The Manufacturers Life Insurance Company Buys 53,634 Shares of Perpetua Resources Corp. (NASDAQ:PPTA)

The Manufacturers Life Insurance Company raised its position in Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) by 387.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,483 shares of the company's stock after purchasing an additional 53,634 shares during the quarter. The Manufacturers Life Insurance Company owned 0.10% of Perpetua Resources worth $720,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. ExodusPoint Capital Management LP acquired a new stake in shares of Perpetua Resources in the fourth quarter valued at about $140,000. Price T Rowe Associates Inc. MD increased its stake in shares of Perpetua Resources by 24.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,722 shares of the company's stock valued at $168,000 after buying an additional 3,067 shares during the period. Lane & Associates LLC increased its stake in shares of Perpetua Resources by 24.0% in the fourth 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. Wells Fargo & Company MN increased its stake in shares of Perpetua Resources by 57.2% in the fourth quarter. Wells Fargo & Company MN now owns 18,644 shares of the company's stock valued at $199,000 after buying an additional 6,783 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Perpetua Resources by 48.1% in the fourth quarter. SG Americas Securities LLC now owns 19,870 shares of the company's stock valued at $212,000 after buying an additional 6,454 shares during the period. 70.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Perpetua Resources Price Performance

NASDAQ PPTA opened at $13.66 on Thursday. The business has a 50 day simple moving average of $12.37 and a 200 day simple moving average of $11.25. Perpetua Resources Corp. has a one year low of $5.01 and a one year high of $15.44. The stock has a market capitalization of $973.77 million, a P/E ratio of -62.09 and a beta of 0.06.

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

Insiders Place Their Bets

In other news, Director Andrew Phillip Cole purchased 9,450 shares of the business's stock in a transaction on Monday, February 24th. The shares were acquired at an average price of $7.99 per share, for a total transaction of $75,505.50. Following the completion of the acquisition, the director now owns 9,450 shares in the company, valued at approximately $75,505.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert Alan Dean purchased 5,000 shares of the business's stock in a transaction on Friday, February 21st. The stock was purchased at an average price of $8.32 per share, for a total transaction of $41,600.00. Following the acquisition, the director now owns 10,000 shares of the company's stock, valued at approximately $83,200. This represents a 100.00% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 20,230 shares of company stock worth $166,582 and have sold 49,210 shares worth $510,327. Corporate insiders own 1.50% 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.