Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $10.68 and last traded at $10.61, with a volume of 93425 shares. The stock had previously closed at $10.38.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. HC Wainwright restated a "buy" rating and set a $13.25 price target on shares of Perpetua Resources in a research report on Thursday, August 22nd. National Bank Financial assumed coverage on shares of Perpetua Resources in a research report on Friday, September 6th. They set an "outperform" rating for the company.
View Our Latest Stock Report on Perpetua Resources
Perpetua Resources Price Performance
The firm has a market cap of $689.98 million, a price-to-earnings ratio of -39.59 and a beta of 0.29. The firm's fifty day moving average is $8.97 and its two-hundred day moving average is $7.08.
Perpetua Resources (NASDAQ:PPTA - Get Free Report) last posted its quarterly earnings data on Friday, August 9th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. On average, equities analysts forecast that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, insider Alan Douglas Haslam sold 40,000 shares of the company's stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $10.07, for a total value of $402,800.00. Following the completion of the sale, the insider now owns 65,571 shares of the company's stock, valued at $660,299.97. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.90% of the company's stock.
Institutional Investors Weigh In On Perpetua Resources
A number of institutional investors and hedge funds have recently bought and sold shares of PPTA. Herr Investment Group LLC acquired a new stake in Perpetua Resources in the 1st quarter valued at about $5,701,000. M&G Plc purchased a new stake in Perpetua Resources during the first quarter valued at about $805,000. Nokomis Capital L.L.C. purchased a new stake in Perpetua Resources during the first quarter valued at about $406,000. Marshall Wace LLP purchased a new stake in Perpetua Resources during the second quarter valued at about $197,000. Finally, U S Global Investors Inc. purchased a new stake in Perpetua Resources during the third quarter valued at about $234,000. 70.07% of the stock is owned by institutional investors and hedge funds.
About Perpetua Resources
(
Get Free Report)
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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