The Manufacturers Life Insurance Company Increases Stake in Perpetua Resources Corp. (NASDAQ:PPTA)

The Manufacturers Life Insurance Company grew its stake in Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) by 387.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 approximately 0.10% of Perpetua Resources worth $720,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PPTA. Bank of Montreal Can increased its position in Perpetua Resources by 1.6% during the fourth quarter. Bank of Montreal Can now owns 67,594 shares of the company's stock worth $721,000 after acquiring an additional 1,054 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Perpetua Resources by 24.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,722 shares of the company's stock worth $168,000 after buying an additional 3,067 shares in the last quarter. Lane & Associates LLC increased its position 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 acquiring an additional 3,095 shares during the period. U S Global Investors Inc. increased its position in Perpetua Resources by 20.0% in the 4th quarter. U S Global Investors Inc. now owns 30,000 shares of the company's stock valued at $320,000 after acquiring an additional 5,000 shares during the period. Finally, Geode Capital Management LLC increased its position in Perpetua Resources by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 489,958 shares of the company's stock valued at $5,228,000 after acquiring an additional 5,129 shares during the period. 70.07% of the stock is owned by institutional investors.

Perpetua Resources Price Performance

Shares of PPTA stock traded up $0.02 on Wednesday, hitting $13.74. The stock had a trading volume of 136,384 shares, compared to its average volume of 668,172. Perpetua Resources Corp. has a 12-month low of $5.01 and a 12-month high of $15.44. The business has a 50 day moving average of $12.29 and a 200 day moving average of $11.23. The stock has a market cap of $979.11 million, a price-to-earnings ratio of -62.38 and a beta of 0.06.

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

Analysts Set New Price Targets

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

Insider Activity at Perpetua Resources

In related news, Director Robert Alan Dean bought 5,000 shares of the company's stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of $8.32 per share, for a total transaction of $41,600.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $83,200. This trade represents a 100.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andrew Phillip Cole acquired 9,450 shares of the stock in a transaction dated Monday, February 24th. The stock was acquired at an average price of $7.99 per share, with a total value 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 position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 20,230 shares of company stock valued at $166,582 and sold 59,610 shares valued at $606,423. 1.50% of the stock is owned by corporate insiders.

Perpetua Resources 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.