Perpetua Resources Corp. (NASDAQ:PPTA) Director Buys $41,600.00 in Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Robert Alan Dean acquired 5,000 shares of Perpetua Resources stock in a transaction on Friday, February 21st. The shares were bought at an average price of $8.32 per share, with a total value of $41,600.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $83,200. This trade represents a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Perpetua Resources Trading Up 4.5 %

Shares of NASDAQ:PPTA opened at $8.53 on Thursday. The company has a market capitalization of $600.01 million, a price-to-earnings ratio of -38.77 and a beta of 0.20. The business has a 50-day moving average price of $11.24 and a 200 day moving average price of $10.12. Perpetua Resources Corp. has a 12-month low of $2.69 and a 12-month high of $13.23.

Wall Street Analyst Weigh In

A number of analysts have commented on PPTA shares. Roth Mkm increased their price objective on shares of Perpetua Resources from $15.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. HC Wainwright lifted their price target on shares of Perpetua Resources from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th.

Hedge Funds Weigh In On Perpetua Resources

Several large investors have recently made changes to their positions in PPTA. Fourth Sail Capital LP acquired a new stake in Perpetua Resources in the 3rd quarter valued at approximately $10,405,000. Amundi acquired a new stake in shares of Perpetua Resources in the fourth quarter valued at $7,788,000. Millennium Management LLC raised its holdings in shares of Perpetua Resources by 226.7% in the 4th quarter. Millennium Management LLC now owns 370,536 shares of the company’s stock valued at $3,954,000 after buying an additional 257,130 shares during the period. Cohen & Steers Inc. acquired a new position in Perpetua Resources during the 4th quarter worth about $2,729,000. Finally, Yaupon Capital Management LP purchased a new position in Perpetua Resources during the 4th quarter valued at about $2,668,000. 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.