Idaho Strategic ResourcesNYSE American: IDR

As Idaho Strategic's shares decline 24% after reporting weaker-than-expected Q3 results, let us find the best strategy for investors now.

Idaho Strategic Resources, Inc. (IDR) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.03 per share a year ago.

Highlighted by an 86.39% Increase in Revenue and a 376.44% Increase in Net Income - IDR Continued its Strong Financial Performance Despite Increased Exploration Expense Leading to the Discovery of the Red Star Vein COEUR D'ALENE, ID / ACCESSWIRE / November 4, 2024 / Idaho Strategic Resources, Inc. (NYSE American:IDR) ("IDR", "Idaho Strategic" or the "Company") today announced its consolidated operating and financial results for the second quarter ending September 30, 2024. IDR achieved an 86.39% increase in revenue and a 376.44% increase in net income compared to the second quarter of 2023.

Idaho Strategic's Q3 results are likely to reflect the impacts of higher gold prices and production. Let us analyze how investors should play the IDR stock now.

Idaho Strategic Resources (IDR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Idaho Strategic Resources, Inc.'s IDR shares closed at $16.87 yesterday, just 2% below its 52-week high of $17.25 reached on Oct. 2.

Idaho Strategic Resources, MAG Silver and Latham Group have been selected as the breakout stocks for today.

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.

Idaho Strategic Resources (IDR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.