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

Perpetua Resources (NASDAQ:PPTA) had its price target upped by stock analysts at Roth Mkm from $15.00 to $19.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s target price would indicate a potential upside of 48.79% from the company’s current price.

Separately, HC Wainwright raised their target price on shares of Perpetua Resources from $13.25 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 15th.

Perpetua Resources Stock Performance

PPTA opened at $12.77 on Tuesday. The stock has a market capitalization of $896.11 million, a PE ratio of -58.05 and a beta of 0.19. The stock’s 50 day moving average price is $10.63 and its 200-day moving average price is $8.78. Perpetua Resources has a 52-week low of $2.69 and a 52-week high of $13.23.

Insider Activity at Perpetua Resources

In other Perpetua Resources news, insider Alan Douglas Haslam sold 40,000 shares of Perpetua Resources stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $10.07, for a total transaction of $402,800.00. Following the transaction, 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 Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. State Street Corp lifted its position in shares of Perpetua Resources by 8.8% in the third quarter. State Street Corp now owns 593,502 shares of the company’s stock valued at $5,549,000 after acquiring an additional 48,220 shares in the last quarter. Jane Street Group LLC lifted its holdings in Perpetua Resources by 4.3% in the 3rd quarter. Jane Street Group LLC now owns 63,527 shares of the company’s stock worth $597,000 after purchasing an additional 2,605 shares in the last quarter. Fourth Sail Capital LP bought a new position in Perpetua Resources in the 3rd quarter worth approximately $10,405,000. Herr Investment Group LLC grew its holdings in Perpetua Resources by 5.8% during 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 in the last quarter. Finally, Barclays PLC raised its position in shares of Perpetua Resources by 63.4% during the third quarter. Barclays PLC now owns 74,119 shares of the company’s stock valued at $694,000 after buying an additional 28,746 shares during the last quarter. Institutional investors own 70.07% of the company’s stock.

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.