Barclays PLC Buys 28,746 Shares of Perpetua Resources Corp. (NASDAQ:PPTA)

Barclays PLC boosted its position in Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) by 63.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 74,119 shares of the company's stock after purchasing an additional 28,746 shares during the period. Barclays PLC owned about 0.11% of Perpetua Resources worth $694,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in Perpetua Resources by 20.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 107,551 shares of the company's stock valued at $559,000 after purchasing an additional 17,954 shares during the period. Rhumbline Advisers boosted its holdings in shares of Perpetua Resources by 51.0% in the 2nd quarter. Rhumbline Advisers now owns 49,450 shares of the company's stock worth $257,000 after buying an additional 16,698 shares during the last quarter. American Century Companies Inc. bought a new position in Perpetua Resources during the second quarter valued at about $124,000. Herr Investment Group LLC increased its holdings in Perpetua Resources by 5.8% during the second quarter. Herr Investment Group LLC now owns 1,450,498 shares of the company's stock worth $7,543,000 after buying an additional 80,000 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Perpetua Resources in the second quarter worth about $197,000. Hedge funds and other institutional investors own 70.07% of the company's stock.

Perpetua Resources Stock Up 1.7 %

Perpetua Resources stock traded up $0.20 during midday trading on Friday, reaching $11.91. The stock had a trading volume of 770,902 shares, compared to its average volume of 962,746. The firm has a market capitalization of $835.72 million, a PE ratio of -54.14 and a beta of 0.19. Perpetua Resources Corp. has a 12 month low of $2.69 and a 12 month high of $13.23. The firm's 50-day moving average price is $10.92 and its 200 day moving average price is $9.08.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PPTA. Roth Mkm increased their target price on shares of Perpetua Resources from $15.00 to $19.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. HC Wainwright increased their price objective on Perpetua Resources from $22.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, January 7th.

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.