Perpetua Resources Corp. (NASDAQ:PPTA) Shares Bought by Condire Management LP

Condire Management LP lifted its holdings in Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) by 6.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 890,459 shares of the company's stock after purchasing an additional 57,399 shares during the period. Perpetua Resources makes up 1.4% of Condire Management LP's holdings, making the stock its 18th biggest holding. Condire Management LP owned approximately 1.27% of Perpetua Resources worth $9,501,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Barclays PLC boosted its stake in shares of Perpetua Resources by 63.4% during the third quarter. Barclays PLC now owns 74,119 shares of the company's stock valued at $694,000 after acquiring an additional 28,746 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Perpetua Resources by 232.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 57,158 shares of the company's stock worth $534,000 after purchasing an additional 39,954 shares during the last quarter. Ninety One UK Ltd acquired a new position in shares of Perpetua Resources in the 4th quarter worth approximately $1,693,000. Raymond James Financial Inc. bought a new stake in shares of Perpetua Resources during the 4th quarter valued at about $280,000. Finally, Amundi acquired a new position in shares of Perpetua Resources during the fourth quarter valued at $7,788,000. Hedge funds and other institutional investors own 70.07% of the company's stock.

Perpetua Resources Price Performance

Perpetua Resources stock traded down $2.97 during mid-day trading on Monday, reaching $12.22. 1,644,210 shares of the company were exchanged, compared to its average volume of 633,756. The company has a fifty day simple moving average of $11.83 and a 200-day simple moving average of $11.13. Perpetua Resources Corp. has a 12 month low of $5.01 and a 12 month high of $15.44. The firm has a market cap of $870.76 million, a PE ratio of -55.78 and a beta of 0.06.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.10). Sell-side analysts anticipate that Perpetua Resources Corp. will post -0.21 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. National Bankshares reiterated an "outperform" rating on shares of Perpetua Resources in a report on Wednesday, April 2nd. National Bank Financial upgraded Perpetua Resources to a "strong-buy" rating in a research note on Friday, March 21st. Finally, HC Wainwright upped their price target on Perpetua Resources from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, March 21st.

Insider Activity

In related news, insider Michael Stephen Wright sold 6,500 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $13.85, for a total transaction of $90,025.00. Following the transaction, the insider now owns 14,195 shares in the company, valued at $196,600.75. This represents a 31.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mckinsey Margaret Lyon sold 20,000 shares of Perpetua Resources stock in a transaction on Friday, March 28th. The shares were sold at an average price of $11.00, for a total transaction of $220,000.00. Following the transaction, the insider now owns 89,154 shares in the company, valued at approximately $980,694. This trade represents a 18.32% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders bought 20,230 shares of company stock worth $166,582 and sold 59,610 shares worth $606,423. Company insiders own 1.50% of the company's stock.

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.