Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) was up 3.8% during trading on Monday . The company traded as high as $10.57 and last traded at $10.52. Approximately 65,230 shares were traded during trading, a decline of 74% from the average daily volume of 253,320 shares. The stock had previously closed at $10.13.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. HC Wainwright restated a "buy" rating and issued a $13.25 target price on shares of Perpetua Resources in a report on Thursday, August 22nd. 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.
View Our Latest Stock Report on PPTA
Perpetua Resources Stock Performance
The firm's 50-day moving average price is $8.80 and its 200 day moving average price is $7.00. The company has a market cap of $669.97 million, a price-to-earnings ratio of -38.85 and a beta of 0.29.
Perpetua Resources (NASDAQ:PPTA - Get Free Report) last issued its quarterly earnings data on Friday, August 9th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. As a group, equities research analysts predict that Perpetua Resources Corp. will post -0.21 EPS for the current fiscal year.
Institutional Investors Weigh In On Perpetua Resources
Several large investors have recently modified their holdings of PPTA. M&G Plc acquired a new stake in Perpetua Resources during the 1st quarter worth approximately $805,000. Herr Investment Group LLC lifted its position in Perpetua Resources by 5.8% in the 2nd quarter. Herr Investment Group LLC now owns 1,450,498 shares of the company's stock valued at $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 Perpetua Resources in the 1st quarter worth $51,000. Russell Investments Group Ltd. increased its holdings in Perpetua Resources by 1.6% during the 1st quarter. Russell Investments Group Ltd. now owns 581,600 shares of the company's stock worth $2,419,000 after purchasing an additional 8,985 shares in the last quarter. Finally, American Century Companies Inc. acquired a new stake in shares of Perpetua Resources in the 2nd quarter valued at about $124,000. 70.07% of the stock is currently owned by institutional investors.
Perpetua Resources Company Profile
(
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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