Perpetua Resources Corp. (NASDAQ:PPTA) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP increased its holdings in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 189.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 65,283 shares of the company’s stock after acquiring an additional 42,711 shares during the period. Trexquant Investment LP’s holdings in Perpetua Resources were worth $697,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PPTA. Geode Capital Management LLC boosted its position in Perpetua Resources by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 489,958 shares of the company’s stock worth $5,228,000 after purchasing an additional 5,129 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Perpetua Resources by 1,618.3% during the 4th quarter. National Bank of Canada FI now owns 43,197 shares of the company’s stock worth $462,000 after buying an additional 40,683 shares during the period. Sei Investments Co. lifted its position in shares of Perpetua Resources by 11.4% during the 4th quarter. Sei Investments Co. now owns 94,024 shares of the company’s stock valued at $1,003,000 after buying an additional 9,617 shares in the last quarter. Arrien Investments Inc. acquired a new stake in Perpetua Resources in the 4th quarter valued at $572,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Perpetua Resources in the 4th quarter worth $1,307,000. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Perpetua Resources Stock Up 6.5 %

Shares of PPTA opened at $11.83 on Friday. The firm’s fifty day moving average is $10.14 and its two-hundred day moving average is $10.49. The stock has a market cap of $835.30 million, a PE ratio of -53.77 and a beta of 0.12. Perpetua Resources Corp. has a 52-week low of $4.96 and a 52-week high of $13.23.

Perpetua Resources (NASDAQ:PPTA) last announced 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. As a group, research analysts anticipate that Perpetua Resources Corp. will post -0.21 earnings per share for the current year.

Insider Activity

In related news, Director Richie Darrin Haddock purchased 5,780 shares of Perpetua Resources stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $8.56 per share, for a total transaction of $49,476.80. Following the acquisition, the director now directly owns 5,780 shares in the company, valued at approximately $49,476.80. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Alan Dean purchased 5,000 shares of the stock in a transaction dated Friday, February 21st. The shares were purchased at an average cost of $8.32 per share, for a total transaction of $41,600.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $83,200. The trade was a 100.00 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 20,230 shares of company stock worth $166,582 and sold 53,110 shares worth $516,398. Company insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.