Raymond James Financial Inc. Acquires New Shares in Perpetua Resources Corp. (NASDAQ:PPTA)

Raymond James Financial Inc. acquired a new stake in Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 26,228 shares of the company's stock, valued at approximately $280,000.

Other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can raised its position in Perpetua Resources by 1.6% in the fourth quarter. Bank of Montreal Can now owns 67,594 shares of the company's stock valued at $721,000 after purchasing an additional 1,054 shares during the period. Lane & Associates LLC increased its stake in shares of Perpetua Resources by 24.0% during the fourth quarter. Lane & Associates LLC now owns 15,987 shares of the company's stock worth $189,000 after acquiring an additional 3,095 shares during the period. U S Global Investors Inc. lifted its stake in shares of Perpetua Resources by 20.0% in the fourth quarter. U S Global Investors Inc. now owns 30,000 shares of the company's stock valued at $320,000 after purchasing an additional 5,000 shares during the period. Geode Capital Management LLC increased its position in shares of Perpetua Resources by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 489,958 shares of the company's stock valued at $5,228,000 after buying an additional 5,129 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Perpetua Resources by 48.1% in the 4th 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 in the last quarter. 70.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Alan Douglas Haslam sold 10,400 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $9.24, for a total transaction of $96,096.00. Following the transaction, the insider now owns 65,763 shares of the company's stock, valued at $607,650.12. This represents a 13.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Alan Dean purchased 5,000 shares of the business's stock in a transaction dated Friday, February 21st. The stock was bought at an average cost of $8.32 per share, for a total transaction of $41,600.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $83,200. This trade represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 20,230 shares of company stock worth $166,582 and have sold 59,610 shares worth $606,423. Company insiders own 1.50% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on PPTA shares. HC Wainwright decreased 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. National Bankshares reiterated an "outperform" rating on shares of Perpetua Resources in a report on Wednesday, April 2nd. Finally, National Bank Financial raised shares of Perpetua Resources to a "strong-buy" rating in a report on Friday, March 21st.

Perpetua Resources Stock Performance

NASDAQ:PPTA traded up $0.53 during trading hours on Tuesday, hitting $12.27. 1,990,461 shares of the company's stock traded hands, compared to its average volume of 646,204. The firm has a market cap of $874.68 million, a P/E ratio of -55.77 and a beta of 0.06. The stock's fifty day moving average price is $11.88 and its two-hundred day moving average price is $11.14. Perpetua Resources Corp. has a twelve month low of $5.01 and a twelve month high of $15.44.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.07). On average, equities research analysts predict 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.