Bull Of The Day: Idaho Strategic Resources (IDR)

Core Viewpoint - Idaho Strategic Resources (IDR) is recognized as a strong buy with a Zacks Rank of 1, indicating strong growth potential despite a low value rating [1] Company Overview - Idaho Strategic Resources, Inc. focuses on the exploration and development of gold, silver, and base metal deposits, with properties including the Golden Chest Mine, Murray Gold Belt, Butte Highlands, and Central Idaho [2] Earnings History - The company has a solid earnings history, having surpassed the Zacks Consensus in three of the last four quarters, with an average positive earnings surprise of 116% over this period [3] - Earnings estimates for the current quarter have increased from $0.07 to $0.21, and for the next quarter from $0.07 to $0.22; the full year fiscal 2024 estimate has risen from $0.27 to $0.72 in the last 60 days [3] Future Earnings Estimates - The earnings estimate for the next year has seen a slight increase from $0.68 to $0.77 over the last 30 days [4] Growth Projections - For fiscal 2024, the company is expected to achieve 88% growth with projected sales of $25.7 million; however, analysts anticipate no growth for the following year until further quarterly reports are released [5] Valuation Metrics - The forward earnings multiple for IDR is 21x, aligning closely with the historic market multiple of 23x; the price to book multiple stands at 7.7x, indicating potential for growth given the asset-heavy model [6] - The price to sales ratio is currently at 11.3x, which is expected to improve as revenue growth accelerates in the coming year [6]