Roth Mkm Boosts Perpetua Resources (NASDAQ:PPTA) Price Target to $19.00

Perpetua Resources (NASDAQ:PPTA) had its price target raised by equities research analysts at Roth Mkm from $15.00 to $19.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price target suggests a potential upside of 51.88% from the company’s current price.

Separately, HC Wainwright increased their target price on Perpetua Resources from $13.25 to $22.00 and gave the company a “buy” rating in a research note on Friday, November 15th.

Perpetua Resources Stock Performance

Shares of PPTA opened at $12.51 on Tuesday. Perpetua Resources has a one year low of $2.69 and a one year high of $13.23. The stock has a 50-day moving average price of $10.72 and a 200 day moving average price of $8.85. The company has a market capitalization of $877.86 million, a P/E ratio of -56.86 and a beta of 0.19.

Insider Buying and Selling

In related news, insider Alan Douglas Haslam sold 40,000 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $10.07, for a total transaction of $402,800.00. Following the transaction, the insider now directly owns 65,571 shares in the company, valued at $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 is available through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Trading of Perpetua Resources

Several institutional investors have recently added to or reduced their stakes in PPTA. Herr Investment Group LLC boosted its holdings in shares of Perpetua Resources by 5.8% in the 2nd quarter. Herr Investment Group LLC now owns 1,450,498 shares of the company’s stock valued at $7,543,000 after buying an additional 80,000 shares during the period. Fourth Sail Capital LP acquired a new position in Perpetua Resources in the third quarter valued at approximately $10,405,000. State Street Corp grew its holdings in shares of Perpetua Resources by 8.8% during the third 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 raised its position in shares of Perpetua Resources by 0.5% during 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 holdings 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 last quarter. Institutional investors own 70.07% of the company’s stock.

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.