Sei Investments Co. Purchases 9,617 Shares of Perpetua Resources Corp. (NASDAQ:PPTA)

Sei Investments Co. grew its holdings in Perpetua Resources Corp. (NASDAQ:PPTA) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 94,024 shares of the company’s stock after purchasing an additional 9,617 shares during the quarter. Sei Investments Co.’s holdings in Perpetua Resources were worth $1,003,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PPTA. State Street Corp lifted its holdings in Perpetua Resources by 8.8% in the third quarter. State Street Corp now owns 593,502 shares of the company’s stock valued at $5,549,000 after buying an additional 48,220 shares during the period. Barclays PLC raised its position in shares of Perpetua Resources by 63.4% during the 3rd quarter. Barclays PLC now owns 74,119 shares of the company’s stock valued at $694,000 after acquiring an additional 28,746 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Perpetua Resources by 232.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 57,158 shares of the company’s stock valued at $534,000 after purchasing an additional 39,954 shares during the period. Ninety One UK Ltd bought a new position in shares of Perpetua Resources in the 4th quarter worth $1,693,000. Finally, Jane Street Group LLC grew its stake in shares of Perpetua Resources by 4.3% during the third quarter. Jane Street Group LLC now owns 63,527 shares of the company’s stock worth $597,000 after purchasing an additional 2,605 shares during the period. Institutional investors and hedge funds own 70.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. National Bankshares restated an “outperform” rating on shares of Perpetua Resources in a report on Wednesday, April 2nd. HC Wainwright lifted their price objective on shares of Perpetua Resources from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, March 21st. National Bank Financial upgraded shares of Perpetua Resources to a “strong-buy” rating in a report on Friday, March 21st. Finally, Roth Mkm increased their target price on shares of Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th.

Insider Transactions at Perpetua Resources

In other news, Director Robert Alan Dean bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average price of $8.32 per share, with a total value of $41,600.00. Following the transaction, the director now owns 10,000 shares in the company, valued at $83,200. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alan Douglas Haslam sold 10,400 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $9.24, for a total value of $96,096.00. Following the completion of the sale, the insider now owns 65,763 shares in the company, valued at $607,650.12. The trade was a 13.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 20,230 shares of company stock valued at $166,582 and sold 53,110 shares valued at $516,398. 1.90% of the stock is owned by insiders.

Perpetua Resources Trading Down 3.5 %

NASDAQ:PPTA opened at $8.98 on Tuesday. Perpetua Resources Corp. has a 1 year low of $4.96 and a 1 year high of $13.23. The stock has a 50-day moving average price of $10.28 and a two-hundred day moving average price of $10.44. The stock has a market cap of $634.07 million, a price-to-earnings ratio of -40.82 and a beta of 0.12.

Perpetua Resources (NASDAQ:PPTA) last issued its quarterly earnings data on Wednesday, March 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03. Sell-side analysts forecast that Perpetua Resources Corp. will post -0.21 earnings per share for the current year.

Perpetua Resources Company 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.