HC Wainwright Issues Positive Forecast for Perpetua Resources (NASDAQ:PPTA) Stock Price

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

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

Perpetua Resources Price Performance

Shares of Perpetua Resources stock opened at $11.20 on Friday. The firm has a market cap of $787.82 million, a P/E ratio of -50.91 and a beta of 0.27. The firm has a 50 day simple moving average of $10.55 and a 200 day simple moving average of $10.25. Perpetua Resources has a fifty-two week low of $4.02 and a fifty-two week high of $13.23.

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

Insiders Place Their Bets

In other news, insider Alan Douglas Haslam sold 10,400 shares of Perpetua Resources stock in a transaction on 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 of the company’s stock, valued at $607,650.12. This trade represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mckinsey Margaret Lyon sold 22,710 shares of Perpetua Resources stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $8.82, for a total transaction of $200,302.20. Following the transaction, the insider now directly owns 89,154 shares in the company, valued at approximately $786,338.28. This represents a 20.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 20,230 shares of company stock valued at $166,582. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Perpetua Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in PPTA. Ancora Advisors LLC bought a new position in shares of Perpetua Resources during the fourth quarter worth $37,000. Continuum Advisory LLC boosted its position in shares of 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 in the last quarter. BNP Paribas Financial Markets bought a new position in shares of Perpetua Resources during the fourth quarter worth $55,000. Intech Investment Management LLC bought a new position in shares of Perpetua Resources during the third quarter worth $98,000. Finally, ProShare Advisors LLC bought a new stake in Perpetua Resources in the 4th quarter valued at $116,000. 70.07% of the stock is owned by institutional investors.

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.