Perpetua Resources (NASDAQ:PPTA) Given New $15.00 Price Target at Roth Mkm

Perpetua Resources (NASDAQ:PPTA - Get Free Report) had its target price boosted by equities researchers at Roth Mkm from $12.00 to $15.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Roth Mkm's price target indicates a potential upside of 47.64% from the stock's previous close.

PPTA has been the topic of a number of other reports. HC Wainwright restated a "buy" rating and issued a $13.25 price objective on shares of Perpetua Resources in a report on Thursday, August 22nd. National Bank Financial started coverage on Perpetua Resources in a report on Friday, September 6th. They set an "outperform" rating on the stock.

Perpetua Resources Stock Down 5.0 %

Shares of PPTA traded down $0.53 during trading hours on Wednesday, reaching $10.16. 303,120 shares of the company traded hands, compared to its average volume of 255,201. The stock has a market capitalization of $655.77 million, a PE ratio of -37.59 and a beta of 0.29. Perpetua Resources has a fifty-two week low of $2.69 and a fifty-two week high of $10.72. The stock has a fifty day simple moving average of $8.97 and a 200 day simple moving average of $7.08.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last released its earnings results 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. Research analysts predict that Perpetua Resources will post -0.21 EPS for the current fiscal year.

Insider Activity at Perpetua Resources

In other Perpetua Resources news, insider Alan Douglas Haslam sold 40,000 shares of the firm's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $10.07, for a total transaction of $402,800.00. Following the completion of the sale, the insider now owns 65,571 shares in the company, valued at $660,299.97. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. M&G Plc acquired a new position in shares of Perpetua Resources in the 1st quarter worth approximately $805,000. Herr Investment Group LLC grew its position in shares of Perpetua Resources by 5.8% in the 2nd quarter. Herr Investment Group LLC now owns 1,450,498 shares of the company's stock worth $7,543,000 after acquiring an additional 80,000 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of Perpetua Resources in the 1st quarter worth approximately $51,000. Russell Investments Group Ltd. grew its position in shares of Perpetua Resources by 1.6% in the 1st quarter. Russell Investments Group Ltd. now owns 581,600 shares of the company's stock worth $2,419,000 after acquiring an additional 8,985 shares in the last quarter. Finally, American Century Companies Inc. acquired a new position in Perpetua Resources during the 2nd quarter valued at approximately $124,000. Institutional investors and hedge funds own 70.07% of the company's stock.

Perpetua Resources Company Profile

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.