64,726 Shares in Perpetua Resources Corp. (NASDAQ:PPTA) Bought by Dauntless Investment Group LLC

Dauntless Investment Group LLC acquired a new position in Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 64,726 shares of the company's stock, valued at approximately $691,000. Perpetua Resources comprises approximately 0.7% of Dauntless Investment Group LLC's holdings, making the stock its 12th biggest holding. Dauntless Investment Group LLC owned about 0.09% of Perpetua Resources at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in PPTA. Bank of Montreal Can boosted its holdings in Perpetua Resources by 1.6% in the fourth quarter. Bank of Montreal Can now owns 67,594 shares of the company's stock valued at $721,000 after acquiring an additional 1,054 shares in the last quarter. Geode Capital Management LLC raised its stake in Perpetua Resources by 0.5% in the third quarter. Geode Capital Management LLC now owns 484,829 shares of the company's stock worth $4,533,000 after buying an additional 2,252 shares in the last quarter. Jane Street Group LLC boosted its position in Perpetua Resources by 4.3% during the 3rd quarter. Jane Street Group LLC now owns 63,527 shares of the company's stock valued at $597,000 after acquiring an additional 2,605 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Perpetua Resources by 24.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,722 shares of the company's stock valued at $168,000 after purchasing an additional 3,067 shares in the last quarter. Finally, Lane & Associates LLC lifted 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 valued at $189,000 after buying an additional 3,095 shares during the period. 70.07% of the stock is owned by hedge funds and other institutional investors.

Perpetua Resources Trading Down 2.7 %

PPTA stock traded down $0.39 during midday trading on Tuesday, hitting $14.03. The company's stock had a trading volume of 464,052 shares, compared to its average volume of 600,131. The firm's 50-day moving average is $10.70 and its 200-day moving average is $10.83. Perpetua Resources Corp. has a 12 month low of $4.96 and a 12 month high of $14.75. The company has a market cap of $1.00 billion, a PE ratio of -63.70 and a beta of 0.12.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last issued its earnings results on Wednesday, March 19th. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.03. Analysts expect that Perpetua Resources Corp. will post -0.21 earnings per share for the current year.

Insider Activity

In related news, Director Robert Alan Dean purchased 5,000 shares of Perpetua Resources stock in a transaction on Friday, February 21st. The stock was acquired at an average price of $8.32 per share, for a total transaction of $41,600.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $83,200. This represents a 100.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Stephen Wright sold 6,500 shares of Perpetua Resources stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $13.85, for a total value of $90,025.00. Following the transaction, the insider now directly owns 14,195 shares in the company, valued at approximately $196,600.75. The trade was a 31.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 20,230 shares of company stock valued at $166,582 and have sold 59,610 shares valued at $606,423. Insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PPTA. HC Wainwright upped their target price on shares of Perpetua Resources from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Roth Mkm raised their target price on shares of Perpetua Resources from $15.00 to $19.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. National Bankshares reissued an "outperform" rating on shares of Perpetua Resources in a research report on Wednesday, April 2nd. Finally, National Bank Financial upgraded Perpetua Resources to a "strong-buy" rating in a research note on Friday, March 21st.

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.