Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) shares rose 4.1% on Monday . The company traded as high as $15.18 and last traded at $15.10. 393,320 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 615,864 shares. The stock had previously closed at $14.51.
Wall Street Analyst Weigh In
PPTA has been the subject of a number of research analyst reports. National Bankshares restated an "outperform" rating on shares of Perpetua Resources in a report on Wednesday, April 2nd. HC Wainwright lifted their price objective on Perpetua Resources from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, March 21st. Finally, National Bank Financial raised shares of Perpetua Resources to a "strong-buy" rating in a research report on Friday, March 21st.
Get Our Latest Research Report on PPTA
Perpetua Resources Stock Up 5.1 %
The company has a market cap of $1.08 billion, a price-to-earnings ratio of -69.09 and a beta of 0.06. The stock has a 50 day simple moving average of $11.83 and a 200 day simple moving average of $11.12.
Perpetua Resources (NASDAQ:PPTA - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.10). As a group, equities research analysts expect that Perpetua Resources Corp. will post -0.21 EPS for the current fiscal year.
Insider Buying and Selling
In other Perpetua Resources news, Director Robert Alan Dean purchased 5,000 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average price of $8.32 per share, for a total transaction of $41,600.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at $83,200. The trade was a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alan Douglas Haslam sold 10,400 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $9.24, for a total value of $96,096.00. Following the completion of the transaction, the insider now directly owns 65,763 shares of the company's stock, valued at $607,650.12. This represents a 13.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 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 currently owned by insiders.
Institutional Trading of Perpetua Resources
Several institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its position in shares of Perpetua Resources by 63.4% during the third quarter. Barclays PLC now owns 74,119 shares of the company's stock worth $694,000 after purchasing an additional 28,746 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Perpetua Resources by 232.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 57,158 shares of the company's stock valued at $534,000 after acquiring an additional 39,954 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Perpetua Resources by 48.1% during the 4th quarter. SG Americas Securities LLC now owns 19,870 shares of the company's stock valued at $212,000 after acquiring an additional 6,454 shares in the last quarter. Ninety One UK Ltd bought a new position in Perpetua Resources during the fourth quarter worth $1,693,000. Finally, Lane & Associates LLC boosted its holdings in Perpetua Resources by 24.0% in the fourth quarter. Lane & Associates LLC now owns 15,987 shares of the company's stock worth $189,000 after purchasing an additional 3,095 shares during the period. 70.07% of the stock is owned by institutional investors and hedge funds.
About Perpetua Resources
(
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.
See Also
Before you consider Perpetua Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Perpetua Resources wasn't on the list.
While Perpetua Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
