B. Riley Financial Issues Positive Forecast for Perpetua Resources (NASDAQ:PPTA) Stock Price

Perpetua Resources (NASDAQ:PPTA) had its price target hoisted by B. Riley Financial from $30.00 to $40.00 in a report released on Wednesday morning,Benzinga reports. B. Riley Financial currently has a buy rating on the stock.

PPTA has been the topic of a number of other research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a research note on Thursday, January 22nd. HC Wainwright raised their target price on Perpetua Resources from $30.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.00.

Perpetua Resources Price Performance

Shares of PPTA opened at $28.56 on Wednesday. The company has a market capitalization of $3.57 billion, a P/E ratio of -57.12 and a beta of -0.03. Perpetua Resources has a one year low of $8.84 and a one year high of $37.37. The business’s 50 day simple moving average is $31.27 and its 200-day simple moving average is $26.07.

Insider Transactions at Perpetua Resources

In other news, insider Mckinsey Margaret Lyon sold 43,722 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $27.57, for a total transaction of $1,205,415.54. Following the transaction, the insider owned 132,110 shares of the company’s stock, valued at $3,642,272.70. This represents a 24.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alexander Mcleod Sternhell sold 3,000 shares of Perpetua Resources stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $29.09, for a total value of $87,270.00. Following the completion of the sale, the director owned 16,352 shares of the company’s stock, valued at approximately $475,679.68. The trade was a 15.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 121,739 shares of company stock worth $3,289,604. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Perpetua Resources

Institutional investors have recently modified their holdings of the business. AQR Capital Management LLC raised its stake in shares of Perpetua Resources by 12.6% during the first quarter. AQR Capital Management LLC now owns 15,909 shares of the company’s stock worth $170,000 after buying an additional 1,780 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Perpetua Resources by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,958 shares of the company’s stock valued at $672,000 after acquiring an additional 2,680 shares during the last quarter. Millennium Management LLC boosted its stake in Perpetua Resources by 219.0% in the first quarter. Millennium Management LLC now owns 1,181,899 shares of the company’s stock valued at $12,634,000 after acquiring an additional 811,363 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Perpetua Resources by 1.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 108,921 shares of the company’s stock worth $1,164,000 after acquiring an additional 1,835 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Perpetua Resources by 9.0% during the 2nd quarter. Geode Capital Management LLC now owns 617,032 shares of the company’s stock valued at $7,489,000 after acquiring an additional 50,778 shares during the last quarter. Institutional investors and hedge funds own 70.07% of the company’s stock.

Perpetua Resources Company Profile

Perpetua Resources Inc (NASDAQ: PPTA), formerly known as eCobalt Solutions Inc, is a mineral exploration and development company focused on critical metals that support the global clean-energy transition. The company’s primary objective is to advance its flagship Idaho Cobalt Project, a permitted underground mine located near Stibnite, Idaho. This project is designed to produce cobalt, copper, gold and silver, with an emphasis on providing responsibly sourced materials to North American battery and technology markets.

In addition to its Idaho Cobalt Project, Perpetua Resources holds exploration licenses and mineral tenures across the United States and Canada.