Perpetua Resources Corp. (NASDAQ:PPTA) Director Andrew Phillip Cole Acquires 9,450 Shares

Perpetua Resources Corp. (NASDAQ:PPTA) Director Andrew Phillip Cole bought 9,450 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was purchased at an average price of $7.99 per share, for a total transaction of $75,505.50. Following the purchase, the director now owns 9,450 shares of the company’s stock, valued at approximately $75,505.50. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Perpetua Resources Stock Down 3.8 %

Shares of Perpetua Resources stock opened at $8.03 on Tuesday. The company has a market cap of $564.83 million, a price-to-earnings ratio of -36.50 and a beta of 0.20. The company’s 50 day moving average is $11.39 and its 200 day moving average is $10.12. Perpetua Resources Corp. has a twelve month low of $2.69 and a twelve month high of $13.23.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC lifted its position in Perpetua Resources by 222.4% during the fourth quarter. Squarepoint Ops LLC now owns 246,029 shares of the company’s stock valued at $2,625,000 after purchasing an additional 169,713 shares during the period. Tidal Investments LLC bought a new position in Perpetua Resources during the fourth quarter valued at approximately $143,000. Polar Asset Management Partners Inc. bought a new position in Perpetua Resources during the fourth quarter valued at approximately $1,937,000. ProShare Advisors LLC purchased a new stake in Perpetua Resources during the fourth quarter valued at approximately $116,000. Finally, Millennium Management LLC increased its holdings in Perpetua Resources by 226.7% during the fourth quarter. Millennium Management LLC now owns 370,536 shares of the company’s stock valued at $3,954,000 after buying an additional 257,130 shares during the last quarter. Institutional investors own 70.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. HC Wainwright upped their target price on shares of Perpetua Resources from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Roth Mkm upped their target price on shares of Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a research note 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.