State Street Corp Increases Stock Position in Perpetua Resources Corp. (NASDAQ:PPTA)

State Street Corp boosted its holdings in Perpetua Resources Corp. (NASDAQ:PPTA) by 8.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 593,502 shares of the company’s stock after purchasing an additional 48,220 shares during the quarter. State Street Corp’s holdings in Perpetua Resources were worth $5,549,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Intech Investment Management LLC purchased a new position in shares of Perpetua Resources in the 3rd quarter valued at approximately $98,000. Quantbot Technologies LP acquired a new stake in shares of Perpetua Resources during the third quarter worth $123,000. Flaharty Asset Management LLC purchased a new position in Perpetua Resources in the 2nd quarter valued at $70,000. SG Americas Securities LLC acquired a new position in Perpetua Resources in the 3rd quarter valued at $125,000. Finally, National Bank of Canada FI raised its position in 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 buying an additional 15,000 shares during the last quarter. 70.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Perpetua Resources news, insider Alan Douglas Haslam sold 40,000 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $10.07, for a total transaction 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PPTA shares. National Bank Financial assumed coverage on shares of Perpetua Resources in a research report on Friday, September 6th. They issued an “outperform” rating for the company. Roth Mkm reaffirmed a “buy” rating and set a $15.00 price objective on shares of Perpetua Resources in a report on Thursday, December 12th. Finally, HC Wainwright increased 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.

Perpetua Resources Trading Down 0.1 %

Shares of PPTA opened at $11.20 on Friday. The firm’s 50-day moving average is $10.51 and its two-hundred day moving average is $8.58. Perpetua Resources Corp. has a twelve month low of $2.69 and a twelve month high of $13.18. The firm has a market capitalization of $785.86 million, a P/E ratio of -50.91 and a beta of 0.22.

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.