Squarepoint Ops LLC Raises Stake in Perpetua Resources Corp. (NASDAQ:PPTA)

Squarepoint Ops LLC boosted its stake in shares of Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) by 222.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 246,029 shares of the company's stock after buying an additional 169,713 shares during the period. Squarepoint Ops LLC owned 0.35% of Perpetua Resources worth $2,625,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in Perpetua Resources by 232.2% during the third quarter. JPMorgan Chase & Co. now owns 57,158 shares of the company's stock worth $534,000 after acquiring an additional 39,954 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Perpetua Resources by 48.1% during the 4th quarter. SG Americas Securities LLC now owns 19,870 shares of the company's stock worth $212,000 after purchasing an additional 6,454 shares during the last quarter. Ninety One UK Ltd acquired a new stake in shares of Perpetua Resources during the 4th quarter worth about $1,693,000. Lane & Associates LLC raised its holdings in Perpetua Resources by 24.0% in the 4th 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. Finally, Rothschild Investment LLC acquired a new position in Perpetua Resources in the fourth quarter valued at about $214,000. 70.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. National Bank Financial upgraded shares of Perpetua Resources to a "strong-buy" rating in a research report on Friday, March 21st. National Bankshares reissued an "outperform" rating on shares of Perpetua Resources in a research report on Wednesday, April 2nd. Finally, HC Wainwright decreased their price target on Perpetua Resources from $28.00 to $27.50 and set a "buy" rating on the stock in a research note on Tuesday, May 13th.

Insider Activity

In related news, insider Michael Stephen Wright sold 6,500 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was 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 trade represents a 31.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mckinsey Margaret Lyon sold 20,000 shares of Perpetua Resources stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $11.00, for a total value of $220,000.00. Following the transaction, the insider now directly 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 90 days, insiders have sold 49,210 shares of company stock worth $510,327. 1.50% of the stock is currently owned by insiders.

Perpetua Resources Trading Up 1.0%

PPTA traded up $0.13 during trading hours on Friday, hitting $13.81. 777,815 shares of the company's stock were exchanged, compared to its average volume of 686,155. 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 $984.46 million, a P/E ratio of -62.77 and a beta of 0.06. The firm has a 50 day moving average of $12.70 and a 200 day moving average of $11.42.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last released its earnings results on Friday, May 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.07). As a group, research analysts expect that Perpetua Resources Corp. will post -0.21 EPS for the current fiscal 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.