Roth Mkm Boosts Perpetua Resources (NASDAQ:PPTA) Price Target to $15.00

Perpetua Resources (NASDAQ:PPTA) had its target price lifted by Roth Mkm from $12.00 to $15.00 in a research note published on Wednesday morning, Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. National Bank Financial started coverage on Perpetua Resources in a research note on Friday, September 6th. They issued an “outperform” rating for the company. HC Wainwright reaffirmed a “buy” rating and set a $13.25 price objective on shares of Perpetua Resources in a research note on Thursday, August 22nd.

Perpetua Resources Trading Down 2.9 %

NASDAQ:PPTA opened at $9.62 on Wednesday. The company has a market capitalization of $640.07 million, a P/E ratio of -45.78 and a beta of 0.29. The business’s 50-day moving average is $9.10 and its 200 day moving average is $7.15. Perpetua Resources has a 12 month low of $2.69 and a 12 month high of $10.72.

Perpetua Resources (NASDAQ:PPTA) last posted its earnings results on Friday, August 9th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. On average, research analysts forecast that Perpetua Resources will post -0.21 earnings per share for the current year.

Insider Activity

In related news, insider Alan Douglas Haslam sold 40,000 shares of the business’s 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 transaction, the insider now owns 65,571 shares in the company, valued at $660,299.97. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Trading of Perpetua Resources

A number of large investors have recently made changes to their positions in PPTA. U S Global Investors Inc. bought a new stake in Perpetua Resources during the 3rd quarter valued at about $234,000. SG Americas Securities LLC bought a new stake in shares of Perpetua Resources during the third quarter valued at approximately $125,000. Marshall Wace LLP bought a new position in Perpetua Resources during the 2nd quarter worth about $197,000. Herr Investment Group LLC increased its position in Perpetua Resources by 5.8% during the 2nd quarter. Herr Investment Group LLC now owns 1,450,498 shares of the company’s stock valued at $7,543,000 after purchasing an additional 80,000 shares during the period. Finally, American Century Companies Inc. bought a new stake in shares of Perpetua Resources in the 2nd quarter valued at about $124,000. 70.07% of the stock is owned by hedge funds and other institutional investors.

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.