Perpetua Resources (NASDAQ:PPTA) Given New $27.50 Price Target at HC Wainwright

Perpetua Resources (NASDAQ:PPTA) had its price target cut by HC Wainwright from $28.00 to $27.50 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

PPTA has been the topic of a number of other research reports. National Bankshares reiterated an “outperform” rating on shares of Perpetua Resources in a report on Wednesday, April 2nd. National Bank Financial upgraded Perpetua Resources to a “strong-buy” rating in a report on Friday, March 21st.

Perpetua Resources Stock Up 4.5%

Shares of Perpetua Resources stock opened at $12.27 on Tuesday. The stock’s fifty day moving average is $11.95 and its 200-day moving average is $11.15. The firm has a market capitalization of $874.68 million, a PE ratio of -55.77 and a beta of 0.06. Perpetua Resources has a 12-month low of $5.01 and a 12-month high of $15.44.

Perpetua Resources (NASDAQ:PPTA) last issued its quarterly earnings results on Friday, May 9th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). Analysts expect that Perpetua Resources will post -0.21 EPS for the current year.

Insider Buying and Selling at Perpetua Resources

In other news, insider Michael Stephen Wright sold 6,500 shares of the company’s stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $13.85, for a total transaction of $90,025.00. Following the completion of the sale, the insider now owns 14,195 shares in the company, valued at approximately $196,600.75. This represents a 31.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrew Phillip Cole purchased 9,450 shares of the firm’s stock in a transaction dated 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 purchase, the director now owns 9,450 shares in the company, valued at $75,505.50. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 20,230 shares of company stock worth $166,582 and have sold 59,610 shares worth $606,423. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Perpetua Resources

Large investors have recently made changes to their positions in the stock. Ancora Advisors LLC bought a new stake in shares of Perpetua Resources during the 4th quarter worth about $37,000. GAMMA Investing LLC lifted its position in shares of Perpetua Resources by 1,658.4% during the 1st quarter. GAMMA Investing LLC now owns 4,308 shares of the company’s stock worth $46,000 after purchasing an additional 4,063 shares during the last quarter. North Capital Inc. acquired a new position in shares of Perpetua Resources during the 1st quarter worth about $53,000. BNP Paribas Financial Markets acquired a new position in shares of Perpetua Resources during the 4th quarter worth about $55,000. Finally, Continuum Advisory LLC lifted its position in shares of Perpetua Resources by 72.9% during the 1st quarter. Continuum Advisory LLC now owns 8,300 shares of the company’s stock worth $89,000 after purchasing an additional 3,500 shares during the last quarter. 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.