Jane Street Group LLC Acquires 2,605 Shares of Perpetua Resources Corp. (NASDAQ:PPTA)

Jane Street Group LLC lifted its holdings in Perpetua Resources Corp. (NASDAQ:PPTA) by 4.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,527 shares of the company’s stock after buying an additional 2,605 shares during the period. Jane Street Group LLC’s holdings in Perpetua Resources were worth $597,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PPTA. Intech Investment Management LLC bought a new stake in shares of Perpetua Resources in the 3rd quarter worth about $98,000. Quantbot Technologies LP purchased a new position in shares of Perpetua Resources during the 3rd quarter worth about $123,000. American Century Companies Inc. purchased a new position in shares of Perpetua Resources during the 2nd quarter worth about $124,000. SG Americas Securities LLC purchased a new position in shares of Perpetua Resources during the 3rd quarter worth about $125,000. Finally, Marshall Wace LLP purchased a new position in shares of Perpetua Resources during the 2nd quarter worth about $197,000. 70.07% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Alan Douglas Haslam sold 40,000 shares of the business’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 completion of the sale, the insider now owns 65,571 shares in the company, valued at approximately $660,299.97. The trade was a 37.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.90% of the company’s stock.

Perpetua Resources Price Performance

Perpetua Resources stock opened at $11.08 on Friday. The stock has a market cap of $777.52 million, a price-to-earnings ratio of -50.36 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. The firm has a 50-day moving average of $10.57 and a two-hundred day moving average of $8.72.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PPTA shares. Roth Mkm reaffirmed a “buy” rating and set a $15.00 price target on shares of Perpetua Resources in a research note on Thursday, December 12th. HC Wainwright lifted their price target on shares of Perpetua Resources from $13.25 to $22.00 and gave the stock a “buy” rating in a research note on Friday, November 15th.

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.