Perpetua Resources Corp. (NASDAQ:PPTA) Director Purchases $41,600.00 in Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Robert Alan Dean bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average cost of $8.32 per share, for a total transaction of $41,600.00. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $83,200. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Perpetua Resources Price Performance

Shares of Perpetua Resources stock opened at $8.03 on Tuesday. The firm has a market capitalization of $564.83 million, a PE ratio of -36.50 and a beta of 0.20. The company’s fifty day moving average price is $11.39 and its two-hundred day moving average price is $10.12. Perpetua Resources Corp. has a 52-week low of $2.69 and a 52-week high of $13.23.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PPTA. HC Wainwright boosted their target price on shares of Perpetua Resources from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Roth Mkm boosted 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, January 7th.

Institutional Investors Weigh In On Perpetua Resources

Several institutional investors and hedge funds have recently bought and sold shares of PPTA. Fourth Sail Capital LP bought a new stake in Perpetua Resources in the 3rd quarter valued at $10,405,000. Amundi bought a new stake in Perpetua Resources in the 4th quarter valued at $7,788,000. Millennium Management LLC increased its holdings in Perpetua Resources by 226.7% in the 4th quarter. Millennium Management LLC now owns 370,536 shares of the company’s stock valued at $3,954,000 after buying an additional 257,130 shares during the period. Cohen & Steers Inc. bought a new stake in Perpetua Resources in the 4th quarter valued at $2,729,000. Finally, Yaupon Capital Management LP bought a new stake in Perpetua Resources in the 4th quarter valued at $2,668,000. 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.