729,909 Shares in Perpetua Resources Corp. (NASDAQ:PPTA) Purchased by Amundi

Amundi purchased a new position in Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 729,909 shares of the company's stock, valued at approximately $7,788,000. Amundi owned about 1.04% of Perpetua Resources as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PPTA. Sprott Inc. increased its position in Perpetua Resources by 5.3% in the fourth quarter. Sprott Inc. now owns 2,938,871 shares of the company's stock worth $31,358,000 after buying an additional 148,273 shares in the last quarter. Fourth Sail Capital LP bought a new stake in shares of Perpetua Resources in the third quarter worth about $10,405,000. State Street Corp raised its holdings 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. Geode Capital Management LLC grew its stake in shares of Perpetua Resources by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 484,829 shares of the company's stock worth $4,533,000 after buying an additional 2,252 shares in the last quarter. Finally, Ninety One UK Ltd bought a new stake in Perpetua Resources during the fourth quarter worth approximately $1,693,000. Institutional investors own 70.07% of the company's stock.

Insider Activity at Perpetua Resources

In other news, Director Robert Alan Dean bought 5,000 shares of Perpetua Resources stock in a transaction on Friday, February 21st. The shares were bought at an average cost of $8.32 per share, for a total transaction of $41,600.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $83,200. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Alan Douglas Haslam sold 10,400 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was 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 directly owns 65,763 shares in the company, valued at approximately $607,650.12. The trade was a 13.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased 20,230 shares of company stock worth $166,582 in the last quarter. Company insiders own 1.90% of the company's stock.

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Perpetua Resources Price Performance

Shares of NASDAQ:PPTA traded up $0.40 during trading on Wednesday, hitting $11.17. 629,438 shares of the company were exchanged, compared to its average volume of 486,788. The firm's 50 day moving average price is $10.61 and its 200-day moving average price is $10.22. The stock has a market capitalization of $785.99 million, a P/E ratio of -50.79 and a beta of 0.27. Perpetua Resources Corp. has a 12-month low of $3.85 and a 12-month high of $13.23.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. HC Wainwright upped their target price on shares of Perpetua Resources from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Roth Mkm lifted 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.

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.