Raymond James Financial Inc. Buys New Position in Perpetua Resources Corp. (NASDAQ:PPTA)

Raymond James Financial Inc. purchased a new stake in shares of Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,228 shares of the company's stock, valued at approximately $280,000.

Several other large investors have also recently bought and sold shares of PPTA. State Street Corp lifted its stake in shares of Perpetua Resources by 8.8% in the 3rd quarter. State Street Corp now owns 593,502 shares of the company's stock valued at $5,549,000 after purchasing an additional 48,220 shares during the last quarter. Barclays PLC lifted its position in Perpetua Resources by 63.4% in the third quarter. Barclays PLC now owns 74,119 shares of the company's stock worth $694,000 after purchasing an additional 28,746 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Perpetua Resources by 232.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 57,158 shares of the company's stock valued at $534,000 after acquiring an additional 39,954 shares in the last quarter. Ninety One UK Ltd bought a new position in shares of Perpetua Resources during the fourth quarter valued at $1,693,000. Finally, Jane Street Group LLC boosted its position in Perpetua Resources by 4.3% in the third 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 in the last quarter. 70.07% of the stock is owned by institutional investors and hedge funds.

Perpetua Resources Price Performance

NASDAQ:PPTA traded down $0.02 during mid-day trading on Wednesday, reaching $13.24. The stock had a trading volume of 128,854 shares, compared to its average volume of 993,968. The stock has a market capitalization of $935.15 million, a PE ratio of -60.14 and a beta of 0.12. Perpetua Resources Corp. has a 12 month low of $4.96 and a 12 month high of $13.81. The stock has a 50-day simple moving average of $10.20 and a two-hundred day simple moving average of $10.54.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on PPTA shares. National Bank Financial raised shares of Perpetua Resources to a "strong-buy" rating in a research note on Friday, March 21st. National Bankshares reiterated an "outperform" rating on shares of Perpetua Resources in a report on Wednesday, April 2nd. HC Wainwright lifted their target price on Perpetua Resources from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, March 21st. Finally, Roth Mkm increased their price target 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.

Insider Activity

In related news, Director Robert Alan Dean bought 5,000 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average cost of $8.32 per share, for a total transaction of $41,600.00. Following the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at $83,200. The trade was a 100.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alan Douglas Haslam sold 10,400 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $9.24, for a total transaction of $96,096.00. Following the sale, the insider now owns 65,763 shares of the company's stock, valued at approximately $607,650.12. This represents a 13.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 20,230 shares of company stock worth $166,582 and sold 53,110 shares worth $516,398. 1.90% of the stock is currently owned by company insiders.

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.