Perpetua Resources (NASDAQ:PPTA) Given New $25.00 Price Target at HC Wainwright

Perpetua Resources (NASDAQ:PPTA - Get Free Report) had its price objective raised by research analysts at HC Wainwright from $22.00 to $25.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. HC Wainwright's price objective suggests a potential upside of 99.84% from the company's current price.

Separately, Roth Mkm increased their price objective on Perpetua Resources from $15.00 to $19.00 and gave the company a "buy" rating in a report on Tuesday.

Perpetua Resources Stock Down 2.0 %

PPTA stock traded down $0.26 during midday trading on Tuesday, hitting $12.51. The company's stock had a trading volume of 1,265,211 shares, compared to its average volume of 1,160,825. Perpetua Resources has a 1 year low of $2.69 and a 1 year high of $13.23. The stock has a market cap of $877.86 million, a price-to-earnings ratio of -56.86 and a beta of 0.19. The stock's 50-day moving average price is $10.63 and its 200 day moving average price is $8.78.

Insider Activity at Perpetua Resources

In other news, insider Alan Douglas Haslam sold 40,000 shares of the company's stock in a transaction on Friday, October 18th. The shares were 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 of the company's stock, valued at approximately $660,299.97. This represents a 37.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.

Institutional Trading of Perpetua Resources

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its stake in Perpetua Resources by 20.0% in the second quarter. Bank of New York Mellon Corp now owns 107,551 shares of the company's stock worth $559,000 after buying an additional 17,954 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Perpetua Resources by 51.0% in the second quarter. Rhumbline Advisers now owns 49,450 shares of the company's stock worth $257,000 after buying an additional 16,698 shares during the period. National Bank of Canada FI boosted its position in Perpetua Resources by 37.5% during the 2nd quarter. National Bank of Canada FI now owns 55,000 shares of the company's stock valued at $281,000 after buying an additional 15,000 shares during the period. American Century Companies Inc. bought a new stake in Perpetua Resources in the 2nd quarter worth $124,000. Finally, Herr Investment Group LLC increased its position in shares of Perpetua Resources by 5.8% in the second 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 during the period. Institutional investors 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.