Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $27.19, but opened at $29.05. Perpetua Resources shares last traded at $30.02, with a volume of 1,918,193 shares traded.
Analyst Ratings Changes
Several research analysts have commented on PPTA shares. UBS Group set a $30.00 price target on Perpetua Resources in a research report on Thursday, October 9th. Royal Bank Of Canada started coverage on Perpetua Resources in a research report on Friday, July 18th. They issued an "outperform" rating and a $23.00 price target on the stock. Wall Street Zen raised Perpetua Resources from a "sell" rating to a "hold" rating in a research report on Saturday, September 20th. Roth Capital reaffirmed a "buy" rating on shares of Perpetua Resources in a research report on Monday, September 22nd. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Perpetua Resources in a research report on Wednesday, June 18th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Perpetua Resources has an average rating of "Moderate Buy" and a consensus price target of $25.40.
Read Our Latest Report on PPTA
Perpetua Resources Stock Up 3.2%
The firm has a market capitalization of $3.02 billion, a P/E ratio of -90.64 and a beta of 0.01. The business has a 50-day moving average price of $19.23 and a 200-day moving average price of $15.68.
Perpetua Resources (NASDAQ:PPTA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.06. As a group, sell-side analysts forecast that Perpetua Resources Corp. will post -0.21 EPS for the current year.
Insider Buying and Selling at Perpetua Resources
In related news, insider Jonathan Cherry sold 14,911 shares of the company's stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $23.72, for a total value of $353,688.92. Following the completion of the sale, the insider owned 36,249 shares in the company, valued at approximately $859,826.28. This represents a 29.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael Stephen Wright sold 10,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $18.31, for a total value of $183,100.00. Following the completion of the sale, the insider owned 14,195 shares of the company's stock, valued at $259,910.45. This represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Private Trust Co. NA acquired a new position in Perpetua Resources during the third quarter valued at approximately $35,000. Lowe Wealth Advisors LLC acquired a new position in Perpetua Resources during the second quarter valued at approximately $26,000. Steward Partners Investment Advisory LLC acquired a new position in Perpetua Resources during the second quarter valued at approximately $31,000. Farther Finance Advisors LLC acquired a new position in Perpetua Resources during the third quarter valued at approximately $52,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Perpetua Resources during the second quarter valued at approximately $39,000. 70.07% of the stock is currently owned by institutional investors.
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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