Perpetua Resources (NASDAQ:PPTA) Given New $28.00 Price Target at HC Wainwright

Perpetua Resources (NASDAQ:PPTA) had its target price increased by HC Wainwright from $25.00 to $28.00 in a research report released on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Roth Mkm raised their target price on Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th.

Perpetua Resources Price Performance

Shares of NASDAQ PPTA opened at $11.20 on Friday. The stock has a market capitalization of $787.82 million, a P/E ratio of -50.91 and a beta of 0.27. Perpetua Resources has a 1-year low of $4.02 and a 1-year high of $13.23. The business has a fifty day moving average price of $10.55 and a 200 day moving average price of $10.28.

Perpetua Resources (NASDAQ:PPTA) last released its quarterly earnings results on Wednesday, March 19th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. As a group, equities research analysts anticipate that Perpetua Resources will post -0.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Perpetua Resources

In other news, Director Andrew Phillip Cole bought 9,450 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $7.99 per share, for a total transaction of $75,505.50. Following the completion of the transaction, the director now directly owns 9,450 shares in the company, valued at $75,505.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Alan Dean acquired 5,000 shares of Perpetua Resources stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average price of $8.32 per share, for a total transaction of $41,600.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $83,200. This represents a 100.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 20,230 shares of company stock valued at $166,582. Company 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 stock. Bank of Montreal Can lifted its position in Perpetua Resources by 1.6% during the fourth quarter. Bank of Montreal Can now owns 67,594 shares of the company’s stock worth $721,000 after buying an additional 1,054 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Perpetua Resources by 0.5% in the third quarter. Geode Capital Management LLC now owns 484,829 shares of the company’s stock valued at $4,533,000 after buying an additional 2,252 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Perpetua Resources by 4.3% in the third quarter. Jane Street Group LLC now owns 63,527 shares of the company’s stock valued at $597,000 after buying an additional 2,605 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Perpetua Resources by 24.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,722 shares of the company’s stock worth $168,000 after purchasing an additional 3,067 shares in the last quarter. Finally, Lane & Associates LLC grew its stake in Perpetua Resources by 24.0% during the 4th quarter. Lane & Associates LLC now owns 15,987 shares of the company’s stock worth $189,000 after purchasing an additional 3,095 shares in the last quarter. Hedge funds and other 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.