Perpetua Resources (NASDAQ:PPTA) Receives Buy Rating from Roth Mkm

Perpetua Resources (NASDAQ:PPTA - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Roth Mkm in a report released on Thursday,Benzinga reports. They presently have a $15.00 target price on the stock. Roth Mkm's target price would indicate a potential upside of 27.01% from the company's current price.

Other research analysts have also issued reports about the company. HC Wainwright upped their price target on Perpetua Resources from $13.25 to $22.00 and gave the company a "buy" rating in a research report on Friday, November 15th. National Bank Financial assumed coverage on shares of Perpetua Resources in a research report on Friday, September 6th. They issued an "outperform" rating for the company.

Perpetua Resources Price Performance

Shares of Perpetua Resources stock traded down $0.99 during trading on Thursday, hitting $11.81. The stock had a trading volume of 595,792 shares, compared to its average volume of 309,312. The business has a fifty day moving average of $9.95 and a two-hundred day moving average of $8.15. The firm has a market cap of $828.66 million, a P/E ratio of -58.18 and a beta of 0.23. Perpetua Resources has a fifty-two week low of $2.69 and a fifty-two week high of $13.18.

Insider Buying and Selling

In related news, insider Alan Douglas Haslam sold 40,000 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $10.07, for a total value of $402,800.00. Following the transaction, the insider now owns 65,571 shares in the company, valued at approximately $660,299.97. This represents a 37.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.90% of the stock is owned by corporate insiders.

Institutional Trading of Perpetua Resources

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of Perpetua Resources by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 484,829 shares of the company's stock valued at $4,533,000 after acquiring an additional 2,252 shares in the last quarter. Jane Street Group LLC grew its holdings in Perpetua Resources by 4.3% during the third quarter. Jane Street Group LLC now owns 63,527 shares of the company's stock valued at $597,000 after purchasing an additional 2,605 shares during the last quarter. Continuum Advisory LLC raised its position in shares of Perpetua Resources by 500.0% in the third quarter. Continuum Advisory LLC now owns 4,800 shares of the company's stock valued at $44,000 after purchasing an additional 4,000 shares during the period. Virtu Financial LLC lifted its stake in shares of Perpetua Resources by 43.6% in the third quarter. Virtu Financial LLC now owns 34,478 shares of the company's stock worth $322,000 after buying an additional 10,463 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Perpetua Resources during the 3rd quarter worth $98,000. 70.07% of the stock is owned by institutional investors.

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.