Connor Clark & Lunn Investment Management Ltd. Invests $1.31 Million in Perpetua Resources Corp. (NASDAQ:PPTA)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of 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 (SEC). The institutional investor acquired 122,500 shares of the company's stock, valued at approximately $1,307,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.17% of Perpetua Resources at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Continuum Advisory LLC raised its holdings in Perpetua Resources by 500.0% during the third quarter. Continuum Advisory LLC now owns 4,800 shares of the company's stock worth $44,000 after buying an additional 4,000 shares during the last quarter. Intech Investment Management LLC acquired a new position in Perpetua Resources during the third quarter worth $98,000. Quantbot Technologies LP purchased a new stake in shares of Perpetua Resources in the third quarter valued at about $123,000. Lane & Associates LLC lifted its position in shares of Perpetua Resources by 24.0% during the fourth quarter. Lane & Associates LLC now owns 15,987 shares of the company's stock valued at $189,000 after purchasing an additional 3,095 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Perpetua Resources by 48.1% during the fourth quarter. SG Americas Securities LLC now owns 19,870 shares of the company's stock valued at $212,000 after purchasing an additional 6,454 shares in the last quarter. Institutional investors and hedge funds own 70.07% of the company's stock.

Analysts Set New Price Targets

PPTA has been the topic of a number of recent analyst reports. 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 report on Tuesday, January 7th. HC Wainwright raised their price target on shares of Perpetua Resources from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Friday.

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Perpetua Resources Trading Down 2.3 %

Shares of PPTA traded down $0.26 during trading hours on Friday, reaching $11.20. 4,818,278 shares of the stock traded hands, compared to its average volume of 512,371. Perpetua Resources Corp. has a 52 week low of $4.02 and a 52 week high of $13.23. The stock has a fifty day simple moving average of $10.55 and a 200 day simple moving average of $10.27. The company has a market cap of $787.82 million, a price-to-earnings ratio of -50.91 and a beta of 0.27.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.03. Analysts predict that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Mckinsey Margaret Lyon sold 22,710 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $8.82, for a total transaction of $200,302.20. Following the completion of the sale, the insider now owns 89,154 shares in the company, valued at approximately $786,338.28. This trade represents a 20.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richie Darrin Haddock bought 5,780 shares of Perpetua Resources stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average price of $8.56 per share, with a total value of $49,476.80. Following the purchase, the director now directly owns 5,780 shares of the company's stock, valued at approximately $49,476.80. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 20,230 shares of company stock worth $166,582. Insiders own 1.90% of the company's stock.

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.