Amundi Takes $7.79 Million Position in Perpetua Resources Corp. (NASDAQ:PPTA)

Amundi bought a new position in shares of Perpetua Resources Corp. (NASDAQ:PPTA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 729,909 shares of the company’s stock, valued at approximately $7,788,000. Amundi owned about 1.04% of Perpetua Resources at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PPTA. Fourth Sail Capital LP purchased a new stake in Perpetua Resources in the 3rd quarter worth approximately $10,405,000. Ninety One UK Ltd purchased a new stake in Perpetua Resources during the fourth quarter worth $1,693,000. Silphium Asset Management Ltd acquired a new stake in Perpetua Resources during the fourth quarter valued at $1,600,000. Sprott Inc. increased its holdings in Perpetua Resources by 5.3% in 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 in the last quarter. Finally, State Street Corp raised its position in shares of Perpetua Resources by 8.8% in the third quarter. State Street Corp now owns 593,502 shares of the company’s stock worth $5,549,000 after acquiring an additional 48,220 shares during the period. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Perpetua Resources Stock Up 4.0 %

PPTA opened at $9.84 on Friday. The firm’s fifty day simple moving average is $10.69 and its two-hundred day simple moving average is $10.18. Perpetua Resources Corp. has a 52-week low of $3.78 and a 52-week high of $13.23. The company has a market cap of $692.16 million, a price-to-earnings ratio of -44.73 and a beta of 0.27.

Insider Activity at Perpetua Resources

In other Perpetua Resources news, insider Alan Douglas Haslam sold 10,400 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $9.24, for a total value of $96,096.00. Following the transaction, the insider now owns 65,763 shares in the company, valued at approximately $607,650.12. This trade represents a 13.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mckinsey Margaret Lyon sold 22,710 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $8.82, for a total transaction of $200,302.20. Following the sale, the insider now directly owns 89,154 shares of the company’s stock, valued at $786,338.28. The trade was a 20.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 20,230 shares of company stock valued at $166,582. 1.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PPTA has been the topic of a number of analyst reports. HC Wainwright raised their target price on Perpetua Resources from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Roth Mkm raised their price objective on Perpetua Resources from $15.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 7th.

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.