Perpetua Resources Corp. (NASDAQ:PPTA) Director Robert Alan Dean Buys 5,000 Shares

Perpetua Resources Corp. (NASDAQ:PPTA) Director Robert Alan Dean bought 5,000 shares of the stock in a transaction dated Friday, February 21st. The shares were purchased 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 in the company, valued at approximately $83,200. The trade was a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Perpetua Resources Stock Down 9.5 %

PPTA opened at $8.35 on Monday. The business has a fifty day moving average of $11.48 and a 200 day moving average of $10.10. Perpetua Resources Corp. has a 52-week low of $2.69 and a 52-week high of $13.23. The stock has a market cap of $587.34 million, a P/E ratio of -37.95 and a beta of 0.20.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PPTA shares. Roth Mkm raised their price objective on Perpetua Resources from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. HC Wainwright boosted their price objective 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.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Sprott Inc. boosted its position in Perpetua Resources by 5.3% in the 4th quarter. Sprott Inc. now owns 2,938,871 shares of the company’s stock valued at $31,358,000 after buying an additional 148,273 shares during the period. Fourth Sail Capital LP purchased a new position in Perpetua Resources during the 3rd quarter worth $10,405,000. Condire Management LP raised its position in Perpetua Resources by 6.9% during the 4th quarter. Condire Management LP now owns 890,459 shares of the company’s stock valued at $9,501,000 after purchasing an additional 57,399 shares in the last quarter. Amundi purchased a new stake in shares of Perpetua Resources in the 4th quarter worth $7,788,000. Finally, State Street Corp grew its position in shares of Perpetua Resources by 8.8% during the 3rd quarter. State Street Corp now owns 593,502 shares of the company’s stock worth $5,549,000 after buying an additional 48,220 shares in the last quarter. 70.07% of the stock is currently owned by institutional investors.

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.