Perpetua Resources (NASDAQ:PPTA) Price Target Raised to $25.00 at HC Wainwright

Perpetua Resources (NASDAQ:PPTA) had its price target lifted by stock analysts at HC Wainwright from $22.00 to $25.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s target price suggests a potential upside of 100.64% from the company’s current price.

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

Perpetua Resources Stock Down 2.4 %

Shares of PPTA traded down $0.31 during mid-day trading on Tuesday, hitting $12.46. The stock had a trading volume of 391,342 shares, compared to its average volume of 935,687. Perpetua Resources has a fifty-two week low of $2.69 and a fifty-two week high of $13.23. The company has a market cap of $874.36 million, a PE ratio of -56.64 and a beta of 0.19. The company’s fifty day simple moving average is $10.63 and its two-hundred day simple moving average is $8.78.

Insider Buying and Selling

In related news, insider Alan Douglas Haslam sold 40,000 shares of Perpetua Resources stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $10.07, for a total value of $402,800.00. Following the sale, the insider now directly owns 65,571 shares in the company, valued at $660,299.97. This trade represents a 37.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Perpetua Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in Perpetua Resources by 20.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 107,551 shares of the company’s stock valued at $559,000 after purchasing an additional 17,954 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Perpetua Resources by 51.0% in the second quarter. Rhumbline Advisers now owns 49,450 shares of the company’s stock valued at $257,000 after buying an additional 16,698 shares during the period. National Bank of Canada FI boosted its stake in Perpetua Resources by 37.5% during the second quarter. National Bank of Canada FI now owns 55,000 shares of the company’s stock valued at $281,000 after buying an additional 15,000 shares in the last quarter. American Century Companies Inc. acquired a new position in Perpetua Resources during the second quarter worth about $124,000. Finally, Herr Investment Group LLC raised its position in Perpetua Resources by 5.8% in the second quarter. Herr Investment Group LLC now owns 1,450,498 shares of the company’s stock worth $7,543,000 after acquiring an additional 80,000 shares in the last quarter. Institutional investors 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.