JPMorgan Chase & Co. Acquires 39,954 Shares of Perpetua Resources Corp. (NASDAQ:PPTA)

JPMorgan Chase & Co. raised its holdings in shares of Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) by 232.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,158 shares of the company's stock after acquiring an additional 39,954 shares during the quarter. JPMorgan Chase & Co. owned about 0.08% of Perpetua Resources worth $534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Fourth Sail Capital LP bought a new position in Perpetua Resources in the 3rd quarter worth about $10,405,000. State Street Corp lifted its holdings in shares of Perpetua Resources by 8.8% in the third quarter. State Street Corp now owns 593,502 shares of the company's stock worth $5,549,000 after buying an additional 48,220 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Perpetua Resources in the second quarter valued at approximately $197,000. Barclays PLC grew its stake in Perpetua Resources by 63.4% during the third quarter. Barclays PLC now owns 74,119 shares of the company's stock valued at $694,000 after acquiring an additional 28,746 shares in the last quarter. Finally, PEAK6 Investments LLC bought a new stake in Perpetua Resources during the 3rd quarter worth approximately $243,000. Hedge funds and other institutional investors own 70.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on PPTA shares. HC Wainwright raised their price target on shares of Perpetua Resources from $22.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Roth Mkm lifted their price objective on Perpetua Resources from $15.00 to $19.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th.

Perpetua Resources Stock Down 0.3 %

Shares of PPTA stock traded down $0.04 during trading on Friday, hitting $11.80. The company had a trading volume of 576,562 shares, compared to its average volume of 751,732. Perpetua Resources Corp. has a 52 week low of $2.69 and a 52 week high of $13.23. The stock has a market capitalization of $829.19 million, a price-to-earnings ratio of -53.64 and a beta of 0.19. The stock's 50-day moving average is $11.45 and its two-hundred day moving average is $9.57.

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.