Perpetua Resources (NASDAQ:PPTA) Sets New 1-Year High - Here's What Happened

Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $14.40 and last traded at $13.45, with a volume of 220494 shares changing hands. The stock had previously closed at $13.15.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PPTA shares. Roth Mkm upped their price objective on shares of Perpetua Resources from $15.00 to $19.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. National Bankshares reaffirmed an "outperform" rating on shares of Perpetua Resources in a research note on Wednesday, April 2nd. HC Wainwright increased their price target on Perpetua Resources from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Finally, National Bank Financial upgraded Perpetua Resources to a "strong-buy" rating in a research report on Friday, March 21st.

Perpetua Resources Trading Down 0.1 %

The firm's 50-day moving average is $10.60 and its 200 day moving average is $10.77. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -64.95 and a beta of 0.12.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.03. Analysts predict that Perpetua Resources Corp. will post -0.21 EPS for the current year.

Insider Buying and Selling at Perpetua Resources

In other news, insider Michael Stephen Wright sold 6,500 shares of the company's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $13.85, for a total value of $90,025.00. Following the sale, the insider now directly owns 14,195 shares of the company's stock, valued at approximately $196,600.75. This represents a 31.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert Alan Dean acquired 5,000 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were purchased at an average price of $8.32 per share, with a total value of $41,600.00. Following the completion of the transaction, the director now owns 10,000 shares of the company's stock, valued at $83,200. This trade represents a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 20,230 shares of company stock worth $166,582 and have sold 59,610 shares worth $606,423. Corporate insiders own 1.90% of the company's stock.

Institutional Trading of Perpetua Resources

A number of institutional investors have recently bought and sold shares of the company. Bank of Montreal Can lifted its stake in Perpetua Resources by 1.6% in the fourth quarter. Bank of Montreal Can now owns 67,594 shares of the company's stock valued at $721,000 after buying an additional 1,054 shares during the period. Geode Capital Management LLC lifted its position in shares of Perpetua Resources by 0.5% during 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 during the period. Jane Street Group LLC boosted its stake in Perpetua Resources by 4.3% during the third quarter. Jane Street Group LLC now owns 63,527 shares of the company's stock worth $597,000 after acquiring an additional 2,605 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Perpetua Resources by 24.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,722 shares of the company's stock valued at $168,000 after purchasing an additional 3,067 shares in the last quarter. Finally, Lane & Associates LLC raised its holdings in shares of Perpetua Resources by 24.0% during the fourth quarter. Lane & Associates LLC now owns 15,987 shares of the company's stock valued at $189,000 after purchasing an additional 3,095 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.