Perpetua Resources (NASDAQ:PPTA) Price Target Raised to $25.00

Perpetua Resources (NASDAQ:PPTA) had its price target upped by HC Wainwright from $22.00 to $25.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

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

Perpetua Resources Price Performance

Perpetua Resources stock opened at $12.51 on Tuesday. The firm has a 50 day moving average price of $10.77 and a 200-day moving average price of $8.87. Perpetua Resources has a twelve month low of $2.69 and a twelve month high of $13.23. The company has a market capitalization of $877.86 million, a P/E ratio of -56.86 and a beta of 0.19.

Insider Activity

In related news, insider Alan Douglas Haslam sold 40,000 shares of the business’s stock in a transaction 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Continuum Advisory LLC boosted its position in shares of Perpetua Resources by 500.0% in the third quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock valued at $44,000 after acquiring an additional 4,000 shares during the period. Intech Investment Management LLC bought a new position in Perpetua Resources in the 3rd quarter valued at $98,000. Quantbot Technologies LP purchased a new position in shares of Perpetua Resources during the 3rd quarter valued at $123,000. American Century Companies Inc. bought a new position in shares of Perpetua Resources in the second quarter worth $124,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Perpetua Resources in the third quarter worth $125,000. 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.