Geode Capital Management LLC Increases Holdings in Perpetua Resources Corp. (NASDAQ:PPTA)

Geode Capital Management LLC increased its stake in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 0.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 484,829 shares of the company’s stock after purchasing an additional 2,252 shares during the period. Geode Capital Management LLC owned 0.73% of Perpetua Resources worth $4,533,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Continuum Advisory LLC boosted its position in shares of Perpetua Resources by 500.0% in the third quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock valued at $44,000 after acquiring an additional 4,000 shares during the period. Intech Investment Management LLC purchased a new position in shares of Perpetua Resources during the 3rd quarter valued at $98,000. Quantbot Technologies LP purchased a new position in shares of Perpetua Resources during the 3rd quarter valued at $123,000. SG Americas Securities LLC purchased a new stake in shares of Perpetua Resources in the third quarter worth $125,000. Finally, American Century Companies Inc. bought a new stake in Perpetua Resources during the second quarter valued at $124,000. Institutional investors own 70.07% of the company’s stock.

Perpetua Resources Stock Up 0.3 %

Shares of PPTA stock opened at $11.08 on Monday. The business has a 50-day moving average price of $10.57 and a two-hundred day moving average price of $8.74. The firm has a market cap of $777.52 million, a P/E ratio of -50.36 and a beta of 0.22. Perpetua Resources Corp. has a 12-month low of $2.69 and a 12-month high of $13.18.

Insiders Place Their Bets

In other news, insider Alan Douglas Haslam sold 40,000 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $10.07, for a total value of $402,800.00. Following the completion of the sale, the insider now owns 65,571 shares of the company’s stock, valued at approximately $660,299.97. This represents a 37.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PPTA. HC Wainwright raised their price target on Perpetua Resources from $13.25 to $22.00 and gave the company a “buy” rating in a report on Friday, November 15th. Roth Mkm reissued a “buy” rating and issued a $15.00 price target on shares of Perpetua Resources in a research note on Thursday, December 12th.

About Perpetua Resources

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.