Roth Mkm Reaffirms Buy Rating for Perpetua Resources (NASDAQ:PPTA)

Perpetua Resources (NASDAQ:PPTA)‘s stock had its “buy” rating restated by analysts at Roth Mkm in a research note issued on Thursday,Benzinga reports. They presently have a $15.00 price objective on the stock. Roth Mkm’s price target would indicate a potential upside of 25.94% from the stock’s previous close.

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

Perpetua Resources Stock Up 0.8 %

Shares of PPTA stock opened at $11.91 on Thursday. Perpetua Resources has a 12-month low of $2.69 and a 12-month high of $13.18. The firm has a fifty day moving average of $10.06 and a 200-day moving average of $8.22. The company has a market capitalization of $835.72 million, a price-to-earnings ratio of -54.14 and a beta of 0.22.

Insider Activity at Perpetua Resources

In related news, insider Alan Douglas Haslam sold 40,000 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $10.07, for a total value of $402,800.00. Following the completion of the transaction, the insider now directly owns 65,571 shares of the company’s stock, valued at approximately $660,299.97. This trade represents a 37.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.

Institutional Trading of Perpetua Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC increased its position in Perpetua Resources by 43.6% during the third quarter. Virtu Financial LLC now owns 34,478 shares of the company’s stock worth $322,000 after buying an additional 10,463 shares during the last quarter. Barclays PLC boosted its stake in shares of Perpetua Resources by 63.4% during the 3rd quarter. Barclays PLC now owns 74,119 shares of the company’s stock worth $694,000 after acquiring an additional 28,746 shares during the period. Geode Capital Management LLC increased its holdings 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 acquiring an additional 2,252 shares during the last quarter. Continuum Advisory LLC raised its stake in Perpetua Resources by 500.0% in the 3rd quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock valued at $44,000 after acquiring an additional 4,000 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Perpetua Resources by 4.3% during the 3rd quarter. Jane Street Group LLC now owns 63,527 shares of the company’s stock valued at $597,000 after purchasing an additional 2,605 shares during the last quarter. 70.07% of the stock is owned by institutional investors.

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.