Perpetua Resources Corp. (NASDAQ:PPTA) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its holdings in Perpetua Resources Corp. (NASDAQ:PPTA) by 11.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 13,849 shares of the company’s stock after selling 1,816 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Perpetua Resources were worth $129,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PPTA. Intech Investment Management LLC purchased a new stake in Perpetua Resources during the 3rd quarter worth $98,000. Price T Rowe Associates Inc. MD acquired a new position in Perpetua Resources during the 1st quarter worth approximately $51,000. Flaharty Asset Management LLC purchased a new position in Perpetua Resources in the 2nd quarter worth approximately $70,000. SG Americas Securities LLC acquired a new stake in Perpetua Resources in the third quarter valued at approximately $125,000. Finally, National Bank of Canada FI grew its position in Perpetua Resources by 37.5% in the second quarter. National Bank of Canada FI now owns 55,000 shares of the company’s stock valued at $281,000 after acquiring an additional 15,000 shares in the last quarter. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Perpetua Resources Stock Up 4.0 %

PPTA stock opened at $12.39 on Tuesday. The stock’s 50 day moving average is $10.13 and its two-hundred day moving average is $8.29. Perpetua Resources Corp. has a 52-week low of $2.69 and a 52-week high of $13.18. The company has a market capitalization of $869.41 million, a PE ratio of -56.32 and a beta of 0.22.

Wall Street Analyst Weigh In

PPTA has been the subject of several analyst reports. Roth Mkm restated a “buy” rating and issued a $15.00 target price on shares of Perpetua Resources in a research note on Thursday, December 12th. National Bank Financial began coverage on shares of Perpetua Resources in a report on Friday, September 6th. They issued an “outperform” rating on the stock. Finally, HC Wainwright raised their target price on Perpetua Resources from $13.25 to $22.00 and gave the company a “buy” rating in a research note on Friday, November 15th.

Insider Transactions at Perpetua Resources

In other news, insider Alan Douglas Haslam sold 40,000 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $10.07, for a total value of $402,800.00. Following the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

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.