Perpetua Resources (NASDAQ:PPTA) Price Target Raised to $25.00 at HC Wainwright

Perpetua Resources (NASDAQ:PPTA) had its price objective hoisted by HC Wainwright from $22.00 to $25.00 in a report issued on Tuesday morning,Benzinga reports. HC Wainwright currently has a buy rating on the stock.

Separately, Roth Mkm upped their target price on shares of Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday.

Perpetua Resources Trading Down 2.0 %

NASDAQ:PPTA opened at $12.51 on Tuesday. The stock has a 50-day moving average price of $10.67 and a 200 day moving average price of $8.82. Perpetua Resources has a 12-month low of $2.69 and a 12-month high of $13.23. The stock has a market capitalization of $877.86 million, a P/E ratio of -56.86 and a beta of 0.19.

Insiders Place Their Bets

In other news, insider Alan Douglas Haslam sold 40,000 shares of the business’s stock in a transaction dated 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 directly owns 65,571 shares in the company, valued at $660,299.97. The trade was a 37.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Continuum Advisory LLC lifted its position in shares of Perpetua Resources by 500.0% during the third quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock valued at $44,000 after buying an additional 4,000 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Perpetua Resources in the 3rd quarter valued at $98,000. Quantbot Technologies LP purchased a new position in shares of Perpetua Resources in the 3rd quarter valued at about $123,000. SG Americas Securities LLC acquired a new position in shares of Perpetua Resources during the third quarter valued at approximately $125,000. Finally, American Century Companies Inc. acquired a new stake in Perpetua Resources during the 2nd quarter worth $124,000. 70.07% of the stock is currently owned by hedge funds and other 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.