M&G Plc Has $650,000 Holdings in Perpetua Resources Corp. (NASDAQ:PPTA)

M&G PLC lessened its holdings in shares of Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) by 50.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 67,629 shares of the company's stock after selling 70,000 shares during the quarter. M&G PLC owned approximately 0.10% of Perpetua Resources worth $650,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PPTA. Herr Investment Group LLC increased its holdings in shares of Perpetua Resources by 5.8% during the 2nd quarter. Herr Investment Group LLC now owns 1,450,498 shares of the company's stock valued at $7,543,000 after acquiring an additional 80,000 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Perpetua Resources by 1.6% during the first quarter. Russell Investments Group Ltd. now owns 581,600 shares of the company's stock worth $2,419,000 after purchasing an additional 8,985 shares during the period. Bank of New York Mellon Corp grew its holdings in Perpetua Resources by 20.0% during the second 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 last quarter. Nokomis Capital L.L.C. bought a new position in shares of Perpetua Resources in the first quarter valued at approximately $406,000. Finally, National Bank of Canada FI lifted its stake in shares of Perpetua Resources by 37.5% in the second quarter. National Bank of Canada FI now owns 55,000 shares of the company's stock worth $281,000 after buying an additional 15,000 shares during the last quarter. 70.07% of the stock is currently owned by institutional investors and hedge funds.

Perpetua Resources Price Performance

Perpetua Resources stock traded down $0.98 during mid-day trading on Friday, reaching $9.47. The company had a trading volume of 620,339 shares, compared to its average volume of 293,114. The company has a 50 day moving average of $9.33 and a 200-day moving average of $7.41. Perpetua Resources Corp. has a 52 week low of $2.69 and a 52 week high of $10.72.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last released its earnings results on Friday, August 9th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. Analysts expect that Perpetua Resources Corp. will post -0.21 EPS for the current year.

Insider Buying and Selling at Perpetua Resources

In other news, insider Alan Douglas Haslam sold 40,000 shares of Perpetua Resources stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $10.07, for a total transaction of $402,800.00. Following the sale, the insider now owns 65,571 shares of the company's stock, valued at approximately $660,299.97. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PPTA. HC Wainwright reiterated a "buy" rating and issued a $13.25 target price on shares of Perpetua Resources in a research note on Thursday, August 22nd. National Bank Financial began coverage on Perpetua Resources in a research report on Friday, September 6th. They issued an "outperform" rating on the stock. Finally, Roth Mkm boosted their price objective on Perpetua Resources from $12.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd.

Perpetua Resources Company 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.