Robert Alan Dean Purchases 5,000 Shares of Perpetua Resources Corp. (NASDAQ:PPTA) Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Robert Alan Dean acquired 5,000 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was acquired at an average price of $8.32 per share, for a total transaction of $41,600.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $83,200. The trade was a 100.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Perpetua Resources Price Performance

PPTA opened at $8.16 on Wednesday. The business has a 50 day simple moving average of $11.30 and a 200-day simple moving average of $10.13. The stock has a market capitalization of $573.98 million, a P/E ratio of -37.09 and a beta of 0.20. Perpetua Resources Corp. has a 12 month low of $2.69 and a 12 month high of $13.23.

Analysts Set New Price Targets

PPTA has been the topic of a number of research reports. Roth Mkm raised their price target on Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. HC Wainwright raised their price target on Perpetua Resources from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th.

Hedge Funds Weigh In On Perpetua Resources

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ancora Advisors LLC acquired a new position in Perpetua Resources during the fourth quarter worth $37,000. Continuum Advisory LLC raised its holdings in Perpetua Resources by 500.0% during the third 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 Perpetua Resources during the fourth quarter worth $55,000. Intech Investment Management LLC purchased a new position in Perpetua Resources during the third quarter worth $98,000. Finally, ProShare Advisors LLC purchased a new position in Perpetua Resources during the fourth quarter worth $116,000. 70.07% of the stock is owned by institutional investors and hedge funds.

About Perpetua Resources

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.