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Perpetua Resources (NASDAQ:PPTA) Receives "Buy" Rating From B. Riley

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B. Riley reiterated their buy rating on shares of Perpetua Resources (NASDAQ:PPTA – Get Rating) in a research report sent to investors on Tuesday, PriceTargets.com reports.

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

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Perpetua Resources Trading Down 9.3 %

Shares of PPTA opened at $2.04 on Tuesday. The business's 50 day moving average is $2.64 and its 200 day moving average is $3.31. The company has a market capitalization of $128.50 million, a PE ratio of -4.34 and a beta of 0.46. Perpetua Resources has a 12-month low of $2.04 and a 12-month high of $5.94.

Perpetua Resources (NASDAQ:PPTA – Get Rating) last issued its earnings results on Friday, August 12th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.02. Equities research analysts predict that Perpetua Resources will post -0.49 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Jessica Marie Largent acquired 12,500 shares of Perpetua Resources stock in a transaction on Monday, July 11th. The shares were acquired at an average price of $2.80 per share, with a total value of $35,000.00. Following the purchase, the chief financial officer now directly owns 30,333 shares in the company, valued at approximately $84,932.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have bought a total of 20,004 shares of company stock valued at $54,491 in the last quarter. 0.94% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Perpetua Resources

Large investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. increased its position in shares of Perpetua Resources by 458.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 10,598 shares of the company's stock valued at $50,000 after purchasing an additional 8,700 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Perpetua Resources during the 1st quarter valued at approximately $58,000. Dimensional Fund Advisors LP bought a new position in shares of Perpetua Resources during the 1st quarter valued at approximately $66,000. Prelude Capital Management LLC bought a new position in shares of Perpetua Resources during the 1st quarter valued at approximately $66,000. Finally, Scholtz & Company LLC increased its position in shares of Perpetua Resources by 71.2% during the 4th quarter. Scholtz & Company LLC now owns 18,476 shares of the company's stock valued at $88,000 after purchasing an additional 7,685 shares during the last quarter. Institutional investors own 72.33% of the company's stock.

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.

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