Ninety One UK Ltd Takes $1.69 Million Position in Perpetua Resources Corp. (NASDAQ:PPTA)

Ninety One UK Ltd purchased 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 158,693 shares of the company's stock, valued at approximately $1,693,000. Ninety One UK Ltd owned approximately 0.23% of Perpetua Resources as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Continuum Advisory LLC boosted its stake in shares of Perpetua Resources by 500.0% in the 3rd quarter. Continuum Advisory LLC now owns 4,800 shares of the company's stock valued at $44,000 after buying an additional 4,000 shares during the period. Intech Investment Management LLC purchased a new position in Perpetua Resources in the third quarter worth approximately $98,000. Quantbot Technologies LP acquired a new position in Perpetua Resources during the 3rd quarter worth approximately $123,000. SG Americas Securities LLC acquired a new position in Perpetua Resources during the 3rd quarter worth approximately $125,000. Finally, U S Global Investors Inc. purchased a new stake in shares of Perpetua Resources in the 3rd quarter valued at approximately $234,000. Hedge funds and other institutional investors own 70.07% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on PPTA shares. HC Wainwright boosted their target price on shares of Perpetua Resources from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Roth Mkm upped their price objective on Perpetua Resources from $15.00 to $19.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th.

Perpetua Resources Price Performance

Shares of NASDAQ:PPTA traded down $0.09 during trading on Friday, hitting $12.06. 528,560 shares of the company were exchanged, compared to its average volume of 676,511. The firm's 50 day moving average price is $11.71 and its 200-day moving average price is $9.79. Perpetua Resources Corp. has a 12-month low of $2.69 and a 12-month high of $13.23. The stock has a market capitalization of $847.46 million, a P/E ratio of -54.82 and a beta of 0.20.

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.