Roth Mkm Reiterates “Buy” Rating for Perpetua Resources (NASDAQ:PPTA)

Perpetua Resources (NASDAQ:PPTA)‘s stock had its “buy” rating reissued by Roth Mkm in a research note issued to investors on Thursday,Benzinga reports. They presently have a $15.00 price target on the stock. Roth Mkm’s price target would indicate a potential upside of 25.94% from the company’s current price.

A number of other research firms also recently weighed in on PPTA. National Bank Financial initiated coverage on Perpetua Resources in a report on Friday, September 6th. They set an “outperform” rating for the company. HC Wainwright raised their price target on shares of 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 Trading Up 0.8 %

Shares of NASDAQ PPTA opened at $11.91 on Thursday. The firm has a market cap of $835.72 million, a P/E ratio of -54.14 and a beta of 0.22. The business’s 50 day moving average is $10.06 and its 200-day moving average is $8.22. Perpetua Resources has a 1-year low of $2.69 and a 1-year high of $13.18.

Insider Transactions at Perpetua Resources

In other news, insider Alan Douglas Haslam sold 40,000 shares of the company’s stock in a transaction that occurred on 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 owns 65,571 shares of the company’s stock, valued at approximately $660,299.97. This represents a 37.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Perpetua Resources

Several hedge funds and other institutional investors have recently modified their holdings of PPTA. Continuum Advisory LLC increased its position in Perpetua Resources by 500.0% during the 3rd quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock worth $44,000 after purchasing an additional 4,000 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of Perpetua Resources during the first quarter worth $51,000. Flaharty Asset Management LLC bought a new position in shares of Perpetua Resources in the 2nd quarter valued at $70,000. Intech Investment Management LLC acquired a new stake in shares of Perpetua Resources during the 3rd quarter valued at $98,000. Finally, Quantbot Technologies LP bought a new stake in Perpetua Resources during the 3rd quarter worth $123,000. 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.