Andrew Phillip Cole Acquires 9,450 Shares of Perpetua Resources Corp. (NASDAQ:PPTA) Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Andrew Phillip Cole bought 9,450 shares of the stock in a transaction on Monday, February 24th. The shares were bought at an average price of $7.99 per share, with a total value of $75,505.50. Following the acquisition, the director now owns 9,450 shares of the company’s stock, valued at $75,505.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Perpetua Resources Trading Down 3.8 %

Shares of PPTA traded down $0.32 during midday trading on Monday, hitting $8.03. 1,369,219 shares of the company’s stock traded hands, compared to its average volume of 926,114. Perpetua Resources Corp. has a 1 year low of $2.69 and a 1 year high of $13.23. The firm’s fifty day moving average is $11.39 and its 200-day moving average is $10.12. The stock has a market capitalization of $564.83 million, a price-to-earnings ratio of -36.50 and a beta of 0.20.

Institutional Trading of Perpetua Resources

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sprott Inc. lifted its holdings in shares of Perpetua Resources by 5.3% during the 4th quarter. Sprott Inc. now owns 2,938,871 shares of the company’s stock valued at $31,358,000 after purchasing an additional 148,273 shares during the last quarter. Fourth Sail Capital LP purchased a new stake in shares of Perpetua Resources during the 3rd quarter valued at $10,405,000. Condire Management LP raised its stake in Perpetua Resources by 6.9% in the 4th quarter. Condire Management LP now owns 890,459 shares of the company’s stock worth $9,501,000 after acquiring an additional 57,399 shares during the last quarter. Amundi acquired a new stake in Perpetua Resources during the 4th quarter worth about $7,788,000. Finally, State Street Corp lifted its position in Perpetua Resources by 8.8% during the 3rd quarter. State Street Corp now owns 593,502 shares of the company’s stock worth $5,549,000 after acquiring an additional 48,220 shares during the period. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Analysts Set New Price Targets

PPTA has been the subject of a number of analyst reports. HC Wainwright upped their target price on Perpetua Resources from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Roth Mkm upped 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.

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.