Triasima Portfolio Management inc. Purchases New Shares in Perpetua Resources Corp. (NASDAQ:PPTA)

Triasima Portfolio Management inc. purchased a new stake in Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 80,994 shares of the company's stock, valued at approximately $864,000. Triasima Portfolio Management inc. owned about 0.11% of Perpetua Resources as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Condire Management LP boosted its holdings in Perpetua Resources by 6.9% during the fourth quarter. Condire Management LP now owns 890,459 shares of the company's stock worth $9,501,000 after buying an additional 57,399 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Perpetua Resources by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 489,958 shares of the company's stock worth $5,228,000 after buying an additional 5,129 shares during the last quarter. Millennium Management LLC boosted its holdings in Perpetua Resources by 226.7% during the fourth 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. Cohen & Steers Inc. bought a new position in Perpetua Resources during the fourth quarter worth about $2,729,000. Finally, Yaupon Capital Management LP bought a new position in Perpetua Resources during the fourth quarter worth about $2,668,000. Institutional investors own 70.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. National Bank Financial upgraded Perpetua Resources to a "strong-buy" rating in a report on Friday, March 21st. HC Wainwright reiterated a "buy" rating and set a $27.50 price objective on shares of Perpetua Resources in a report on Tuesday, June 17th. B. Riley reiterated a "buy" rating and set a $17.00 price objective (up previously from $16.00) on shares of Perpetua Resources in a report on Wednesday, June 18th. Finally, National Bankshares reiterated an "outperform" rating on shares of Perpetua Resources in a report on Wednesday, June 18th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $21.17.

Insider Activity at Perpetua Resources

In related news, major shareholder Paulson & Co. Inc. purchased 7,575,757 shares of the stock in a transaction on Monday, June 16th. The shares were purchased at an average price of $13.20 per share, with a total value of $99,999,992.40. Following the transaction, the insider directly owned 32,347,299 shares of the company's stock, valued at $426,984,346.80. This trade represents a 30.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Stephen Wright sold 6,500 shares of the business'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 value of $90,025.00. Following the transaction, the insider directly owned 14,195 shares in the company, valued at $196,600.75. This trade represents a 31.41% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Perpetua Resources Stock Performance

Perpetua Resources stock traded up $0.42 during midday trading on Thursday, reaching $15.87. The stock had a trading volume of 2,400,909 shares, compared to its average volume of 1,636,087. The firm's fifty day simple moving average is $13.80 and its 200-day simple moving average is $12.19. Perpetua Resources Corp. has a 1-year low of $5.25 and a 1-year high of $17.96. The stock has a market capitalization of $1.65 billion, a P/E ratio of -54.72 and a beta of -0.04.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last announced 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). On average, sell-side analysts anticipate that Perpetua Resources Corp. will post -0.21 earnings per share 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.