Price T Rowe Associates Inc. MD Has $168,000 Stock Holdings in Perpetua Resources Corp. (NASDAQ:PPTA)

Price T Rowe Associates Inc. MD lifted its stake in Perpetua Resources Corp. (NASDAQ:PPTA) by 24.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,722 shares of the company’s stock after acquiring an additional 3,067 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Perpetua Resources were worth $168,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. ExodusPoint Capital Management LP acquired a new position in shares of Perpetua Resources in the fourth quarter worth $140,000. Lane & Associates LLC increased its position in Perpetua Resources by 24.0% during the fourth quarter. Lane & Associates LLC now owns 15,987 shares of the company’s stock worth $189,000 after buying an additional 3,095 shares during the last quarter. Wells Fargo & Company MN increased its position in Perpetua Resources by 57.2% during the fourth quarter. Wells Fargo & Company MN now owns 18,644 shares of the company’s stock worth $199,000 after buying an additional 6,783 shares during the last quarter. SG Americas Securities LLC increased its position in Perpetua Resources by 48.1% during the fourth quarter. SG Americas Securities LLC now owns 19,870 shares of the company’s stock worth $212,000 after buying an additional 6,454 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new position in Perpetua Resources during the fourth quarter worth $214,000. 70.07% of the stock is owned by institutional investors and hedge funds.

Perpetua Resources Stock Down 1.9%

PPTA opened at $11.94 on Friday. The firm has a market capitalization of $851.15 million, a P/E ratio of -54.27 and a beta of 0.06. The stock’s 50 day moving average price is $12.14 and its two-hundred day moving average price is $11.19. Perpetua Resources Corp. has a 12-month low of $5.01 and a 12-month high of $15.44.

Perpetua Resources (NASDAQ:PPTA) last released its earnings results on Friday, May 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). As a group, analysts anticipate that Perpetua Resources Corp. will post -0.21 earnings per share for the current year.

Insider Buying and Selling at Perpetua Resources

In related news, insider Mckinsey Margaret Lyon sold 20,000 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $11.00, for a total value of $220,000.00. Following the completion of the sale, the insider now owns 89,154 shares in the company, valued at approximately $980,694. This trade represents a 18.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Stephen Wright sold 6,500 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $13.85, for a total transaction of $90,025.00. Following the completion of the sale, the insider now owns 14,195 shares of the company’s stock, valued at approximately $196,600.75. The trade was a 31.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 20,230 shares of company stock valued at $166,582 and have sold 59,610 shares valued at $606,423. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PPTA has been the topic of several analyst reports. National Bankshares reissued an “outperform” rating on shares of Perpetua Resources in a research report on Wednesday, April 2nd. National Bank Financial raised shares of Perpetua Resources to a “strong-buy” rating in a research report on Friday, March 21st. Finally, HC Wainwright lowered their target price on shares of Perpetua Resources from $28.00 to $27.50 and set a “buy” rating on the stock in a research report on Tuesday, May 13th.

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.