Perpetua Resources (NASDAQ:PPTA) Stock Rating Reaffirmed by B. Riley

Perpetua Resources (NASDAQ:PPTAGet Rating)‘s stock had its “buy” rating restated by equities researchers at B. Riley in a report released on Tuesday, PriceTargets.com reports.

Separately, HC Wainwright reduced their price objective 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.

Perpetua Resources Price Performance

Perpetua Resources stock opened at $2.25 on Tuesday. The company has a market capitalization of $141.73 million, a PE ratio of -4.79 and a beta of 0.46. Perpetua Resources has a one year low of $2.20 and a one year high of $5.94. The business has a 50 day simple moving average of $2.66 and a 200 day simple moving average of $3.33.

Perpetua Resources (NASDAQ:PPTAGet Rating) last issued its quarterly earnings data 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 analysts anticipate that Perpetua Resources will post -0.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Perpetua Resources

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of Perpetua Resources by 5.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 74,218 shares of the company’s stock worth $305,000 after acquiring an additional 3,877 shares during the last quarter. Vanguard Group Inc. increased its holdings in Perpetua Resources by 2.9% in the first quarter. Vanguard Group Inc. now owns 164,766 shares of the company’s stock valued at $676,000 after purchasing an additional 4,593 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Perpetua Resources by 8.1% in the first quarter. Bank of New York Mellon Corp now owns 66,040 shares of the company’s stock valued at $271,000 after purchasing an additional 4,955 shares during the last quarter. Scholtz & Company LLC increased its holdings in Perpetua Resources by 71.2% in the fourth 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. Finally, Advisor Group Holdings Inc. increased its holdings in Perpetua Resources by 458.4% in the fourth 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. Institutional investors own 72.33% of the company’s stock.

About Perpetua Resources

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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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