Perpetua Resources (NASDAQ:PPTA - Free Report) had its target price raised by HC Wainwright from $13.25 to $22.00 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.
PPTA has been the topic of several other reports. National Bank Financial assumed coverage on shares of Perpetua Resources in a report on Friday, September 6th. They issued an "outperform" rating on the stock. Roth Mkm upped their price target on shares of Perpetua Resources from $12.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd.
View Our Latest Stock Analysis on PPTA
Perpetua Resources Price Performance
NASDAQ:PPTA traded up $1.50 during mid-day trading on Friday, hitting $10.60. The company's stock had a trading volume of 924,361 shares, compared to its average volume of 264,616. Perpetua Resources has a 1 year low of $2.69 and a 1 year high of $10.75. The stock has a market cap of $705.63 million, a price-to-earnings ratio of -47.95 and a beta of 0.27. The business's fifty day moving average is $9.37 and its two-hundred day moving average is $7.49.
Insider Transactions at Perpetua Resources
In other news, insider Alan Douglas Haslam sold 40,000 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $10.07, for a total transaction of $402,800.00. Following the sale, the insider now directly owns 65,571 shares of the company's stock, valued at $660,299.97. This represents a 37.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.90% of the company's stock.
Institutional Investors Weigh In On Perpetua Resources
Several hedge funds have recently modified their holdings of PPTA. Herr Investment Group LLC purchased a new position in Perpetua Resources in the 1st quarter valued at about $5,701,000. Fourth Sail Capital LP purchased a new position in Perpetua Resources in the 3rd quarter valued at about $10,405,000. M&G Plc purchased a new position in Perpetua Resources in the 1st quarter valued at about $805,000. Nokomis Capital L.L.C. purchased a new position in Perpetua Resources in the 1st quarter valued at about $406,000. Finally, State Street Corp lifted its stake in Perpetua Resources by 8.8% in the 3rd quarter. State Street Corp now owns 593,502 shares of the company's stock valued at $5,549,000 after buying an additional 48,220 shares in the last quarter. 70.07% of the stock is owned by hedge funds and other institutional investors.
About Perpetua Resources
(
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Perpetua Resources Corp. engages in the exploration and development of mineral properties in the United States. The company primarily explores for gold, silver, and antimony deposits. Its principal asset is the 100% owned Stibnite Gold project, which includes 1,672 unpatented lode claims, mill sites, and patented land holdings covering an area of approximately 11,548 hectares located in Valley County, Idaho.
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