Yaupon Capital Management LP Buys Shares of 250,000 Perpetua Resources Corp. (NASDAQ:PPTA)

Yaupon Capital Management LP bought a new stake in shares of Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 250,000 shares of the company's stock, valued at approximately $2,668,000. Yaupon Capital Management LP owned 0.36% of Perpetua Resources at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. ExodusPoint Capital Management LP bought a new stake in Perpetua Resources in the fourth quarter valued at approximately $140,000. Lane & Associates LLC boosted its position in Perpetua Resources by 24.0% during the 4th 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 grew its holdings in Perpetua Resources by 57.2% in the 4th quarter. Wells Fargo & Company MN now owns 18,644 shares of the company's stock worth $199,000 after acquiring an additional 6,783 shares during the last quarter. SG Americas Securities LLC increased its position 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 acquiring an additional 6,454 shares during the period. Finally, Rothschild Investment LLC bought a new position in shares of Perpetua Resources during the fourth quarter valued at about $214,000. 70.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on PPTA. National Bank Financial upgraded Perpetua Resources to a "strong-buy" rating in a report on Friday, March 21st. Roth Mkm boosted their target price on Perpetua Resources from $15.00 to $19.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. National Bankshares reaffirmed an "outperform" rating on shares of Perpetua Resources in a research note on Wednesday, April 2nd. Finally, HC Wainwright boosted their price objective on shares of Perpetua Resources from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, March 21st.

Perpetua Resources Trading Down 0.1 %

Shares of PPTA stock traded down $0.01 during midday trading on Friday, reaching $14.29. 992,917 shares of the stock were exchanged, compared to its average volume of 599,827. Perpetua Resources Corp. has a 1 year low of $4.96 and a 1 year high of $14.75. The firm has a market cap of $1.02 billion, a PE ratio of -64.95 and a beta of 0.12. The company's 50 day moving average is $10.60 and its two-hundred day moving average is $10.80.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.03. As a group, equities analysts expect that Perpetua Resources Corp. will post -0.21 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Alan Douglas Haslam sold 10,400 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 65,763 shares of the company's stock, valued at $607,650.12. This trade represents a 13.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew Phillip Cole acquired 9,450 shares of the stock in a transaction on Monday, February 24th. The shares were bought at an average price of $7.99 per share, with a total value 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 disclosure for this purchase can be found here. In the last three months, insiders acquired 20,230 shares of company stock worth $166,582 and sold 59,610 shares worth $606,423. 1.90% of the stock is owned by company 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.