American Century Companies Inc. Acquires Shares of 23,919 Perpetua Resources Corp. (NASDAQ:PPTA)

American Century Companies Inc. bought a new position in Perpetua Resources Corp. (NASDAQ:PPTA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,919 shares of the company’s stock, valued at approximately $124,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PPTA. Russell Investments Group Ltd. raised its stake in shares of Perpetua Resources by 1.6% in the first quarter. Russell Investments Group Ltd. now owns 581,600 shares of the company’s stock worth $2,419,000 after purchasing an additional 8,985 shares during the last quarter. M&G Plc purchased a new position in Perpetua Resources in the 1st quarter worth about $805,000. Herr Investment Group LLC bought a new position in Perpetua Resources during the 1st quarter valued at about $5,701,000. Nokomis Capital L.L.C. purchased a new stake in shares of Perpetua Resources during the 1st quarter valued at about $406,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of Perpetua Resources in the first quarter worth approximately $51,000. Institutional investors own 70.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. National Bank Financial assumed coverage on shares of Perpetua Resources in a research report on Friday, September 6th. They set an “outperform” rating on the stock. HC Wainwright reissued a “buy” rating and set a $13.25 price target on shares of Perpetua Resources in a report on Thursday, August 22nd.

Perpetua Resources Stock Down 0.3 %

NASDAQ PPTA opened at $9.12 on Friday. Perpetua Resources Corp. has a 52 week low of $2.69 and a 52 week high of $10.19. The firm has a market capitalization of $588.32 million, a P/E ratio of -33.76 and a beta of 0.29. The company has a 50-day moving average price of $8.12 and a 200-day moving average price of $6.60.

Perpetua Resources (NASDAQ:PPTA) last announced its earnings results on Friday, August 9th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. As a group, equities research analysts anticipate that Perpetua Resources Corp. will post -0.21 EPS 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.