Perpetua Resources (NASDAQ:PPTA) Stock Price Down 3.6% - What's Next?

Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report)'s share price fell 3.6% on Tuesday . The company traded as low as $13.88 and last traded at $13.91. 561,362 shares were traded during trading, a decline of 7% from the average session volume of 600,432 shares. The stock had previously closed at $14.42.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PPTA shares. National Bankshares restated an "outperform" rating on shares of Perpetua Resources in a report on Wednesday, April 2nd. National Bank Financial upgraded shares of Perpetua Resources to a "strong-buy" rating in a report on Friday, March 21st. Roth Mkm lifted their price target on shares of Perpetua Resources from $15.00 to $19.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. Finally, HC Wainwright raised their target price on shares of Perpetua Resources from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, March 21st.

Perpetua Resources Stock Performance

The company has a 50 day moving average of $10.70 and a two-hundred day moving average of $10.83. The stock has a market cap of $1.00 billion, a PE ratio of -63.86 and a beta of 0.12.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.03. As a group, equities research analysts anticipate that Perpetua Resources Corp. will post -0.21 EPS for the current year.

Insider Transactions at Perpetua Resources

In related news, Director Robert Alan Dean acquired 5,000 shares of the stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of $8.32 per share, for a total transaction of $41,600.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at approximately $83,200. This represents a 100.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew Phillip Cole purchased 9,450 shares of the company's stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $7.99 per share, for a total transaction of $75,505.50. Following the purchase, the director now directly owns 9,450 shares in the company, valued at approximately $75,505.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 20,230 shares of company stock worth $166,582 and have sold 59,610 shares worth $606,423. 1.90% of the stock is owned by company insiders.

Institutional Trading of Perpetua Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in PPTA. Ancora Advisors LLC acquired a new position in shares of Perpetua Resources during the 4th quarter worth about $37,000. GAMMA Investing LLC grew its position in Perpetua Resources by 1,658.4% during the first quarter. GAMMA Investing LLC now owns 4,308 shares of the company's stock worth $46,000 after buying an additional 4,063 shares in the last quarter. North Capital Inc. bought a new stake in shares of Perpetua Resources during the 1st quarter valued at $53,000. BNP Paribas Financial Markets acquired a new position in Perpetua Resources during the fourth quarter worth $55,000. Finally, Continuum Advisory LLC increased its holdings in shares of Perpetua Resources by 72.9% during the first quarter. Continuum Advisory LLC now owns 8,300 shares of the company's stock worth $89,000 after purchasing an additional 3,500 shares during the period. Institutional investors and hedge funds own 70.07% of the company's stock.

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.

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