Perpetua Resources (NASDAQ:PPTA) Given New $19.00 Price Target at Roth Mkm

Perpetua Resources (NASDAQ:PPTA) had its target price boosted by Roth Mkm from $15.00 to $19.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Separately, HC Wainwright boosted their price objective on shares of Perpetua Resources from $13.25 to $22.00 and gave the stock a “buy” rating in a report on Friday, November 15th.

Perpetua Resources Stock Performance

NASDAQ:PPTA opened at $12.51 on Tuesday. The firm has a market cap of $877.86 million, a P/E ratio of -56.86 and a beta of 0.19. Perpetua Resources has a fifty-two week low of $2.69 and a fifty-two week high of $13.23. The firm has a 50-day simple moving average of $10.67 and a two-hundred day simple moving average of $8.82.

Insiders Place Their Bets

In related news, insider Alan Douglas Haslam sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $10.07, for a total value of $402,800.00. Following the sale, the insider now owns 65,571 shares in the company, valued at approximately $660,299.97. This trade represents a 37.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Perpetua Resources

Several hedge funds and other institutional investors have recently modified their holdings of PPTA. Herr Investment Group LLC increased its position in Perpetua Resources by 5.8% during the second quarter. Herr Investment Group LLC now owns 1,450,498 shares of the company’s stock valued at $7,543,000 after acquiring an additional 80,000 shares during the last quarter. Fourth Sail Capital LP bought a new stake in shares of Perpetua Resources during the 3rd quarter valued at about $10,405,000. State Street Corp increased its position in shares of Perpetua Resources by 8.8% during the 3rd quarter. State Street Corp now owns 593,502 shares of the company’s stock valued at $5,549,000 after purchasing an additional 48,220 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Perpetua Resources by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 484,829 shares of the company’s stock worth $4,533,000 after purchasing an additional 2,252 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Perpetua Resources by 20.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 107,551 shares of the company’s stock worth $559,000 after purchasing an additional 17,954 shares during the period. 70.07% of the stock is owned by institutional investors.

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.