Perpetua Resources (NASDAQ:PPTA) Given New $22.00 Price Target at HC Wainwright

Perpetua Resources (NASDAQ:PPTA) had its target price lifted by HC Wainwright from $13.25 to $22.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on the company. Roth Mkm lifted their price target on Perpetua Resources from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. National Bank Financial started coverage on Perpetua Resources in a research report on Friday, September 6th. They issued an “outperform” rating for the company.

Perpetua Resources Stock Up 16.5 %

Shares of NASDAQ PPTA traded up $1.50 during trading hours on Friday, hitting $10.60. The company had a trading volume of 924,385 shares, compared to its average volume of 264,616. The stock has a market capitalization of $705.63 million, a P/E ratio of -48.18 and a beta of 0.27. Perpetua Resources has a 1-year low of $2.69 and a 1-year high of $10.75. The firm’s 50 day moving average is $9.41 and its 200-day moving average is $7.53.

Insider Activity 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 completion of the sale, the insider now owns 65,571 shares of the company’s stock, valued at approximately $660,299.97. This trade represents a 37.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is owned by company insiders.

Institutional Trading of Perpetua Resources

Hedge funds and other institutional investors have recently bought and sold shares of the business. Herr Investment Group LLC increased its holdings in shares of Perpetua Resources by 5.8% during the second quarter. Herr Investment Group LLC now owns 1,450,498 shares of the company’s stock worth $7,543,000 after purchasing an additional 80,000 shares during the period. Fourth Sail Capital LP bought a new position in Perpetua Resources during the 3rd quarter worth $10,405,000. State Street Corp lifted its position in shares of Perpetua Resources by 8.8% during the 3rd quarter. State Street Corp now owns 593,502 shares of the company’s stock valued at $5,549,000 after acquiring an additional 48,220 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Perpetua Resources by 1.6% during the 1st quarter. Russell Investments Group Ltd. now owns 581,600 shares of the company’s stock worth $2,419,000 after purchasing an additional 8,985 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Perpetua Resources by 0.5% in the third quarter. Geode Capital Management LLC now owns 484,829 shares of the company’s stock valued at $4,533,000 after purchasing an additional 2,252 shares in the last quarter. Institutional investors and hedge funds 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.