Shares of Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) gapped up before the market opened on Friday after HC Wainwright raised their price target on the stock from $13.25 to $22.00. The stock had previously closed at $9.10, but opened at $9.43. HC Wainwright currently has a buy rating on the stock. Perpetua Resources shares last traded at $9.77, with a volume of 132,325 shares.
Several other equities research analysts have also recently commented on PPTA. National Bank Financial started coverage on Perpetua Resources in a research note on Friday, September 6th. They set an "outperform" rating for the company. Roth Mkm boosted their price target on shares of Perpetua Resources from $12.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd.
View Our Latest Stock Analysis on PPTA
Insider Transactions at Perpetua Resources
In related news, insider Alan Douglas Haslam sold 40,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 65,571 shares in the company, valued at approximately $660,299.97. The trade was a 37.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company's stock.
Institutional Trading of Perpetua Resources
A number of institutional investors and hedge funds have recently bought and sold shares of PPTA. Russell Investments Group Ltd. grew its stake in Perpetua Resources by 1.6% during the 1st quarter. Russell Investments Group Ltd. now owns 581,600 shares of the company's stock valued at $2,419,000 after purchasing an additional 8,985 shares in the last quarter. M&G Plc bought a new stake in shares of Perpetua Resources in the first quarter worth $805,000. Herr Investment Group LLC bought a new stake in shares of Perpetua Resources in the first quarter worth $5,701,000. Nokomis Capital L.L.C. acquired a new stake in Perpetua Resources in the first quarter valued at $406,000. Finally, Price T Rowe Associates Inc. MD bought a new position in Perpetua Resources during the 1st quarter valued at $51,000. Institutional investors and hedge funds own 70.07% of the company's stock.
Perpetua Resources Stock Performance
The company has a market capitalization of $705.63 million, a price-to-earnings ratio of -47.95 and a beta of 0.27. The company's fifty day simple moving average is $9.37 and its two-hundred day simple moving average is $7.49.
About Perpetua Resources
(
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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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