Perpetua Resources (NASDAQ:PPTA) Price Target Raised to $19.00 at Roth Mkm

Perpetua Resources (NASDAQ:PPTA) had its price target raised by Roth Mkm from $15.00 to $19.00 in a research note released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Separately, HC Wainwright lifted their price target on shares of Perpetua Resources from $13.25 to $22.00 and gave the company a “buy” rating in a report on Friday, November 15th.

Perpetua Resources Stock Performance

Shares of PPTA stock opened at $12.51 on Tuesday. Perpetua Resources has a fifty-two week low of $2.69 and a fifty-two week high of $13.23. The firm has a market cap of $877.86 million, a P/E ratio of -56.86 and a beta of 0.19. The business’s 50 day moving average price is $10.67 and its 200-day moving average price is $8.82.

Insider Buying and Selling at Perpetua Resources

In other news, insider Alan Douglas Haslam sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $10.07, for a total value of $402,800.00. Following the completion of the transaction, the insider now owns 65,571 shares in the company, valued at $660,299.97. This trade represents a 37.89 % decrease in their position. The transaction was disclosed in a document filed 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 have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in shares of Perpetua Resources by 20.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 107,551 shares of the company’s stock worth $559,000 after buying an additional 17,954 shares during the period. Rhumbline Advisers grew its holdings in Perpetua Resources by 51.0% in the second quarter. Rhumbline Advisers now owns 49,450 shares of the company’s stock worth $257,000 after purchasing an additional 16,698 shares during the period. National Bank of Canada FI increased its stake in shares of Perpetua Resources by 37.5% during the second quarter. National Bank of Canada FI now owns 55,000 shares of the company’s stock valued at $281,000 after purchasing an additional 15,000 shares in the last quarter. American Century Companies Inc. bought a new position in shares of Perpetua Resources during the second quarter valued at approximately $124,000. Finally, Herr Investment Group LLC lifted its holdings in shares of Perpetua Resources by 5.8% during the second quarter. Herr Investment Group LLC now owns 1,450,498 shares of the company’s stock valued at $7,543,000 after purchasing an additional 80,000 shares during the last quarter. 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.