Perpetua Resources (NASDAQ:PPTA) Stock Price Expected to Rise, HC Wainwright Analyst Says

Perpetua Resources (NASDAQ:PPTA) had its price target raised by stock analysts at HC Wainwright from $22.00 to $25.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s target price points to a potential upside of 99.84% from the company’s current price.

Separately, Roth Mkm lifted their price target on Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday.

Perpetua Resources Stock Performance

Perpetua Resources stock opened at $12.51 on Tuesday. Perpetua Resources has a 52 week low of $2.69 and a 52 week high of $13.23. The firm has a market capitalization of $877.86 million, a PE ratio of -56.86 and a beta of 0.19. The business’s 50-day simple moving average is $10.72 and its 200-day simple moving average is $8.85.

Insider Activity

In other news, insider Alan Douglas Haslam sold 40,000 shares of the business’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 transaction of $402,800.00. Following the sale, the insider now directly owns 65,571 shares in the company, valued at approximately $660,299.97. The trade was a 37.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Perpetua Resources

A number of institutional investors have recently bought and sold shares of PPTA. Continuum Advisory LLC lifted its stake in Perpetua Resources by 500.0% during the third quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock worth $44,000 after purchasing an additional 4,000 shares during the period. Intech Investment Management LLC bought a new stake in Perpetua Resources during the 3rd quarter worth about $98,000. Quantbot Technologies LP bought a new position in Perpetua Resources in the 3rd quarter worth approximately $123,000. American Century Companies Inc. acquired a new stake in shares of Perpetua Resources in the 2nd quarter valued at $124,000. Finally, SG Americas Securities LLC acquired a new position in shares of Perpetua Resources during the third quarter valued at $125,000. Institutional investors and hedge funds 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.