69,833 Shares in Perpetua Resources Corp. $PPTA Acquired by Nuveen LLC

Nuveen LLC acquired a new position in shares of Perpetua Resources Corp. (NASDAQ:PPTA) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 69,833 shares of the company’s stock, valued at approximately $747,000. Nuveen LLC owned about 0.10% of Perpetua Resources at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. ProShare Advisors LLC acquired a new stake in Perpetua Resources during the 4th quarter worth approximately $116,000. Deutsche Bank AG raised its holdings in Perpetua Resources by 409.2% during the 1st quarter. Deutsche Bank AG now owns 157,285 shares of the company’s stock worth $1,681,000 after buying an additional 126,394 shares during the period. Rhumbline Advisers raised its holdings in shares of Perpetua Resources by 6.0% in the first quarter. Rhumbline Advisers now owns 64,688 shares of the company’s stock valued at $692,000 after purchasing an additional 3,672 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Perpetua Resources in the fourth quarter valued at approximately $55,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Perpetua Resources in the fourth quarter valued at approximately $280,000. Institutional investors own 70.07% of the company’s stock.

Insider Activity

In other Perpetua Resources news, major shareholder Paulson & Co. Inc. bought 7,575,757 shares of the firm’s stock in a transaction dated Monday, June 16th. The stock was purchased at an average cost of $13.20 per share, with a total value of $99,999,992.40. Following the transaction, the insider directly owned 32,347,299 shares in the company, valued at $426,984,346.80. This trade represents a 30.58% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PPTA shares. HC Wainwright boosted their target price on shares of Perpetua Resources from $27.50 to $30.00 and gave the stock a “buy” rating in a report on Friday, August 15th. B. Riley reiterated a “buy” rating and issued a $17.00 price target (up from $16.00) on shares of Perpetua Resources in a research note on Wednesday, June 18th. National Bankshares reissued an “outperform” rating on shares of Perpetua Resources in a research report on Wednesday, June 18th. Finally, Royal Bank Of Canada started coverage on shares of Perpetua Resources in a research report on Friday, July 18th. They set an “outperform” rating and a $23.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $22.25.

Perpetua Resources Stock Performance

Perpetua Resources stock opened at $18.69 on Wednesday. Perpetua Resources Corp. has a 52-week low of $7.61 and a 52-week high of $19.13. The stock’s 50 day moving average price is $15.89 and its two-hundred day moving average price is $13.47. The stock has a market capitalization of $2.01 billion and a price-to-earnings ratio of -60.29.

Perpetua Resources (NASDAQ:PPTA) last released its quarterly earnings results on Wednesday, August 13th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. On average, equities research analysts forecast that Perpetua Resources Corp. will post -0.21 EPS for the current year.

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.