Perpetua Resources (NASDAQ:PPTA) Price Target Lowered to $27.50 at HC Wainwright

Perpetua Resources (NASDAQ:PPTA - Get Free Report) had its price objective lowered by equities research analysts at HC Wainwright from $28.00 to $27.50 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. HC Wainwright's target price indicates a potential upside of 130.32% from the stock's previous close. HC Wainwright also issued estimates for Perpetua Resources' FY2025 earnings at ($0.34) EPS and FY2026 earnings at ($0.35) EPS.

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

Perpetua Resources Price Performance

PPTA stock traded down $0.23 during trading hours on Tuesday, reaching $11.94. The stock had a trading volume of 1,147,692 shares, compared to its average volume of 662,370. The stock has a market capitalization of $851.15 million, a PE ratio of -54.27 and a beta of 0.06. The stock has a 50-day simple moving average of $12.14 and a 200 day simple moving average of $11.19. Perpetua Resources has a fifty-two week low of $5.01 and a fifty-two week high of $15.44.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.07). On average, sell-side analysts forecast that Perpetua Resources will post -0.21 EPS for the current fiscal year.

Insider Buying and Selling

In other Perpetua Resources news, insider Michael Stephen Wright sold 6,500 shares of the firm's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $13.85, for a total value of $90,025.00. Following the transaction, the insider now directly owns 14,195 shares of the company's stock, valued at $196,600.75. This trade represents a 31.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mckinsey Margaret Lyon sold 20,000 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $11.00, for a total transaction of $220,000.00. Following the completion of the transaction, the insider now directly owns 89,154 shares in the company, valued at approximately $980,694. This represents a 18.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 20,230 shares of company stock valued at $166,582 and have sold 59,610 shares valued at $606,423. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Perpetua Resources

Several hedge funds have recently bought and sold shares of PPTA. Ancora Advisors LLC bought a new position in Perpetua Resources in the 4th quarter valued at about $37,000. GAMMA Investing LLC increased its holdings in Perpetua Resources by 1,658.4% in the 1st quarter. GAMMA Investing LLC now owns 4,308 shares of the company's stock valued at $46,000 after buying an additional 4,063 shares during the period. North Capital Inc. bought a new position in Perpetua Resources in the 1st quarter valued at about $53,000. BNP Paribas Financial Markets bought a new position in Perpetua Resources in the 4th quarter valued at about $55,000. Finally, Quantbot Technologies LP bought a new position in Perpetua Resources in the 1st quarter valued at about $76,000. 70.07% of the stock is owned by 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.