Perpetua Resources (NASDAQ:PPTA) Receives Buy Rating from Roth Mkm

Roth Mkm reiterated their buy rating on shares of Perpetua Resources (NASDAQ:PPTA) in a research report released on Thursday morning,Benzinga reports. They currently have a $15.00 target price on the stock.

Other equities research analysts have also issued research reports about the stock. National Bank Financial initiated coverage on shares of Perpetua Resources in a report on Friday, September 6th. They issued an “outperform” rating on the stock. HC Wainwright raised their target price on Perpetua Resources from $13.25 to $22.00 and gave the stock a “buy” rating in a research note on Friday, November 15th.

Perpetua Resources Stock Performance

Shares of Perpetua Resources stock opened at $11.91 on Thursday. Perpetua Resources has a 52-week low of $2.69 and a 52-week high of $13.18. The company’s 50 day moving average price is $10.06 and its 200-day moving average price is $8.23. The stock has a market capitalization of $835.68 million, a price-to-earnings ratio of -54.14 and a beta of 0.22.

Insider Activity at Perpetua Resources

In related news, insider Alan Douglas Haslam sold 40,000 shares of Perpetua Resources stock in a transaction on Friday, October 18th. The shares were sold at an average price of $10.07, for a total value of $402,800.00. Following the sale, the insider now owns 65,571 shares in the company, valued at $660,299.97. The trade was a 37.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Continuum Advisory LLC grew its holdings in shares of Perpetua Resources by 500.0% during the 3rd quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock worth $44,000 after acquiring an additional 4,000 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in shares of Perpetua Resources during the first quarter valued at approximately $51,000. Flaharty Asset Management LLC purchased a new stake in Perpetua Resources in the second quarter worth $70,000. Intech Investment Management LLC purchased a new stake in Perpetua Resources in the third quarter worth $98,000. Finally, Quantbot Technologies LP bought a new position in Perpetua Resources in the third quarter worth $123,000. 70.07% of the stock is currently owned by institutional investors.

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.