Polar Asset Management Partners Inc. Purchases Shares of 181,491 Perpetua Resources Corp. (NASDAQ:PPTA)

Polar Asset Management Partners Inc. bought a new position in Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 181,491 shares of the company's stock, valued at approximately $1,937,000. Polar Asset Management Partners Inc. owned approximately 0.26% of Perpetua Resources as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sprott Inc. boosted its position in Perpetua Resources by 5.3% during the fourth quarter. Sprott Inc. now owns 2,938,871 shares of the company's stock valued at $31,358,000 after buying an additional 148,273 shares during the period. Condire Management LP raised its stake in Perpetua Resources by 6.9% in 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 in the last quarter. Amundi bought a new position in Perpetua Resources in the fourth quarter worth about $7,788,000. Geode Capital Management LLC increased its stake in shares of Perpetua Resources by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 489,958 shares of the company's stock valued at $5,228,000 after purchasing an additional 5,129 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Perpetua Resources by 226.7% during the fourth quarter. Millennium Management LLC now owns 370,536 shares of the company's stock valued at $3,954,000 after purchasing an additional 257,130 shares in the last quarter. 70.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. National Bank Financial upgraded shares of Perpetua Resources to a "strong-buy" rating in a report on Friday, March 21st. National Bankshares reiterated an "outperform" rating on shares of Perpetua Resources in a report on Wednesday, April 2nd. Finally, HC Wainwright cut their price target on shares of Perpetua Resources from $28.00 to $27.50 and set a "buy" rating on the stock in a report on Tuesday, May 13th.

Insider Buying and Selling

In other Perpetua Resources news, Director Andrew Phillip Cole purchased 9,450 shares of the company's stock in a transaction dated 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 purchase, the director now directly owns 9,450 shares of the company's stock, valued at $75,505.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Alan Dean purchased 5,000 shares of the company's stock in a transaction dated Friday, February 21st. The shares were acquired at an average price of $8.32 per share, for a total transaction of $41,600.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $83,200. The trade was a 100.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 20,230 shares of company stock worth $166,582 and have sold 49,210 shares worth $510,327. 1.50% of the stock is currently owned by corporate insiders.

Perpetua Resources Trading Down 1.1%

PPTA stock traded down $0.16 on Thursday, hitting $13.50. The company had a trading volume of 287,365 shares, compared to its average volume of 672,030. Perpetua Resources Corp. has a 12-month low of $5.01 and a 12-month high of $15.44. The stock's 50-day simple moving average is $12.37 and its 200 day simple moving average is $11.25. The stock has a market cap of $962.65 million, a price-to-earnings ratio of -61.14 and a beta of 0.06.

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