Perpetua Resources’ (PPTA) “Buy” Rating Reiterated at B. Riley

B. Riley reaffirmed their buy rating on shares of Perpetua Resources (NASDAQ:PPTAGet Rating) in a report published on Tuesday, reports.

Separately, HC Wainwright lowered their target price on Perpetua Resources from $12.00 to $8.50 and set a buy rating on the stock in a report on Thursday, August 4th.

Perpetua Resources Price Performance

NASDAQ PPTA opened at $2.25 on Tuesday. Perpetua Resources has a 12 month low of $2.20 and a 12 month high of $5.94. The firm has a market capitalization of $141.73 million, a PE ratio of -4.79 and a beta of 0.46. The company’s 50 day simple moving average is $2.66 and its 200 day simple moving average is $3.33.

Perpetua Resources (NASDAQ:PPTAGet Rating) last issued its quarterly earnings results on Friday, August 12th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. Sell-side analysts anticipate that Perpetua Resources will post -0.49 earnings per share for the current fiscal year.

Insider Activity at Perpetua Resources

In other Perpetua Resources news, CFO Jessica Marie Largent purchased 12,500 shares of the firm’s stock in a transaction on Monday, July 11th. The shares were purchased at an average price of $2.80 per share, for a total transaction of $35,000.00. Following the completion of the transaction, the chief financial officer now owns 30,333 shares in the company, valued at approximately $84,932.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired a total of 20,004 shares of company stock valued at $54,491 over the last ninety days. Insiders own 0.94% of the company’s stock.

Institutional Investors Weigh In On Perpetua Resources

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in Perpetua Resources by 2.0% in the 1st quarter. BlackRock Inc. now owns 1,360,829 shares of the company’s stock worth $5,579,000 after purchasing an additional 27,293 shares in the last quarter. Loews Corp boosted its holdings in shares of Perpetua Resources by 4.0% in the second quarter. Loews Corp now owns 1,126,765 shares of the company’s stock worth $3,712,000 after buying an additional 43,269 shares during the period. Eidelman Virant Capital increased its position in shares of Perpetua Resources by 156.4% in the second quarter. Eidelman Virant Capital now owns 910,100 shares of the company’s stock worth $2,557,000 after acquiring an additional 555,100 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Perpetua Resources during the second quarter valued at approximately $2,957,000. Finally, Millennium Management LLC purchased a new stake in shares of Perpetua Resources in the 2nd quarter valued at approximately $1,215,000. 72.33% of the stock is owned by hedge funds and other institutional investors.

Perpetua Resources Company Profile

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Perpetua Resources Corp. engages in the mineral exploration activities in the United States. The company primarily explores for gold, silver, and antimony. Its principal asset is the 100% owned Stibnite gold project located in Valley County, Idaho. The company was formerly known as Midas Gold Corp. and changed its name to Perpetua Resources Corp.

Further Reading

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