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 ...

Core Viewpoint - Investors are encouraged to consider Idaho Strategic Resources, Inc. (IDR) due to solid improvements in earnings estimates and positive short-term price momentum, which may continue as the earnings outlook improves [1][6]. Estimate Revisions - There is strong consensus among analysts in raising earnings estimates for Idaho Strategic Resources, leading to significantly higher consensus estimates for the next quarter and the full year [2]. Current-Quarter Estimate Revisions - For the current quarter, the expected earnings per share (EPS) is $0.21, reflecting a +600% change from the previous year's reported number. Over the last 30 days, one estimate has increased with no negative revisions, resulting in a 22.22% increase in the Zacks Consensus Estimate [3]. Current-Year Estimate Revisions - The expected EPS for the full year is $0.77, indicating a +755.56% change from the prior year's figure. The trend for the current year shows one estimate moving higher with no negative revisions, contributing to a 6.94% increase in the consensus estimate [4]. Zacks Rank - Idaho Strategic Resources holds a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which is a reliable rating tool that helps investors leverage earnings estimate revisions for informed investment decisions. Stocks with Zacks Rank 1 and 2 have been shown to significantly outperform the S&P 500 [5]. Stock Performance - Over the past four weeks, shares of Idaho Strategic Resources have increased by 16.1%, indicating investor confidence in the company's earnings growth prospects [6].

Core Viewpoint - The sustainability of a trend is crucial for successful short-term investing, and confirming fundamental factors is essential to maintain momentum in stocks [1][2]. Group 1: Stock Performance - Idaho Strategic Resources, Inc. (IDR) has shown a solid price increase of 50.7% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 16.1% in the last four weeks, suggesting that the upward trend is still intact [5]. - IDR is currently trading at 95.6% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - IDR holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks with strong fundamentals that can maintain their upward trends [3]. - There are several other stocks that also pass through this screening process, providing additional investment opportunities [8].

Core Insights - Idaho Strategic Resources, Inc. (IDR) shares increased by 15.6% to close at $16.70, driven by notable trading volume compared to the previous four weeks where the stock experienced a 0.2% loss [1][2] Company Developments - The company announced a new high-grade gold discovery at its Golden Chest mine, specifically the Red Star Vein, located approximately 600 meters north of existing mining operations [2] - IDR is currently operating three drill rigs at the Golden Chest Mine and is constructing a paste backfill plant on-site while upgrading the New Jersey Mill for tailings backhaulage [3] Financial Performance Expectations - The upcoming quarterly earnings report is expected to show earnings of $0.20 per share, reflecting a year-over-year increase of 566.7%, with revenues projected at $7 million, up 112.1% from the previous year [4] - The consensus EPS estimate for IDR has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [5] Industry Context - Idaho Strategic Resources is part of the Zacks Mining - Gold industry, where Newmont Corporation (NEM) also operates, having closed 1.1% higher at $56.27 with a 4.8% return over the past month [5] - Newmont's consensus EPS estimate has increased by 8.9% over the past month to $0.77, representing a year-over-year change of 113.9% [6]

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 ...