Perpetua Resources Corp. $PPTA Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in Perpetua Resources Corp. (NASDAQ:PPTA) by 9.0% during the second quarter, HoldingsChannel.com reports. The firm owned 617,032 shares of the company’s stock after purchasing an additional 50,778 shares during the period. Geode Capital Management LLC’s holdings in Perpetua Resources were worth $7,489,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. U S Global Investors Inc. raised its stake in Perpetua Resources by 66.7% during the second quarter. U S Global Investors Inc. now owns 50,000 shares of the company’s stock valued at $607,000 after buying an additional 20,000 shares in the last quarter. Monaco Asset Management SAM bought a new stake in shares of Perpetua Resources in the 2nd quarter valued at approximately $12,662,000. Medici Capital LLC bought a new stake in shares of Perpetua Resources in the 2nd quarter valued at approximately $607,000. Amundi raised its position in shares of Perpetua Resources by 39.4% during the 1st quarter. Amundi now owns 1,017,573 shares of the company’s stock valued at $11,397,000 after acquiring an additional 287,664 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Perpetua Resources by 409.2% during the first quarter. Deutsche Bank AG now owns 157,285 shares of the company’s stock worth $1,681,000 after purchasing an additional 126,394 shares during the last quarter. 70.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on PPTA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perpetua Resources in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Perpetua Resources from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. B. Riley reiterated a “buy” rating on shares of Perpetua Resources in a research note on Thursday, October 30th. HC Wainwright reissued a “buy” rating and issued a $30.00 target price on shares of Perpetua Resources in a report on Tuesday, September 23rd. Finally, Roth Capital set a $32.00 target price on Perpetua Resources and gave the company a “buy” rating in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $29.00.

Perpetua Resources Stock Up 0.7%

Shares of NASDAQ:PPTA opened at $25.92 on Friday. The company’s 50-day moving average price is $23.81 and its 200 day moving average price is $18.67. The company has a market cap of $3.18 billion, a PE ratio of -51.84 and a beta of 0.02. Perpetua Resources Corp. has a fifty-two week low of $7.81 and a fifty-two week high of $31.65.

Perpetua Resources (NASDAQ:PPTA) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.23). As a group, equities analysts anticipate that Perpetua Resources Corp. will post -0.21 EPS for the current year.

Insider Buying and Selling

In other Perpetua Resources news, insider Jonathan Cherry sold 14,911 shares of Perpetua Resources 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 of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently 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.