Continuum Advisory LLC Acquires 3,500 Shares of Perpetua Resources Corp. (NASDAQ:PPTA)

Continuum Advisory LLC grew its holdings in Perpetua Resources Corp. (NASDAQ:PPTA) by 72.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,300 shares of the company’s stock after purchasing an additional 3,500 shares during the period. Continuum Advisory LLC’s holdings in Perpetua Resources were worth $89,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of Montreal Can boosted its position in shares of Perpetua Resources by 1.6% during the fourth quarter. Bank of Montreal Can now owns 67,594 shares of the company’s stock valued at $721,000 after buying an additional 1,054 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Perpetua Resources by 24.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,722 shares of the company’s stock valued at $168,000 after acquiring an additional 3,067 shares during the period. Ancora Advisors LLC purchased a new stake in shares of Perpetua Resources during the 4th quarter valued at about $37,000. Rhumbline Advisers grew its stake in shares of Perpetua Resources by 6.0% in the first quarter. Rhumbline Advisers now owns 64,688 shares of the company’s stock worth $692,000 after acquiring an additional 3,672 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Perpetua Resources by 1,658.4% during the first quarter. GAMMA Investing LLC now owns 4,308 shares of the company’s stock valued at $46,000 after purchasing an additional 4,063 shares during the last quarter. Institutional investors own 70.07% of the company’s stock.

Insider Buying and Selling

In other Perpetua Resources news, insider Michael Stephen Wright sold 6,500 shares of the company’s stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $13.85, for a total transaction of $90,025.00. Following the sale, the insider now directly owns 14,195 shares in the company, valued at $196,600.75. This represents a 31.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Paulson & Co. Inc. bought 7,575,757 shares of the business’s stock in a transaction dated Monday, June 16th. The shares were bought at an average cost of $13.20 per share, for a total transaction of $99,999,992.40. Following the transaction, the insider now owns 32,347,299 shares in the company, valued at approximately $426,984,346.80. The trade was a 30.58% increase in their position. The disclosure for this purchase can be found here. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. National Bankshares restated an “outperform” rating on shares of Perpetua Resources in a report on Wednesday, June 18th. National Bank Financial raised Perpetua Resources to a “strong-buy” rating in a report on Friday, March 21st. HC Wainwright reaffirmed a “buy” rating and issued a $27.50 price objective on shares of Perpetua Resources in a report on Tuesday, June 17th. Finally, B. Riley reiterated a “buy” rating and set a $17.00 price objective (up previously from $16.00) on shares of Perpetua Resources in a research report on Wednesday, June 18th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $21.17.

Perpetua Resources Stock Down 0.5%

Shares of PPTA opened at $13.02 on Thursday. The business has a 50-day simple moving average of $14.07 and a two-hundred day simple moving average of $12.04. Perpetua Resources Corp. has a 52 week low of $5.01 and a 52 week high of $17.96. The stock has a market cap of $931.45 million, a price-to-earnings ratio of -44.90 and a beta of 0.02.

Perpetua Resources (NASDAQ:PPTA) last posted its quarterly earnings results on Friday, May 9th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). On average, equities analysts anticipate that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.

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.