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 ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock ali ...

Idaho Strategic Resources, Inc. (IDR) shares rallied 15.6% in the last trading session to close at $16.70. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 0.2% loss over the past four weeks. Idaho Strategic shares have been gaining following the announcement that it has made a new high-grade gold discovery at its Golden Chest mine. The Red Star Vein discovery occurred during a drill program targeting hanging ...

Shares of Idaho Strategic Resources Inc (IDR, Financial) surged 4.29% in mid-day trading on Oct 2. The stock reached an intraday high of $17.25, before settling at $17.00, up from its previous close of $16.30. This places IDR 1.45% below its 52-week high of $17.25 and 279.46% above its 52-week low of $4.48. Trading volume was 155,114 shares, 81.1% of the average daily volume of 191,272. Wall Street Analysts Forecast Based on the one-year price targets offered by 1 analysts, the average target price for Idah ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Our ...

Idaho Strategic Resources, Inc. (IDR) shares rallied 6.8% in the last trading session to close at $14.84. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 27.2% gain over the past four weeks. Shares of Idaho Strategic Resources gained on record gold prices, which was backed by increased geopolitical tensions, the potential for monetary policy easing and continuous purchasing by central banks. The yellow metal ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate re ...