Perpetua Resources Corp. $PPTA Shares Bought by Amundi

Key Points

• Amundi increased its stake in Perpetua Resources Corp. by 39.4%, acquiring a total of approximately 1,017,573 shares valued at about $11.4 million.
• Several institutional investors also raised their holdings in PPTA, with a notable 15.5% increase in shares owned by Sprott Inc.
• Analysts maintain a consensus Buy rating for Perpetua Resources, with price targets ranging from $17.00 to $30.00 reflecting positive sentiment towards the stock.

Amundi boosted its position in shares of Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) by 39.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,017,573 shares of the company's stock after acquiring an additional 287,664 shares during the period. Amundi owned about 1.43% of Perpetua Resources worth $11,397,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in Perpetua Resources by 1,658.4% during the 1st quarter. GAMMA Investing LLC now owns 4,308 shares of the company's stock worth $46,000 after acquiring an additional 4,063 shares in the last quarter. North Capital Inc. purchased a new stake in shares of Perpetua Resources during the 1st quarter worth approximately $53,000. BNP Paribas Financial Markets purchased a new stake in shares of Perpetua Resources during the 4th quarter worth approximately $55,000. Quantbot Technologies LP purchased a new stake in shares of Perpetua Resources during the 1st quarter worth approximately $76,000. Finally, Continuum Advisory LLC lifted its position in shares of Perpetua Resources by 72.9% during the 1st quarter. Continuum Advisory LLC now owns 8,300 shares of the company's stock worth $89,000 after buying an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 70.07% of the company's stock.

Perpetua Resources Trading Up 4.0%

PPTA stock traded up $0.69 on Monday, hitting $18.01. The company's stock had a trading volume of 2,151,160 shares, compared to its average volume of 1,999,845. The firm has a 50 day moving average of $16.86 and a two-hundred day moving average of $14.07. Perpetua Resources Corp. has a 1 year low of $7.81 and a 1 year high of $19.75. The stock has a market cap of $1.94 billion and a price-to-earnings ratio of -58.09.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.06. As a group, equities analysts forecast that Perpetua Resources Corp. will post -0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PPTA. B. Riley boosted their price objective on shares of Perpetua Resources from $17.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Royal Bank Of Canada began 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. National Bankshares restated an "outperform" rating on shares of Perpetua Resources in a research report on Wednesday, June 18th. Finally, HC Wainwright boosted their price objective on shares of Perpetua Resources from $27.50 to $30.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $23.75.

Insider Transactions at Perpetua Resources

In other Perpetua Resources news, insider Michael Stephen Wright sold 10,000 shares of the business's stock in a transaction 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 transaction, the insider directly owned 14,195 shares of the company's stock, valued at approximately $259,910.45. The trade was a 41.33% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.90% 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.