Perpetua Resources Corp. (NASDAQ:PPTA) Director Andrew Phillip Cole Acquires 9,450 Shares

Perpetua Resources Corp. (NASDAQ:PPTA) Director Andrew Phillip Cole purchased 9,450 shares of Perpetua Resources stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $7.99 per share, for a total transaction of $75,505.50. Following the transaction, the director now directly owns 9,450 shares of the company’s stock, valued at $75,505.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Perpetua Resources Price Performance

NASDAQ:PPTA opened at $8.03 on Tuesday. Perpetua Resources Corp. has a one year low of $2.69 and a one year high of $13.23. The company’s 50-day simple moving average is $11.39 and its 200 day simple moving average is $10.12. The firm has a market capitalization of $564.83 million, a P/E ratio of -36.50 and a beta of 0.20.

Institutional Investors Weigh In On Perpetua Resources

Several hedge funds have recently bought and sold shares of PPTA. Fourth Sail Capital LP bought a new stake in Perpetua Resources during the third quarter worth about $10,405,000. Amundi bought a new stake in Perpetua Resources during the fourth quarter worth about $7,788,000. Millennium Management LLC boosted its stake in Perpetua Resources by 226.7% during the fourth quarter. Millennium Management LLC now owns 370,536 shares of the company’s stock worth $3,954,000 after acquiring an additional 257,130 shares in the last quarter. Cohen & Steers Inc. bought a new stake in Perpetua Resources during the fourth quarter worth about $2,729,000. Finally, Yaupon Capital Management LP bought a new stake in Perpetua Resources during the fourth quarter worth about $2,668,000. Institutional investors own 70.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PPTA. HC Wainwright boosted 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. Roth Mkm boosted their price target on shares of Perpetua Resources from $15.00 to $19.00 and gave the company a “buy” rating in a research report 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.