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

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

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

Perpetua Resources Price Performance

PPTA opened at $12.51 on Tuesday. The stock has a market cap of $877.86 million, a PE ratio of -56.86 and a beta of 0.19. Perpetua Resources has a 52 week low of $2.69 and a 52 week high of $13.23. The business’s fifty day simple moving average is $10.77 and its 200 day simple moving average is $8.87.

Insider Buying and Selling at Perpetua Resources

In other news, insider Alan Douglas Haslam sold 40,000 shares of the stock in a transaction dated 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 directly owns 65,571 shares in the company, valued at approximately $660,299.97. This represents 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 this hyperlink. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Perpetua Resources

A number of institutional investors have recently modified their holdings of PPTA. Fourth Sail Capital LP purchased a new stake in shares of Perpetua Resources during the third quarter worth about $10,405,000. Herr Investment Group LLC boosted 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 worth $7,543,000 after purchasing an additional 80,000 shares during the period. State Street Corp boosted its holdings 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 worth $5,549,000 after purchasing an additional 48,220 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Perpetua Resources by 232.2% during the third quarter. JPMorgan Chase & Co. now owns 57,158 shares of the company’s stock worth $534,000 after purchasing an additional 39,954 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Perpetua Resources during the second quarter worth about $197,000. 70.07% of the stock is currently owned by hedge funds and other 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.