Rhumbline Advisers Has $257,000 Stake in Perpetua Resources Corp. (NASDAQ:PPTA)

Rhumbline Advisers boosted its position in Perpetua Resources Corp. (NASDAQ:PPTA) by 51.0% during the 2nd quarter, Holdings Channel reports. The fund owned 49,450 shares of the company’s stock after buying an additional 16,698 shares during the period. Rhumbline Advisers’ holdings in Perpetua Resources were worth $257,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PPTA. Herr Investment Group LLC bought a new stake in shares of Perpetua Resources in the 1st quarter worth approximately $5,701,000. M&G Plc bought a new position in Perpetua Resources in the first quarter valued at $805,000. Nokomis Capital L.L.C. purchased a new stake in shares of Perpetua Resources in the 1st quarter valued at $406,000. Bank of New York Mellon Corp grew its holdings in shares of Perpetua Resources by 20.0% in the second quarter. Bank of New York Mellon Corp now owns 107,551 shares of the company’s stock worth $559,000 after purchasing an additional 17,954 shares during the last quarter. Finally, Flaharty Asset Management LLC purchased a new stake in Perpetua Resources in the 2nd quarter worth approximately $70,000. Institutional investors and hedge funds own 70.07% of the company’s stock.

Perpetua Resources Price Performance

Shares of NASDAQ PPTA opened at $9.53 on Friday. The firm has a fifty day moving average price of $7.86 and a 200-day moving average price of $6.43. The stock has a market cap of $615.92 million, a PE ratio of -35.29 and a beta of 0.29. Perpetua Resources Corp. has a 1 year low of $2.69 and a 1 year high of $10.19.

Perpetua Resources (NASDAQ:PPTA) last issued its quarterly earnings data on Friday, August 9th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. On average, research analysts expect that Perpetua Resources Corp. will post -0.21 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on PPTA. 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. National Bank Financial assumed coverage on shares of Perpetua Resources in a report on Friday, September 6th. They issued an “outperform” rating on the stock.

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.