Barclays PLC Has $2.12 Million Position in Perpetua Resources Corp. (NASDAQ:PPTA)

Barclays PLC grew its stake in Perpetua Resources Corp. (NASDAQ:PPTA) by 167.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,340 shares of the company’s stock after acquiring an additional 124,221 shares during the quarter. Barclays PLC’s holdings in Perpetua Resources were worth $2,115,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PPTA. Amundi bought a new stake in Perpetua Resources in the fourth quarter valued at approximately $7,788,000. Ninety One UK Ltd bought a new stake in shares of Perpetua Resources in the 4th quarter valued at $1,693,000. Silphium Asset Management Ltd acquired a new stake in Perpetua Resources during the 4th quarter worth $1,600,000. Sprott Inc. lifted its holdings in Perpetua Resources by 5.3% during the fourth quarter. Sprott Inc. now owns 2,938,871 shares of the company’s stock worth $31,358,000 after acquiring an additional 148,273 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Perpetua Resources in the fourth quarter valued at about $1,307,000. 70.07% of the stock is currently owned by institutional investors and hedge funds.

Perpetua Resources Price Performance

Shares of NASDAQ PPTA opened at $14.97 on Friday. Perpetua Resources Corp. has a fifty-two week low of $4.96 and a fifty-two week high of $15.09. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -68.05 and a beta of 0.12. The business has a 50-day moving average of $11.06 and a 200-day moving average of $10.92.

Perpetua Resources (NASDAQ:PPTA) last posted its quarterly earnings results on Wednesday, March 19th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. On average, sell-side analysts expect that Perpetua Resources Corp. will post -0.21 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PPTA shares. Roth Mkm raised their price target on Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. National Bankshares reiterated an “outperform” rating on shares of Perpetua Resources in a report on Wednesday, April 2nd. National Bank Financial upgraded shares of Perpetua Resources to a “strong-buy” rating in a report on Friday, March 21st. Finally, HC Wainwright boosted their price objective on shares of Perpetua Resources from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, March 21st.

Insider Buying and Selling

In related news, insider Alan Douglas Haslam sold 10,400 shares of Perpetua Resources stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $9.24, for a total transaction of $96,096.00. Following the completion of the transaction, the insider now owns 65,763 shares in the company, valued at approximately $607,650.12. This trade represents a 13.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andrew Phillip Cole acquired 9,450 shares of the company’s stock in a transaction on Monday, February 24th. The stock was acquired at an average price of $7.99 per share, for a total transaction of $75,505.50. Following the purchase, the director now directly owns 9,450 shares of the company’s stock, valued at approximately $75,505.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 20,230 shares of company stock worth $166,582 and have sold 59,610 shares worth $606,423. 1.50% of the stock is owned by corporate insiders.

Perpetua Resources Company Profile

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.