Donald Smith & CO. Inc. Decreases Stake in Perpetua Resources Corp. (NASDAQ:PPTA)

Donald Smith & CO. Inc. cut its holdings in Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) by 15.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 265,000 shares of the company's stock after selling 50,000 shares during the period. Donald Smith & CO. Inc. owned 0.40% of Perpetua Resources worth $2,478,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PPTA. M&G Plc acquired a new position in shares of Perpetua Resources during the first quarter worth $805,000. Herr Investment Group LLC boosted its holdings in shares of Perpetua Resources by 5.8% in the 2nd quarter. Herr Investment Group LLC now owns 1,450,498 shares of the company's stock valued at $7,543,000 after buying an additional 80,000 shares during the period. Price T Rowe Associates Inc. MD bought a new position in shares of Perpetua Resources during the first quarter valued at approximately $51,000. Russell Investments Group Ltd. lifted its stake in Perpetua Resources by 1.6% in the first quarter. Russell Investments Group Ltd. now owns 581,600 shares of the company's stock valued at $2,419,000 after buying an additional 8,985 shares during the last quarter. Finally, American Century Companies Inc. acquired a new stake in shares of Perpetua Resources in the second quarter valued at approximately $124,000. Institutional investors and hedge funds own 70.07% of the company's stock.

Perpetua Resources Price Performance

Shares of NASDAQ:PPTA traded down $0.17 during trading on Wednesday, reaching $10.21. The stock had a trading volume of 200,078 shares, compared to its average volume of 254,993. The business's 50-day moving average price is $9.14 and its 200 day moving average price is $7.21. Perpetua Resources Corp. has a 52 week low of $2.69 and a 52 week high of $10.72. The stock has a market capitalization of $679.67 million, a PE ratio of -49.14 and a beta of 0.29.

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

Wall Street Analysts Forecast Growth

PPTA has been the subject of several recent analyst reports. HC Wainwright reiterated a "buy" rating and issued a $13.25 price objective on shares of Perpetua Resources in a report on Thursday, August 22nd. National Bank Financial started coverage on shares of Perpetua Resources in a report on Friday, September 6th. They set an "outperform" rating on the stock. Finally, Roth Mkm raised their price objective on shares of Perpetua Resources from $12.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd.

Insider Buying and Selling at Perpetua Resources

In other Perpetua Resources news, insider Alan Douglas Haslam sold 40,000 shares of the company's stock in a transaction 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 completion of the sale, the insider now directly owns 65,571 shares in the company, valued at $660,299.97. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.