Swiss National Bank Takes $945,000 Position in Perpetua Resources Corp. $PPTA

Key Points

• Swiss National Bank acquired a new stake in Perpetua Resources Corp. worth approximately $945,000 by purchasing 88,400 shares.
• Several institutional investors significantly increased their holdings in Perpetua Resources, with Condire Management LP raising its stake by 6.9% and Millennium Management LLC increasing its position by 226.7%.
• Wall Street analysts generally maintain a positive outlook on Perpetua Resources, with a consensus rating of "Buy" and an average price target of $22.25.

Swiss National Bank purchased a new stake in Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 88,400 shares of the company's stock, valued at approximately $945,000. Swiss National Bank owned approximately 0.12% of Perpetua Resources as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the business. Condire Management LP raised its holdings in shares of Perpetua Resources by 6.9% in the 4th quarter. Condire Management LP now owns 890,459 shares of the company's stock valued at $9,501,000 after purchasing an additional 57,399 shares in the last quarter. Millennium Management LLC grew its position in shares of Perpetua Resources by 226.7% in the 4th quarter. Millennium Management LLC now owns 370,536 shares of the company's stock worth $3,954,000 after buying an additional 257,130 shares during the last quarter. Mackenzie Financial Corp purchased a new position in shares of Perpetua Resources in the 1st quarter worth approximately $2,734,000. Squarepoint Ops LLC grew its position in shares of Perpetua Resources by 222.4% in the 4th quarter. Squarepoint Ops LLC now owns 246,029 shares of the company's stock worth $2,625,000 after buying an additional 169,713 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Perpetua Resources by 2.1% in the 4th quarter. Northern Trust Corp now owns 238,779 shares of the company's stock worth $2,548,000 after buying an additional 4,816 shares during the last quarter. Institutional investors own 70.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PPTA shares. HC Wainwright lifted 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. National Bankshares reaffirmed an "outperform" rating on shares of Perpetua Resources in a research report on Wednesday, June 18th. B. Riley reaffirmed a "buy" rating and issued a $17.00 price objective (up previously from $16.00) on shares of Perpetua Resources in a research report on Wednesday, June 18th. Finally, Royal Bank Of Canada started coverage on shares of Perpetua Resources in a research report on Friday, July 18th. They issued an "outperform" rating and a $23.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. According to data from MarketBeat, Perpetua Resources presently has a consensus rating of "Buy" and an average price target of $22.25.

Insider Buying and Selling at Perpetua Resources

In related news, major shareholder Paulson & Co. Inc. acquired 7,575,757 shares of Perpetua Resources stock in a transaction on Monday, June 16th. The stock was acquired at an average price of $13.20 per share, for a total transaction of $99,999,992.40. Following the purchase, the insider owned 32,347,299 shares of the company's stock, valued at approximately $426,984,346.80. This represents a 30.58% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company's stock.

Perpetua Resources Trading Up 2.4%

NASDAQ:PPTA opened at $18.51 on Wednesday. The company has a market cap of $1.99 billion, a PE ratio of -59.71 and a beta of -0.02. Perpetua Resources Corp. has a twelve month low of $7.61 and a twelve month high of $18.71. The company's 50 day moving average is $15.34 and its two-hundred day moving average is $13.22.

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

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.

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