Perpetua Resources (NASDAQ:PPTA) Price Target Raised to $28.00

Perpetua Resources (NASDAQ:PPTA) had its price objective boosted by HC Wainwright from $25.00 to $28.00 in a research note published on Friday,Benzinga reports. They currently have a buy rating on the stock.

Separately, Roth Mkm lifted their price target on shares of Perpetua Resources from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th.

Perpetua Resources Trading Down 2.3 %

PPTA opened at $11.20 on Friday. The stock has a market capitalization of $787.82 million, a P/E ratio of -50.91 and a beta of 0.27. Perpetua Resources has a 12 month low of $4.02 and a 12 month high of $13.23. The firm’s fifty day simple moving average is $10.55 and its 200 day simple moving average is $10.25.

Perpetua Resources (NASDAQ:PPTA) last issued its quarterly earnings results on Wednesday, March 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03. On average, equities research analysts predict that Perpetua Resources will post -0.21 EPS for the current fiscal year.

Insider Buying and Selling at Perpetua Resources

In other news, insider Alan Douglas Haslam sold 10,400 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $9.24, for a total transaction of $96,096.00. Following the transaction, the insider now directly owns 65,763 shares in the company, valued at $607,650.12. The trade was a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Alan Dean acquired 5,000 shares of the stock in a transaction dated Friday, February 21st. The shares were purchased at an average price of $8.32 per share, for a total transaction of $41,600.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $83,200. The trade was a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 20,230 shares of company stock worth $166,582. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Ancora Advisors LLC acquired a new position in shares of Perpetua Resources during the 4th quarter worth about $37,000. Continuum Advisory LLC increased its stake 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. BNP Paribas Financial Markets acquired a new position in shares of Perpetua Resources during the 4th quarter worth about $55,000. Intech Investment Management LLC acquired a new position in Perpetua Resources in the 3rd quarter valued at about $98,000. Finally, ProShare Advisors LLC acquired a new position in Perpetua Resources in the 4th quarter valued at about $116,000. 70.07% of the stock is currently owned by institutional investors and hedge funds.

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.