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

Perpetua Resources (NASDAQ:PPTA) had its price target boosted by equities research analysts at HC Wainwright from $25.00 to $28.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s target price indicates a potential upside of 150.00% from the stock’s current price.

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

Perpetua Resources Stock Performance

Shares of PPTA stock opened at $11.20 on Friday. Perpetua Resources has a one year low of $4.02 and a one year high of $13.23. The company’s 50-day moving average is $10.55 and its 200 day moving average is $10.27. The company has a market capitalization of $787.82 million, a price-to-earnings ratio of -50.91 and a beta of 0.27.

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

Insider Activity

In related news, insider Alan Douglas Haslam sold 10,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $9.24, for a total value of $96,096.00. Following the transaction, the insider now owns 65,763 shares of the company’s stock, valued at approximately $607,650.12. This trade represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert Alan Dean acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of $8.32 per share, for a total transaction of $41,600.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $83,200. The trade was a 100.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 20,230 shares of company stock valued at $166,582 in the last 90 days. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Perpetua Resources

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of Montreal Can boosted its holdings in shares of Perpetua Resources by 1.6% in 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 during the last quarter. Geode Capital Management LLC raised its stake in Perpetua Resources by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 484,829 shares of the company’s stock worth $4,533,000 after acquiring an additional 2,252 shares during the period. Jane Street Group LLC raised its stake in Perpetua Resources by 4.3% during the 3rd quarter. Jane Street Group LLC now owns 63,527 shares of the company’s stock worth $597,000 after acquiring an additional 2,605 shares during the period. Price T Rowe Associates Inc. MD raised 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 acquiring an additional 3,067 shares during the period. Finally, Lane & Associates LLC raised 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 acquiring an additional 3,095 shares during the period. Hedge funds and other 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.