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

Perpetua Resources Corp. (NASDAQ:PPTA) Director Robert Alan Dean purchased 5,000 shares of the firm’s stock in a transaction that occurred 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 acquisition, the director now owns 10,000 shares of the company’s stock, valued at $83,200. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Perpetua Resources Stock Down 3.8 %

NASDAQ PPTA opened at $8.03 on Tuesday. Perpetua Resources Corp. has a 12-month low of $2.69 and a 12-month high of $13.23. The stock has a market capitalization of $564.83 million, a PE ratio of -36.50 and a beta of 0.20. The company has a 50 day moving average price of $11.39 and a two-hundred day moving average price of $10.12.

Hedge Funds Weigh In On Perpetua Resources

A number of institutional investors have recently modified their holdings of PPTA. Fourth Sail Capital LP bought a new position in shares of Perpetua Resources in the third quarter valued at approximately $10,405,000. Amundi bought a new position in shares of Perpetua Resources in the fourth quarter valued at approximately $7,788,000. Millennium Management LLC raised its position in shares of Perpetua Resources by 226.7% in the fourth quarter. Millennium Management LLC now owns 370,536 shares of the company’s stock valued at $3,954,000 after purchasing an additional 257,130 shares during the period. Cohen & Steers Inc. bought a new position in shares of Perpetua Resources in the fourth quarter valued at approximately $2,729,000. Finally, Yaupon Capital Management LP bought a new position in shares of Perpetua Resources in the fourth quarter valued at approximately $2,668,000. Institutional investors own 70.07% of the company’s stock.

Analyst Ratings Changes

PPTA has been the subject of a number of analyst reports. Roth Mkm lifted their target price on shares of 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 lifted their target price on shares of Perpetua Resources from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th.

About Perpetua Resources

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.