Perpetua Resources (NASDAQ:PPTA) Stock Price Expected to Rise, Roth Mkm Analyst Says

Perpetua Resources (NASDAQ:PPTA) had its price objective raised by equities research analysts at Roth Mkm from $15.00 to $19.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price target suggests a potential upside of 51.88% from the company’s current price.

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

Perpetua Resources Stock Performance

PPTA opened at $12.51 on Tuesday. The business’s 50 day moving average is $10.72 and its 200-day moving average is $8.85. 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 twelve month low of $2.69 and a twelve month high of $13.23.

Insider Transactions at Perpetua Resources

In other news, insider Alan Douglas Haslam sold 40,000 shares of Perpetua Resources 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 transaction, the insider now directly owns 65,571 shares in the company, valued at approximately $660,299.97. This trade represents a 37.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Perpetua Resources by 232.2% in the third quarter. JPMorgan Chase & Co. now owns 57,158 shares of the company’s stock worth $534,000 after acquiring an additional 39,954 shares in the last quarter. Virtu Financial LLC raised its holdings in shares of Perpetua Resources by 43.6% in the 3rd quarter. Virtu Financial LLC now owns 34,478 shares of the company’s stock worth $322,000 after purchasing an additional 10,463 shares in the last quarter. Barclays PLC lifted its stake in Perpetua Resources by 63.4% during the third quarter. Barclays PLC now owns 74,119 shares of the company’s stock valued at $694,000 after purchasing an additional 28,746 shares during the last quarter. Geode Capital Management LLC grew its position in Perpetua Resources by 0.5% in the third quarter. Geode Capital Management LLC now owns 484,829 shares of the company’s stock worth $4,533,000 after buying an additional 2,252 shares during the last quarter. Finally, Continuum Advisory LLC grew its position in Perpetua Resources by 500.0% in the third quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock worth $44,000 after buying an additional 4,000 shares during the last quarter. Institutional investors 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.