Perpetua Resources (NASDAQ:PPTA) Shares Gap Up to $9.00

Perpetua Resources Corp. (NASDAQ:PPTA)’s share price gapped up prior to trading on Monday . The stock had previously closed at $9.00, but opened at $9.21. Perpetua Resources shares last traded at $9.15, with a volume of 117,290 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. HC Wainwright reaffirmed a “buy” rating and set a $13.25 price objective on shares of Perpetua Resources in a research report on Thursday, August 22nd. National Bank Financial initiated coverage on Perpetua Resources in a report on Friday, September 6th. They issued an “outperform” rating for the company.

Perpetua Resources Stock Performance

The company’s 50 day moving average is $7.27 and its 200 day moving average is $6.07.

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

Institutional Trading of Perpetua Resources

Institutional investors and hedge funds have recently bought and sold shares of the business. Krilogy Financial LLC increased its stake in Perpetua Resources by 3.6% in the first quarter. Krilogy Financial LLC now owns 1,727,840 shares of the company’s stock valued at $7,188,000 after purchasing an additional 60,500 shares during the period. B. Riley Financial Inc. increased its position in Perpetua Resources by 1.6% in the 4th quarter. B. Riley Financial Inc. now owns 1,489,903 shares of the company’s stock valued at $4,723,000 after acquiring an additional 24,152 shares during the period. Herr Investment Group LLC raised its stake 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 acquiring an additional 80,000 shares during the last quarter. 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 period. Finally, M&G Plc purchased a new position in shares of Perpetua Resources in the 1st quarter valued at approximately $805,000. Hedge funds and other 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.