Shares of Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) traded up 7.4% during mid-day trading on Monday . The company traded as high as $14.94 and last traded at $14.94. 308,030 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 688,692 shares. The stock had previously closed at $13.91.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the stock. National Bank Financial raised shares of Perpetua Resources to a "strong-buy" rating in a research note on Friday, March 21st. National Bankshares reaffirmed an "outperform" rating on shares of Perpetua Resources in a research note on Wednesday, April 2nd. Finally, HC Wainwright reduced their price objective on shares of Perpetua Resources from $28.00 to $27.50 and set a "buy" rating on the stock in a research note on Tuesday, May 13th.
Check Out Our Latest Research Report on PPTA
Perpetua Resources Price Performance
The business's 50-day moving average price is $13.08 and its two-hundred day moving average price is $11.60. The company has a market capitalization of $1.21 billion, a P/E ratio of -77.45 and a beta of 0.06.
Perpetua Resources (NASDAQ:PPTA - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.07). Research analysts expect that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.
Insider Transactions at Perpetua Resources
In related news, insider Mckinsey Margaret Lyon sold 20,000 shares of the firm's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $11.00, for a total transaction of $220,000.00. Following the sale, the insider now directly owns 89,154 shares in the company, valued at $980,694. This trade represents a 18.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael Stephen Wright sold 6,500 shares of the firm's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $13.85, for a total transaction of $90,025.00. Following the sale, the insider now owns 14,195 shares in the company, valued at approximately $196,600.75. The trade was a 31.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.
Institutional Investors Weigh In On Perpetua Resources
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. DLD Asset Management LP acquired a new stake in shares of Perpetua Resources during the first quarter worth $1,069,000. Rhumbline Advisers increased its stake in Perpetua Resources by 6.0% in the 1st quarter. Rhumbline Advisers now owns 64,688 shares of the company's stock valued at $692,000 after buying an additional 3,672 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Perpetua Resources by 1.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 108,921 shares of the company's stock valued at $1,164,000 after buying an additional 1,835 shares during the last quarter. Millennium Management LLC increased its stake in Perpetua Resources by 219.0% in the 1st quarter. Millennium Management LLC now owns 1,181,899 shares of the company's stock valued at $12,634,000 after buying an additional 811,363 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Perpetua Resources by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,958 shares of the company's stock valued at $672,000 after buying an additional 2,680 shares during the last quarter. 70.07% of the stock is currently 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.
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