Perpetua Resources Corp. (NASDAQ:PPTA) Shares Bought by State Street Corp

State Street Corp grew its holdings in Perpetua Resources Corp. (NASDAQ:PPTA) by 8.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 593,502 shares of the company’s stock after acquiring an additional 48,220 shares during the period. State Street Corp owned about 0.89% of Perpetua Resources worth $5,549,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PPTA. Intech Investment Management LLC purchased a new position in Perpetua Resources during the third quarter valued at approximately $98,000. Quantbot Technologies LP purchased a new position in shares of Perpetua Resources during the 3rd quarter valued at approximately $123,000. Flaharty Asset Management LLC acquired a new stake in Perpetua Resources in the 2nd quarter valued at $70,000. SG Americas Securities LLC purchased a new stake in Perpetua Resources in the 3rd quarter worth $125,000. Finally, American Century Companies Inc. purchased a new stake in Perpetua Resources in the 2nd quarter worth $124,000. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently 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 for the company. HC Wainwright raised their price objective on Perpetua Resources from $13.25 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $15.00 target price on shares of Perpetua Resources in a research report on Thursday, December 12th.

Insider Activity

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 transaction, the insider now owns 65,571 shares in the company, valued at approximately $660,299.97. This represents a 37.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Perpetua Resources Stock Performance

Shares of PPTA opened at $11.20 on Friday. The stock has a 50-day simple moving average of $10.51 and a 200-day simple moving average of $8.58. The stock has a market capitalization of $785.86 million, a PE ratio of -50.91 and a beta of 0.22. Perpetua Resources Corp. has a 1 year low of $2.69 and a 1 year high of $13.18.

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.