Perpetua Resources (NASDAQ:PPTA) Shares Up 3.8% – Time to Buy?

Perpetua Resources Corp. (NASDAQ:PPTA)’s stock price traded up 3.8% on Monday . The stock traded as high as $10.57 and last traded at $10.52. 65,230 shares were traded during trading, a decline of 74% from the average session volume of 253,320 shares. The stock had previously closed at $10.13.

Analyst Ratings Changes

PPTA has been the topic of a number of research reports. HC Wainwright reiterated a “buy” rating and issued a $13.25 target price on shares of Perpetua Resources in a report on Thursday, August 22nd. National Bank Financial initiated coverage on shares of Perpetua Resources in a research report on Friday, September 6th. They issued an “outperform” rating for the company.

Perpetua Resources Stock Performance

The company has a market capitalization of $689.98 million, a PE ratio of -39.59 and a beta of 0.29. The stock has a 50 day moving average price of $8.97 and a two-hundred day moving average price of $7.08.

Perpetua Resources (NASDAQ:PPTA) last posted its earnings results on Friday, August 9th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. Sell-side analysts predict that Perpetua Resources Corp. will post -0.21 earnings per share for the current year.

Insiders Place Their Bets

In other Perpetua Resources news, insider Alan Douglas Haslam sold 40,000 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $10.07, for a total value of $402,800.00. Following the completion of the sale, the insider now owns 65,571 shares of the company’s stock, valued at $660,299.97. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Perpetua Resources

Institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. lifted its position in Perpetua Resources by 1.6% during the 1st quarter. Russell Investments Group Ltd. now owns 581,600 shares of the company’s stock worth $2,419,000 after acquiring an additional 8,985 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of Perpetua Resources during the 1st quarter worth about $51,000. Flaharty Asset Management LLC bought a new stake in Perpetua Resources during the 2nd quarter valued at approximately $70,000. SG Americas Securities LLC acquired a new stake in Perpetua Resources in the 3rd quarter valued at approximately $125,000. Finally, National Bank of Canada FI increased its position in Perpetua Resources by 37.5% in the 2nd quarter. National Bank of Canada FI now owns 55,000 shares of the company’s stock worth $281,000 after buying an additional 15,000 shares during the period. 70.07% of the stock is currently owned by institutional investors and hedge funds.

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.