive investment despite its high valuation [17].

Company Overview - Idaho Strategic Resources, Inc. (IDR) is expected to report a year-over-year increase in earnings due to higher revenues for the quarter ended September 2024, with a consensus EPS estimate of $0.21, reflecting a +600% change [1][3] - Revenues are anticipated to reach $7.4 million, which is a 124.2% increase from the same quarter last year [3] Earnings Estimates and Revisions - The consensus EPS estimate has been revised 22.22% higher in the last 30 days, indicating a reassessment by analysts [4] - The Most Accurate Estimate for IDR matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with a strong predictor of earnings beats being a positive Earnings ESP combined with a Zacks Rank of 1, 2, or 3 [7][8] - IDR currently holds a Zacks Rank of 1, but the combination with a 0% Earnings ESP makes it difficult to predict an earnings beat conclusively [10][11] Historical Performance - In the last reported quarter, IDR exceeded the expected earnings of $0.07 per share by delivering $0.17, resulting in a surprise of +142.86% [12] - Over the past four quarters, IDR has beaten consensus EPS estimates three times [13] Industry Context - In the Zacks Mining - Gold industry, Agnico Eagle Mines (AEM) is expected to post earnings of $0.98 per share for the same quarter, indicating a +122.7% year-over-year change, with revenues projected at $1.83 billion, up 11.2% [17] - AEM has an Earnings ESP of 5.82% and a Zacks Rank of 1, suggesting a high likelihood of beating the consensus EPS estimate [18]

Core Insights - Idaho Strategic Resources, Inc. (IDR) has shown significant stock performance, closing at $16.87, just 2% below its 52-week high, with a year-to-date return of 166.4%, outperforming the Zacks Mining - Gold industry and major gold miners [1][4][15] Financial Performance - In the first half of 2024, IDR produced 6,019 ounces of gold, a 55% increase from 3,877 ounces in the same period of 2023, with revenues rising 82.8% year-over-year to approximately $12 million [7] - Earnings per share for the first half of 2024 reached 34 cents, marking a 325% year-over-year increase [7] - The company ended Q2 2024 with cash and cash equivalents of $1.8 million and short-term investments of $6.3 million, with a total debt-to-total capital ratio of 0.07, significantly lower than the industry average of 0.17 [8] Production and Exploration - The Golden Chest Mine has transitioned to underground production, mining 37,780 tons of ore at an average grade of 6.36 gpt gold, resulting in a production of 8,247 ounces of gold, a 35% year-over-year increase [4][5] - Recent discoveries, including the Red Star Vein, have shown high-grade gold intercepts, although the full production potential is still being assessed [5][6] Market Conditions - Gold prices have increased by 30.6% year-to-date, currently at $2,700 per ounce, driven by safe-haven demand amid geopolitical uncertainties and expectations of interest rate cuts [9] - The company is also exploring opportunities in the rare earth element (REE) market, with significant demand projected for clean energy technologies [10] Valuation and Investor Sentiment - IDR's return on equity (ROE) stands at 22.07%, significantly higher than the industry average of 7.47%, indicating strong profitability [15] - The stock is currently trading at a premium valuation of 8.51X forward price to sales, compared to the industry average of 3.03X, reflecting high investor expectations [18][19] - The Zacks Consensus Estimate for IDR's 2024 earnings has increased by 7% over the past 60 days, with a projected earnings surge of 756% year-over-year [11][13]

Core Viewpoint - The article emphasizes the strategy of selecting breakout stocks that are poised for significant price increases, focusing on stocks that are about to break above their trading bands for potential high returns [1]. Group 1: Breakout Stock Selection - To identify breakout stocks, investors must calculate support and resistance levels, where support is the lower price limit and resistance is the upper price limit for stock movements [2]. - A genuine breakout occurs when a stock surpasses its resistance level, which then becomes the new support level, indicating a strong buying opportunity [3]. Group 2: Screening Criteria - The screening criteria for breakout stocks include: - A percentage price change over four weeks between 10% and 20% [4]. - A current price that is at least 90% of the 52-week high [4]. - A Zacks Rank of 1, indicating a strong buy rating [4]. - A beta of 2 or less, showing reasonable volatility compared to the broader market [4]. - A current price of $20 or less, ensuring affordability [4]. Group 3: Featured Stocks - Idaho Strategic Resources (IDR) is a junior mining company with a focus on gold production and an expected earnings growth rate of 700% for the current year [4][6]. - MAG Silver Corp. (MAG) specializes in high-grade mining projects across the Americas, with an expected earnings growth rate of 46.8% for the current year [5]. - Latham Group, Inc. (SWIM) designs and manufactures residential swimming pools, with an expected earnings growth rate of 750% for the current year [6].

Idaho Strategic Resources (IDR) is a Zacks Rank #1 (Strong Buy) that has a F for Value and an A for Growth. Idago Strategic Resources is a junior miner that produces gold and other precious metals. Let's explore more about this company in this Bull of The Day article. Description Idaho Strategic Resources, Inc. engages in the exploration and development of gold, silver and base metal deposits. It has a portfolio of mineral properties namely: Golden Chest Mine, Murray Gold Belt, Butte Highlands and Central I ...

Investors might want to bet on Idaho Strategic Resources, Inc. (IDR) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlat ...