XTX Topco Ltd Acquires Shares of 32,743 Perpetua Resources Corp. (NASDAQ:PPTA)

Key Points

• XTX Topco Ltd acquired 32,743 shares of Perpetua Resources Corp., valued at approximately $350,000, indicating interest from institutional investors in the company's stock.
• Major shareholder Paulson & Co. Inc. significantly increased its position by acquiring 7,575,757 shares for around $99.99 million, bringing their total ownership to approximately 32.3 million shares.
• Perpetua Resources has received buy ratings from several brokerages with a price target range between $17.00 and $27.50, along with an average price target of $21.63.

XTX Topco Ltd bought a new stake in shares of Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 32,743 shares of the company's stock, valued at approximately $350,000.

Other hedge funds have also recently modified their holdings of the company. Bank of Montreal Can lifted its stake in Perpetua Resources by 1.6% during the 4th 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 during the period. Price T Rowe Associates Inc. MD lifted its stake in Perpetua Resources by 24.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,722 shares of the company's stock valued at $168,000 after acquiring an additional 3,067 shares during the period. Ancora Advisors LLC bought a new position in Perpetua Resources during the 4th quarter valued at about $37,000. Continuum Advisory LLC lifted its stake in Perpetua Resources by 72.9% during the 1st quarter. Continuum Advisory LLC now owns 8,300 shares of the company's stock valued at $89,000 after acquiring an additional 3,500 shares during the period. Finally, Rhumbline Advisers lifted its stake in Perpetua Resources by 6.0% during the 1st quarter. Rhumbline Advisers now owns 64,688 shares of the company's stock valued at $692,000 after acquiring an additional 3,672 shares during the period. Institutional investors own 70.07% of the company's stock.

Perpetua Resources Trading Up 2.3%

Perpetua Resources stock traded up $0.39 during midday trading on Thursday, hitting $17.42. The stock had a trading volume of 695,933 shares, compared to its average volume of 1,695,805. The firm's fifty day moving average is $14.92 and its two-hundred day moving average is $12.85. The company has a market capitalization of $1.87 billion, a PE ratio of -59.94 and a beta of -0.02. Perpetua Resources Corp. has a 52-week low of $6.70 and a 52-week high of $18.04.

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

Insider Transactions at Perpetua Resources

In related news, major shareholder Paulson & Co. Inc. acquired 7,575,757 shares of the business's stock in a transaction on Monday, June 16th. The stock was acquired at an average cost of $13.20 per share, with a total value of $99,999,992.40. Following the acquisition, the insider directly owned 32,347,299 shares in the company, valued at $426,984,346.80. This represents a 30.58% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PPTA shares. Royal Bank Of Canada started coverage on shares of Perpetua Resources in a research note on Friday, July 18th. They set an "outperform" rating and a $23.00 target price on the stock. B. Riley restated a "buy" rating and set a $17.00 target price (up previously from $16.00) on shares of Perpetua Resources in a research note on Wednesday, June 18th. HC Wainwright reaffirmed a "buy" rating and set a $27.50 price target on shares of Perpetua Resources in a research report on Tuesday, June 17th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Perpetua Resources in a research report on Wednesday, June 18th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $21.63.

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.