Perpetua Resources Corp. (NASDAQ:PPTA) Shares Purchased by Sprott Inc.

Sprott Inc. increased its position in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 5.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,938,871 shares of the company’s stock after buying an additional 148,273 shares during the quarter. Perpetua Resources accounts for about 1.9% of Sprott Inc.’s holdings, making the stock its 15th biggest position. Sprott Inc.’s holdings in Perpetua Resources were worth $31,358,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in PPTA. Fourth Sail Capital LP acquired a new position in Perpetua Resources in the third quarter valued at $10,405,000. Intech Investment Management LLC purchased a new position in shares of Perpetua Resources during the third quarter worth about $98,000. Quantbot Technologies LP acquired a new position in Perpetua Resources in the 3rd quarter valued at about $123,000. PEAK6 Investments LLC acquired a new stake in Perpetua Resources during the 3rd quarter worth approximately $243,000. Finally, State Street Corp grew its stake in shares of Perpetua Resources by 8.8% in the 3rd quarter. State Street Corp now owns 593,502 shares of the company’s stock valued at $5,549,000 after purchasing an additional 48,220 shares during the last quarter. Institutional investors and hedge funds own 70.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Roth Mkm upped their price target on Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. HC Wainwright upped their price objective on shares of Perpetua Resources from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th.

Perpetua Resources Trading Up 1.6 %

Shares of PPTA opened at $8.16 on Wednesday. The stock’s 50 day moving average is $11.30 and its two-hundred day moving average is $10.13. Perpetua Resources Corp. has a twelve month low of $2.69 and a twelve month high of $13.23. The firm has a market capitalization of $573.98 million, a PE ratio of -37.09 and a beta of 0.20.

Insider Activity at Perpetua Resources

In related news, insider Alan Douglas Haslam sold 10,400 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $9.24, for a total value of $96,096.00. Following the completion of the sale, the insider now owns 65,763 shares in the company, valued at $607,650.12. This trade represents a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Alan Dean acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average cost of $8.32 per share, for a total transaction of $41,600.00. Following the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $83,200. This represents a 100.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company’s stock.

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.