Perpetua Resources’ (PPTA) Sell (D-) Rating Reiterated at Weiss Ratings

Perpetua Resources (NASDAQ:PPTA)‘s stock had its “sell (d-)” rating reiterated by equities research analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

PPTA has been the subject of several other reports. B. Riley lifted their target price on Perpetua Resources from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. UBS Group set a $30.00 price target on Perpetua Resources in a research note on Thursday, October 9th. HC Wainwright restated a “buy” rating and issued a $30.00 price target on shares of Perpetua Resources in a research note on Tuesday, September 23rd. Roth Capital set a $32.00 price target on Perpetua Resources and gave the company a “buy” rating in a research note on Wednesday. Finally, Royal Bank Of Canada assumed coverage on Perpetua Resources in a research note on Friday, July 18th. They issued an “outperform” rating and a $23.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Perpetua Resources presently has a consensus rating of “Buy” and an average price target of $28.57.

Perpetua Resources Trading Down 0.5%

Shares of NASDAQ PPTA opened at $23.30 on Friday. Perpetua Resources has a 12 month low of $7.81 and a 12 month high of $31.65. The stock has a 50 day moving average of $20.51 and a 200-day moving average of $16.52. The company has a market capitalization of $2.51 billion, a P/E ratio of -75.16 and a beta of 0.01.

Perpetua Resources (NASDAQ:PPTA) last issued its earnings results on Wednesday, August 13th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.06. Analysts predict that Perpetua Resources will post -0.21 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jonathan Cherry sold 14,911 shares of the business’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $23.72, for a total transaction of $353,688.92. Following the sale, the insider owned 36,249 shares in the company, valued at $859,826.28. The trade was a 29.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael Stephen Wright sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $18.31, for a total value of $183,100.00. Following the sale, the insider owned 14,195 shares in the company, valued at $259,910.45. This represents a 41.33% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Perpetua Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of PPTA. North Capital Inc. bought a new stake in Perpetua Resources during the 1st quarter worth $53,000. Bank of New York Mellon Corp grew its position in shares of Perpetua Resources by 12.4% in the 1st quarter. Bank of New York Mellon Corp now owns 91,435 shares of the company’s stock valued at $977,000 after buying an additional 10,078 shares during the last quarter. Wood Tarver Financial Group LLC bought a new stake in shares of Perpetua Resources in the 1st quarter valued at about $127,000. Alps Advisors Inc. bought a new stake in shares of Perpetua Resources in the 1st quarter valued at about $941,000. Finally, Arizona State Retirement System bought a new stake in shares of Perpetua Resources in the 1st quarter valued at about $140,000. Institutional investors own 70.07% of the company’s stock.

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.