Perpetua Resources (NASDAQ:PPTA) Stock Price Down 4.1% – What’s Next?

Perpetua Resources Corp. (NASDAQ:PPTA)’s share price dropped 4.1% during mid-day trading on Tuesday . The company traded as low as $13.12 and last traded at $13.18. Approximately 166,365 shares traded hands during trading, a decline of 71% from the average daily volume of 566,207 shares. The stock had previously closed at $13.74.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. National Bank Financial raised Perpetua Resources to a “strong-buy” rating in a report on Friday, March 21st. HC Wainwright lifted their target price on shares of Perpetua Resources from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. Roth Mkm boosted their price target on shares of Perpetua Resources from $15.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Finally, National Bankshares reiterated an “outperform” rating on shares of Perpetua Resources in a research report on Wednesday, April 2nd.

Perpetua Resources Trading Down 4.7 %

The business has a fifty day moving average price of $10.17 and a two-hundred day moving average price of $10.52. The company has a market cap of $924.27 million, a price-to-earnings ratio of -59.50 and a beta of 0.12.

Perpetua Resources (NASDAQ:PPTA) last released its quarterly earnings data 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. On average, analysts anticipate that Perpetua Resources Corp. will post -0.21 EPS for the current year.

Insider Activity at Perpetua Resources

In other Perpetua Resources news, Director Richie Darrin Haddock bought 5,780 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $8.56 per share, with a total value of $49,476.80. Following the completion of the transaction, the director now directly owns 5,780 shares of the company’s stock, valued at $49,476.80. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mckinsey Margaret Lyon sold 22,710 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $8.82, for a total value of $200,302.20. Following the completion of the sale, the insider now directly owns 89,154 shares of the company’s stock, valued at $786,338.28. This represents a 20.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 20,230 shares of company stock valued at $166,582 and sold 53,110 shares valued at $516,398. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Ancora Advisors LLC acquired a new position in Perpetua Resources during the fourth quarter valued at approximately $37,000. GAMMA Investing LLC raised its holdings in Perpetua Resources by 1,658.4% in the 1st quarter. GAMMA Investing LLC now owns 4,308 shares of the company’s stock worth $46,000 after acquiring an additional 4,063 shares during the period. BNP Paribas Financial Markets acquired a new position in Perpetua Resources during the 4th quarter worth $55,000. ProShare Advisors LLC bought a new stake in Perpetua Resources during the fourth quarter valued at about $116,000. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of Perpetua Resources in the fourth quarter valued at about $140,000. 70.07% of the stock is owned by institutional investors.

Perpetua Resources Company Profile

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.