Perpetua Resources (NASDAQ:PPTA) Given New $27.50 Price Target at HC Wainwright

Perpetua Resources (NASDAQ:PPTA) had its price objective decreased by HC Wainwright from $28.00 to $27.50 in a research report sent to investors on Tuesday morning,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on the company. National Bank Financial upgraded Perpetua Resources to a “strong-buy” rating in a report on Friday, March 21st. National Bankshares reiterated an “outperform” rating on shares of Perpetua Resources in a research report on Wednesday, April 2nd.

Perpetua Resources Stock Performance

Shares of NASDAQ:PPTA opened at $12.27 on Tuesday. Perpetua Resources has a one year low of $5.01 and a one year high of $15.44. The business’s 50-day simple moving average is $11.95 and its 200 day simple moving average is $11.15. The company has a market cap of $874.68 million, a P/E ratio of -55.77 and a beta of 0.06.

Perpetua Resources (NASDAQ:PPTA) last posted its quarterly earnings data on Friday, May 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.07). Analysts predict that Perpetua Resources will post -0.21 earnings per share for the current year.

Insider Transactions at Perpetua Resources

In other Perpetua Resources news, insider Alan Douglas Haslam sold 10,400 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $9.24, for a total transaction of $96,096.00. Following the completion of the transaction, the insider now owns 65,763 shares in the company, valued at approximately $607,650.12. The trade was a 13.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew Phillip Cole purchased 9,450 shares of Perpetua Resources stock in a transaction on Monday, February 24th. The shares were acquired at an average price of $7.99 per share, with a total value of $75,505.50. Following the transaction, the director now directly owns 9,450 shares in the company, valued at $75,505.50. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 20,230 shares of company stock worth $166,582 and sold 59,610 shares worth $606,423. Insiders own 1.50% of the company’s stock.

Institutional Trading of Perpetua Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can raised its stake in shares of Perpetua Resources by 1.6% in the 4th quarter. Bank of Montreal Can now owns 67,594 shares of the company’s stock worth $721,000 after buying an additional 1,054 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Perpetua Resources by 24.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,722 shares of the company’s stock worth $168,000 after buying an additional 3,067 shares in the last quarter. Lane & Associates LLC raised its stake in shares of Perpetua Resources by 24.0% in the 4th quarter. Lane & Associates LLC now owns 15,987 shares of the company’s stock worth $189,000 after buying an additional 3,095 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of Perpetua Resources in the 4th quarter worth $37,000. Finally, Continuum Advisory LLC raised its position in shares of Perpetua Resources by 72.9% during the first quarter. Continuum Advisory LLC now owns 8,300 shares of the company’s stock worth $89,000 after purchasing an additional 3,500 shares during the period. Institutional investors own 70.07% of the company’s stock.

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.