Perpetua Resources (NASDAQ:PPTA) Stock Price Expected to Rise, HC Wainwright Analyst Says

Perpetua Resources (NASDAQ:PPTA) had its target price hoisted by HC Wainwright from $22.00 to $25.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

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

Perpetua Resources Stock Performance

Shares of PPTA stock opened at $12.51 on Tuesday. Perpetua Resources has a 1 year low of $2.69 and a 1 year high of $13.23. The stock’s 50-day moving average is $10.67 and its two-hundred day moving average is $8.82. The firm has a market cap of $877.86 million, a price-to-earnings ratio of -56.86 and a beta of 0.19.

Insider Transactions at Perpetua Resources

In other Perpetua Resources news, insider Alan Douglas Haslam sold 40,000 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $10.07, for a total transaction of $402,800.00. Following the completion of the sale, the insider now directly owns 65,571 shares in the company, valued at $660,299.97. This represents a 37.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Perpetua Resources

A number of institutional investors and hedge funds have recently bought and sold shares of PPTA. Continuum Advisory LLC increased its position in shares of Perpetua Resources by 500.0% in 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 about $98,000. Quantbot Technologies LP bought a new position in Perpetua Resources in the 3rd quarter worth approximately $123,000. SG Americas Securities LLC acquired a new position in shares of Perpetua Resources during the third quarter valued at $125,000. Finally, American Century Companies Inc. bought a new stake in shares of Perpetua Resources during the 2nd quarter worth about $124,000. Hedge funds and other 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.