Perpetua Resources’ (PPTA) “Buy” Rating Reiterated at Roth Mkm

Roth Mkm reissued their buy rating on shares of Perpetua Resources (NASDAQ:PPTA) in a report published on Thursday morning,Benzinga reports. Roth Mkm currently has a $15.00 price objective on the stock.

A number of other brokerages also recently issued reports on PPTA. HC Wainwright increased their price objective on Perpetua Resources from $13.25 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. National Bank Financial began coverage on Perpetua Resources in a report on Friday, September 6th. They issued an “outperform” rating on the stock.

Perpetua Resources Price Performance

NASDAQ:PPTA opened at $11.91 on Thursday. The firm’s fifty day moving average price is $10.06 and its two-hundred day moving average price is $8.23. Perpetua Resources has a one year low of $2.69 and a one year high of $13.18. The company has a market cap of $835.68 million, a P/E ratio of -54.14 and a beta of 0.22.

Insider Transactions at Perpetua Resources

In other Perpetua Resources news, insider Alan Douglas Haslam sold 40,000 shares of Perpetua Resources stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $10.07, for a total transaction of $402,800.00. Following the completion of the sale, the insider now owns 65,571 shares of the company’s stock, valued at $660,299.97. The trade was a 37.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Perpetua Resources

A number of large investors have recently modified their holdings of the company. Continuum Advisory LLC boosted its stake in Perpetua Resources by 500.0% in the third quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock worth $44,000 after buying an additional 4,000 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Perpetua Resources in the 3rd quarter worth approximately $98,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Perpetua Resources in the 1st quarter valued at $51,000. Quantbot Technologies LP bought a new position in shares of Perpetua Resources during the 3rd quarter valued at $123,000. Finally, Flaharty Asset Management LLC purchased a new position in Perpetua Resources in the 2nd quarter worth $70,000. 70.07% of the stock is 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.