Insider Buying: Perpetua Resources Corp. (NASDAQ:PPTA) Director Purchases 5,000 Shares of Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Robert Alan Dean bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average price of $8.32 per share, for a total transaction of $41,600.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $83,200. The trade was a 100.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Perpetua Resources Trading Down 9.5 %

Shares of NASDAQ PPTA opened at $8.35 on Monday. Perpetua Resources Corp. has a 12-month low of $2.69 and a 12-month high of $13.23. The firm has a market capitalization of $587.34 million, a price-to-earnings ratio of -37.95 and a beta of 0.20. The firm has a 50 day moving average of $11.48 and a 200 day moving average of $10.10.

Institutional Trading of Perpetua Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ancora Advisors LLC purchased a new position in shares of Perpetua Resources in the fourth quarter valued at about $37,000. Continuum Advisory LLC raised its stake in Perpetua Resources by 500.0% during the 3rd quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock valued at $44,000 after purchasing an additional 4,000 shares during the period. BNP Paribas Financial Markets purchased a new position in Perpetua Resources in the 4th quarter worth approximately $55,000. Intech Investment Management LLC bought a new position in Perpetua Resources in the 3rd quarter worth approximately $98,000. Finally, ProShare Advisors LLC purchased a new stake in Perpetua Resources during the 4th quarter valued at approximately $116,000. 70.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. HC Wainwright increased their price target on Perpetua Resources from $22.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Roth Mkm upped their price objective on Perpetua Resources from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th.

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.