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, PriceTargets.com 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

(Get Rating)

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

Receive News & Ratings for Perpetua Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perpetua Resources and related companies with MarketBeat.com's FREE daily email newsletter.