Perpetua Resources (NASDAQ:PPTA - Free Report) had its price objective boosted by Roth Mkm from $15.00 to $19.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.
Separately, HC Wainwright boosted their target price on Perpetua Resources from $13.25 to $22.00 and gave the company a "buy" rating in a research note on Friday, November 15th.
Check Out Our Latest Stock Analysis on Perpetua Resources
Perpetua Resources Price Performance
PPTA traded down $0.26 on Tuesday, reaching $12.51. 1,265,211 shares of the company traded hands, compared to its average volume of 1,160,825. Perpetua Resources has a 52-week low of $2.69 and a 52-week high of $13.23. The company 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 $10.67 and its 200-day moving average price is $8.82.
Insider Activity
In related news, insider Alan Douglas Haslam sold 40,000 shares of the firm'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 directly owns 65,571 shares in the company, valued at approximately $660,299.97. This trade represents a 37.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.90% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Continuum Advisory LLC lifted its position in shares of Perpetua Resources by 500.0% during the 3rd quarter. Continuum Advisory LLC now owns 4,800 shares of the company's stock worth $44,000 after purchasing an additional 4,000 shares during the last quarter. Intech Investment Management LLC bought a new stake in Perpetua Resources in the 3rd quarter valued at $98,000. Quantbot Technologies LP bought a new position in shares of Perpetua Resources during the 3rd quarter worth about $123,000. American Century Companies Inc. acquired a new position in shares of Perpetua Resources during the second quarter valued at about $124,000. Finally, SG Americas Securities LLC bought a new stake in shares of Perpetua Resources in the third quarter valued at about $125,000. Institutional investors and hedge funds own 70.07% of the company's stock.
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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