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

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

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

Perpetua Resources Stock Performance

Shares of NASDAQ PPTA 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 company has a 50 day simple moving average of $10.77 and a two-hundred day simple moving average of $8.87. The company has a market capitalization of $877.86 million, a price-to-earnings ratio of -56.86 and a beta of 0.19.

Insider Buying and Selling at Perpetua Resources

In related news, insider Alan Douglas Haslam sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $10.07, for a total transaction of $402,800.00. Following the completion of the sale, the insider now owns 65,571 shares of the company’s stock, valued at $660,299.97. This trade represents a 37.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Perpetua Resources

Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp increased its position in shares of Perpetua Resources by 8.8% during the third quarter. State Street Corp now owns 593,502 shares of the company’s stock valued at $5,549,000 after acquiring an additional 48,220 shares in the last quarter. Jane Street Group LLC boosted its holdings in Perpetua Resources by 4.3% in the third quarter. Jane Street Group LLC now owns 63,527 shares of the company’s stock worth $597,000 after purchasing an additional 2,605 shares during the last quarter. Fourth Sail Capital LP purchased a new stake in Perpetua Resources in the third quarter worth approximately $10,405,000. Herr Investment Group LLC boosted its holdings in Perpetua Resources by 5.8% in the second quarter. Herr Investment Group LLC now owns 1,450,498 shares of the company’s stock worth $7,543,000 after purchasing an additional 80,000 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Perpetua Resources by 63.4% in the third quarter. Barclays PLC now owns 74,119 shares of the company’s stock worth $694,000 after purchasing an additional 28,746 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.