Perpetua Resources Corp. $PPTA Shares Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its position in Perpetua Resources Corp. (NASDAQ:PPTA) by 70.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the company’s stock after purchasing an additional 6,200 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Perpetua Resources were worth $182,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of PPTA. Encompass Capital Advisors LLC acquired a new position in Perpetua Resources in the 1st quarter valued at about $15,745,000. Millennium Management LLC boosted its holdings in Perpetua Resources by 219.0% in the 1st quarter. Millennium Management LLC now owns 1,181,899 shares of the company’s stock valued at $12,634,000 after purchasing an additional 811,363 shares during the last quarter. Sprott Inc. boosted its holdings in Perpetua Resources by 15.5% in the 1st quarter. Sprott Inc. now owns 3,395,395 shares of the company’s stock valued at $36,297,000 after purchasing an additional 456,524 shares during the last quarter. Amundi boosted its holdings in Perpetua Resources by 39.4% in the 1st quarter. Amundi now owns 1,017,573 shares of the company’s stock valued at $11,397,000 after purchasing an additional 287,664 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new position in Perpetua Resources in the 1st quarter valued at about $2,734,000. 70.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Perpetua Resources news, insider Michael Stephen Wright sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $18.31, for a total value of $183,100.00. Following the sale, the insider directly owned 14,195 shares of the company’s stock, valued at approximately $259,910.45. This represents a 41.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jonathan Cherry sold 14,911 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $23.72, for a total transaction of $353,688.92. Following the completion of the sale, the insider directly owned 36,249 shares in the company, valued at approximately $859,826.28. This represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Perpetua Resources Stock Up 7.7%

Shares of PPTA opened at $27.27 on Tuesday. Perpetua Resources Corp. has a fifty-two week low of $7.81 and a fifty-two week high of $31.65. The firm’s 50 day moving average price is $20.02 and its 200 day moving average price is $16.18. The company has a market cap of $2.93 billion, a P/E ratio of -87.96 and a beta of 0.01.

Perpetua Resources (NASDAQ:PPTA) last announced its earnings results on Wednesday, August 13th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.06. Research analysts forecast that Perpetua Resources Corp. will post -0.21 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PPTA. Roth Capital reissued a “buy” rating on shares of Perpetua Resources in a research note on Monday, September 22nd. HC Wainwright reissued a “buy” rating and issued a $30.00 price target on shares of Perpetua Resources in a research note on Tuesday, September 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a research note on Wednesday, October 8th. B. Riley boosted their price target on shares of Perpetua Resources from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Finally, BMO Capital Markets assumed coverage on shares of Perpetua Resources in a research note on Tuesday, October 14th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Perpetua Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.40.

About Perpetua Resources

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.