Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) insider Michael Stephen Wright sold 6,500 shares of Perpetua Resources stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $13.85, for a total value of $90,025.00. Following the completion of the transaction, the insider now owns 14,195 shares in the company, valued at approximately $196,600.75. This represents a 31.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Perpetua Resources Stock Down 0.1 %
Shares of PPTA opened at $14.29 on Friday. The stock has a market cap of $1.02 billion, a P/E ratio of -64.95 and a beta of 0.12. The business's 50 day moving average price is $10.60 and its 200-day moving average price is $10.77. Perpetua Resources Corp. has a 52 week low of $4.96 and a 52 week high of $14.75.
Perpetua Resources (NASDAQ:PPTA - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.03. On average, equities analysts anticipate that Perpetua Resources Corp. will post -0.21 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have issued reports on PPTA. Roth Mkm raised their price target on shares of Perpetua Resources from $15.00 to $19.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. National Bank Financial raised Perpetua Resources to a "strong-buy" rating in a research note on Friday, March 21st. HC Wainwright upped their price target on Perpetua Resources from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, March 21st. Finally, National Bankshares reiterated an "outperform" rating on shares of Perpetua Resources in a report on Wednesday, April 2nd.
Read Our Latest Stock Analysis on PPTA
Hedge Funds Weigh In On Perpetua Resources
Several hedge funds and other institutional investors have recently bought and sold shares of PPTA. Amundi bought a new position in shares of Perpetua Resources in the 4th quarter worth approximately $7,788,000. Millennium Management LLC boosted its stake in shares of Perpetua Resources by 226.7% during the 4th quarter. Millennium Management LLC now owns 370,536 shares of the company's stock worth $3,954,000 after acquiring an additional 257,130 shares during the last quarter. Cohen & Steers Inc. bought a new stake in shares of Perpetua Resources during the 4th quarter valued at $2,729,000. Yaupon Capital Management LP purchased a new position in Perpetua Resources during the fourth quarter valued at $2,668,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in Perpetua Resources in the fourth quarter worth about $1,937,000. Institutional investors own 70.07% of the company's stock.
About Perpetua Resources
(
Get Free Report)
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.
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