Shares of Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) have been given an average recommendation of "Buy" by the six ratings firms that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $21.6250.
Several research analysts have recently commented on the stock. HC Wainwright restated a "buy" rating and set a $27.50 price target on shares of Perpetua Resources in a research note on Tuesday, June 17th. Royal Bank Of Canada initiated coverage on shares of Perpetua Resources in a report on Friday, July 18th. They set an "outperform" rating and a $23.00 price objective for the company. National Bankshares reaffirmed an "outperform" rating on shares of Perpetua Resources in a report on Wednesday, June 18th. Finally, B. Riley reaffirmed a "buy" rating and set a $17.00 price objective (up from $16.00) on shares of Perpetua Resources in a report on Wednesday, June 18th.
Get Our Latest Analysis on PPTA
Insider Activity at Perpetua Resources
In other Perpetua Resources news, major shareholder Paulson & Co. Inc. purchased 7,575,757 shares of the business's stock in a transaction on Monday, June 16th. The stock was purchased at an average price of $13.20 per share, for a total transaction of $99,999,992.40. Following the completion of the purchase, the insider directly owned 32,347,299 shares in the company, valued at approximately $426,984,346.80. This trade represents a 30.58% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.90% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lowe Wealth Advisors LLC acquired a new stake in shares of Perpetua Resources during the second quarter worth approximately $26,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Perpetua Resources during the second quarter valued at approximately $31,000. Ancora Advisors LLC bought a new stake in shares of Perpetua Resources during the fourth quarter valued at approximately $37,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Perpetua Resources during the second quarter valued at approximately $39,000. Finally, GAMMA Investing LLC grew its stake in shares of Perpetua Resources by 1,658.4% during the first quarter. GAMMA Investing LLC now owns 4,308 shares of the company's stock valued at $46,000 after purchasing an additional 4,063 shares during the last quarter. Institutional investors own 70.07% of the company's stock.
Perpetua Resources Stock Performance
Shares of PPTA remained flat at $17.37 during mid-day trading on Tuesday. 1,285,135 shares of the stock traded hands, compared to its average volume of 2,265,357. The firm's fifty day simple moving average is $14.92 and its two-hundred day simple moving average is $12.82. Perpetua Resources has a 52 week low of $6.00 and a 52 week high of $18.04. The firm has a market capitalization of $1.87 billion, a PE ratio of -59.90 and a beta of -0.02.
Perpetua Resources (NASDAQ:PPTA - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.07). As a group, equities research analysts forecast that Perpetua Resources will post -0.21 EPS for the current year.
Perpetua Resources Company Profile
(
Get Free Report)
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.
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