Yaupon Capital Management LP Purchases New Position in Perpetua Resources Corp. (NASDAQ:PPTA)

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

Other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Perpetua Resources by 8.8% during the 3rd 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 in the last quarter. Jane Street Group LLC increased its position in shares of Perpetua Resources by 4.3% in the third quarter. Jane Street Group LLC now owns 63,527 shares of the company’s stock valued at $597,000 after buying an additional 2,605 shares in the last quarter. Barclays PLC lifted 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 buying an additional 28,746 shares in the last quarter. Geode Capital Management LLC grew its stake in Perpetua Resources by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 484,829 shares of the company’s stock valued at $4,533,000 after acquiring an additional 2,252 shares during the period. Finally, Virtu Financial LLC raised its position in Perpetua Resources by 43.6% during the third quarter. Virtu Financial LLC now owns 34,478 shares of the company’s stock worth $322,000 after acquiring an additional 10,463 shares during the period. 70.07% of the stock is owned by hedge funds and other institutional investors.

Perpetua Resources Stock Performance

Shares of NASDAQ:PPTA opened at $13.30 on Tuesday. Perpetua Resources Corp. has a one year low of $4.96 and a one year high of $14.40. The company has a 50-day simple moving average of $10.29 and a 200-day simple moving average of $10.66. The stock has a market capitalization of $939.10 million, a price-to-earnings ratio of -60.45 and a beta of 0.12.

Perpetua Resources (NASDAQ:PPTA) last announced its quarterly earnings data on Wednesday, March 19th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. As a group, research analysts forecast that Perpetua Resources Corp. will post -0.21 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Activity at Perpetua Resources

In related news, Director Robert Alan Dean purchased 5,000 shares of Perpetua Resources stock in a transaction dated Friday, February 21st. The stock was bought 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mckinsey Margaret Lyon sold 22,710 shares of Perpetua Resources stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $8.82, for a total value of $200,302.20. Following the transaction, the insider now directly owns 89,154 shares of the company’s stock, valued at $786,338.28. This trade represents a 20.30 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 20,230 shares of company stock worth $166,582 and have sold 53,110 shares worth $516,398. Company insiders own 1.90% of the company’s stock.

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.