Perpetua Resources (NASDAQ:PPTA) hits new one-year high at $9.74

The stock price of Perpetua Resources Corp. (NASDAQ:PPTA – Get Free Report) hit a new 52-week high on Thursday. The company traded as high as $9.74 and last traded at $9.72, on volume of 377254 shares. The stock previously closed at $9.06.

Analyst upgrades and downgrades

Several analysts have commented on the company. National Bank Financial initiated coverage on shares of Perpetua Resources in a research note on Friday, September 6th. They gave the company an ‘outperform’ rating. HC Wainwright reiterated a “buy” rating and set a $13.25 price target on shares of Perpetua Resources in a research note on Thursday, August 22.

Get our latest stock report on PPTA

Perpetua Resources Price Performance

The company has a market cap of $646.09 million, a price-to-earnings ratio of -36.19, and a beta of 0.29. The company has a fifty-day simple moving average of $7.73 and a 200-day simple moving average of $6.35.

Perpetua Resources (NASDAQ:PPTA – Get Free Report) posted its latest quarterly results on Friday, August 9. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. On average, analysts expect Perpetua Resources Corp. will post an earnings per share of -0.21 for the current year.

Institutional investors are weighing in on Perpetua Resources

Several institutional investors have recently changed their holdings of PPTA. Herr Investment Group LLC acquired a new stake in Perpetua Resources during the first quarter valued at $5,701,000. M&G Plc acquired a new stake in shares of Perpetua Resources in the first quarter worth approximately $805,000. Nokomis Capital LLC bought a new stake in shares of Perpetua Resources in the first quarter worth approximately $406,000. Marshall Wace LLP acquired a new position in Perpetua Resources in the second quarter valued at $197,000. Finally, B. Riley Financial Inc. increased its stake in Perpetua Resources by 1.6% in the fourth quarter. B.Riley Financial Inc. now owns 1,489,903 shares of the company’s stock valued at $4,723,000 after purchasing an additional 24,152 shares during the period. Institutional investors and hedge funds own 70.07% of the company’s shares.

About Perpetua Resources

(Get a free report)

Perpetua Resources Corp. is engaged in the exploration and development of mineral properties in the United States. The company primarily explores 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 properties covering approximately 11,548 acres in Valley County, Idaho.

See also

Receive daily news and reviews for Perpetua Resources – Enter your email address below to receive a daily digest of the latest news and analyst ratings for Perpetua Resources and related companies with MarketBeat.com’s FREE daily email newsletter.