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

Perpetua Resources (NASDAQ:PPTA) had its price target raised by HC Wainwright from $25.00 to $28.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Roth Mkm increased their target price on Perpetua Resources from $15.00 to $19.00 and gave the stock 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 fifty day simple moving average of $10.55 and a two-hundred day simple moving average of $10.28. The company has a market cap of $787.82 million, a price-to-earnings 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.

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

Insider Activity at Perpetua Resources

In other Perpetua Resources news, insider Alan Douglas Haslam sold 10,400 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $9.24, for a total value of $96,096.00. Following the transaction, the insider now directly owns 65,763 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, insider Mckinsey Margaret Lyon sold 22,710 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $8.82, for a total value of $200,302.20. Following the completion of the transaction, the insider now directly owns 89,154 shares in the company, valued at $786,338.28. The trade was a 20.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired 20,230 shares of company stock valued at $166,582 over the last ninety days. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its stake in Perpetua Resources by 1.6% during the 4th quarter. Bank of Montreal Can now owns 67,594 shares of the company’s stock valued at $721,000 after purchasing an additional 1,054 shares during the period. Geode Capital Management LLC increased its position in shares of Perpetua Resources by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 484,829 shares of the company’s stock valued at $4,533,000 after purchasing an additional 2,252 shares during the last quarter. Jane Street Group LLC increased its position in shares of Perpetua Resources by 4.3% during the 3rd quarter. Jane Street Group LLC now owns 63,527 shares of the company’s stock valued at $597,000 after purchasing an additional 2,605 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Perpetua Resources by 24.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,722 shares of the company’s stock valued at $168,000 after purchasing an additional 3,067 shares during the last quarter. Finally, Lane & Associates LLC increased its position in shares of Perpetua Resources by 24.0% during the 4th quarter. Lane & Associates LLC now owns 15,987 shares of the company’s stock valued at $189,000 after purchasing an additional 3,095 shares during the last quarter. 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.