Perpetua Resources (NASDAQ:PPTA) Price Target Cut to $27.50 by Analysts at HC Wainwright

Perpetua Resources (NASDAQ:PPTA - Get Free Report) had its target price lowered by investment analysts at HC Wainwright from $28.00 to $27.50 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. HC Wainwright's price objective would suggest a potential upside of 138.20% from the company's current price. HC Wainwright also issued estimates for Perpetua Resources' FY2025 earnings at ($0.34) EPS and FY2026 earnings at ($0.35) EPS.

A number of other research firms also recently weighed in on PPTA. National Bank Financial upgraded 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 note on Wednesday, April 2nd.

Perpetua Resources Stock Performance

PPTA stock traded down $0.63 during midday trading on Tuesday, reaching $11.55. 94,271 shares of the company's stock traded hands, compared to its average volume of 654,035. Perpetua Resources has a 52 week low of $5.01 and a 52 week high of $15.44. The company has a 50-day moving average price of $12.08 and a two-hundred day moving average price of $11.17. The firm has a market capitalization of $823.00 million, a PE ratio of -52.68 and a beta of 0.06.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last announced its 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). As a group, analysts predict that Perpetua Resources will post -0.21 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Alan Douglas Haslam sold 10,400 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $9.24, for a total transaction of $96,096.00. Following the completion of the sale, the insider now directly owns 65,763 shares in the company, valued at $607,650.12. This represents a 13.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael Stephen Wright sold 6,500 shares of the stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $13.85, for a total transaction of $90,025.00. Following the sale, the insider now directly owns 14,195 shares of the company's stock, valued at $196,600.75. The trade was a 31.41% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 20,230 shares of company stock valued at $166,582 and have sold 59,610 shares valued at $606,423. Insiders own 1.50% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC boosted its position in Perpetua Resources by 63.4% during the 3rd quarter. Barclays PLC now owns 74,119 shares of the company's stock valued at $694,000 after acquiring an additional 28,746 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Perpetua Resources by 232.2% in the third quarter. JPMorgan Chase & Co. now owns 57,158 shares of the company's stock worth $534,000 after purchasing an additional 39,954 shares during the period. SG Americas Securities LLC raised its holdings in Perpetua Resources by 48.1% in the fourth quarter. SG Americas Securities LLC now owns 19,870 shares of the company's stock worth $212,000 after purchasing an additional 6,454 shares in the last quarter. Ninety One UK Ltd purchased a new position in Perpetua Resources during the fourth quarter valued at $1,693,000. Finally, Lane & Associates LLC boosted its holdings in shares of Perpetua Resources by 24.0% during the 4th quarter. Lane & Associates LLC now owns 15,987 shares of the company's stock valued at $189,000 after buying an additional 3,095 shares in the last quarter. 70.07% of the stock is currently owned by institutional investors.

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.