Perpetua Resources Corp. (NASDAQ:PPTA) Shares Purchased by Herr Investment Group LLC

Herr Investment Group LLC raised its position in Perpetua Resources Corp. (NASDAQ:PPTA) by 5.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,450,498 shares of the company’s stock after purchasing an additional 80,000 shares during the quarter. Perpetua Resources comprises 0.5% of Herr Investment Group LLC’s investment portfolio, making the stock its 20th biggest position. Herr Investment Group LLC owned 2.25% of Perpetua Resources worth $7,543,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in PPTA. M&G Plc acquired a new position in Perpetua Resources in the first quarter valued at approximately $805,000. Price T Rowe Associates Inc. MD purchased a new stake in Perpetua Resources in the first quarter valued at $51,000. Russell Investments Group Ltd. lifted its stake in shares of Perpetua Resources by 1.6% in the 1st quarter. Russell Investments Group Ltd. now owns 581,600 shares of the company’s stock valued at $2,419,000 after purchasing an additional 8,985 shares during the last quarter. B. Riley Financial Inc. grew its holdings in shares of Perpetua Resources by 1.6% during the 4th quarter. B. Riley Financial Inc. now owns 1,489,903 shares of the company’s stock worth $4,723,000 after purchasing an additional 24,152 shares during the period. Finally, National Bank of Canada FI increased its position in shares of Perpetua Resources by 37.5% during the 2nd quarter. National Bank of Canada FI now owns 55,000 shares of the company’s stock worth $281,000 after purchasing an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on PPTA. National Bank Financial began coverage on shares of Perpetua Resources in a research report on Friday, September 6th. They issued an “outperform” rating on the stock. HC Wainwright restated a “buy” rating and issued a $13.25 price objective on shares of Perpetua Resources in a report on Thursday, August 22nd.

Perpetua Resources Trading Up 0.4 %

Shares of NASDAQ PPTA opened at $8.60 on Friday. The stock has a market capitalization of $555.56 million, a PE ratio of -31.85 and a beta of 0.29. Perpetua Resources Corp. has a twelve month low of $2.69 and a twelve month high of $9.70. The stock has a fifty day simple moving average of $7.48 and a 200-day simple moving average of $6.17.

Perpetua Resources (NASDAQ:PPTA) last released its earnings results on Friday, August 9th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. On average, equities analysts predict that Perpetua Resources Corp. will post -0.21 earnings per share for the current year.

Perpetua Resources 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.