Kopernik Global Investors LLC Sells 376,319 Shares of Perpetua Resources Corp. (NASDAQ:PPTA)

Kopernik Global Investors LLC trimmed its position in Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) by 14.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,151,004 shares of the company's stock after selling 376,319 shares during the period. Perpetua Resources comprises 2.5% of Kopernik Global Investors LLC's investment portfolio, making the stock its 13th biggest position. Kopernik Global Investors LLC owned approximately 3.06% of Perpetua Resources worth $22,951,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. State Street Corp grew its position 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 valued at $5,549,000 after acquiring an additional 48,220 shares during the period. Wolverine Trading LLC bought a new stake in shares of Perpetua Resources in the third quarter valued at $241,000. Jane Street Group LLC lifted its position in shares of Perpetua Resources by 4.3% during the 3rd 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 during the last quarter. Barclays PLC grew its stake in shares of Perpetua Resources by 63.4% during the 3rd quarter. Barclays PLC now owns 74,119 shares of the company's stock worth $694,000 after acquiring an additional 28,746 shares during the period. Finally, Geode Capital Management LLC raised 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. Institutional investors own 70.07% of the company's stock.

Perpetua Resources Price Performance

NASDAQ:PPTA traded down $0.20 during trading hours on Friday, hitting $13.15. The stock had a trading volume of 744,771 shares, compared to its average volume of 578,474. The firm has a market capitalization of $928.51 million, a price-to-earnings ratio of -59.77 and a beta of 0.12. Perpetua Resources Corp. has a one year low of $4.96 and a one year high of $13.81. The company has a 50 day simple moving average of $10.24 and a two-hundred day simple moving average of $10.58.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.03. Equities research analysts anticipate that Perpetua Resources Corp. will post -0.21 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Robert Alan Dean bought 5,000 shares of the business's stock in a transaction on Friday, February 21st. The stock was acquired at an average price of $8.32 per share, with a total value of $41,600.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $83,200. This represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Alan Douglas Haslam sold 10,400 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $9.24, for a total transaction of $96,096.00. Following the completion of the sale, the insider now owns 65,763 shares of the company's stock, 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. Over the last three months, insiders have purchased 20,230 shares of company stock worth $166,582 and have sold 53,110 shares worth $516,398. 1.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.