U S Global Investors Inc. Raises Stock Holdings in Perpetua Resources Corp. (NASDAQ:PPTA)

U S Global Investors Inc. raised its stake in Perpetua Resources Corp. (NASDAQ:PPTA) by 20.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the company’s stock after buying an additional 5,000 shares during the quarter. U S Global Investors Inc.’s holdings in Perpetua Resources were worth $320,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Continuum Advisory LLC boosted its position in shares of Perpetua Resources by 500.0% during the 3rd quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock worth $44,000 after purchasing an additional 4,000 shares during the period. Intech Investment Management LLC acquired a new position in Perpetua Resources during the third quarter worth $98,000. Quantbot Technologies LP purchased a new position in shares of Perpetua Resources during the third quarter worth $123,000. Lane & Associates LLC boosted its position in shares of Perpetua Resources by 24.0% during the fourth quarter. Lane & Associates LLC now owns 15,987 shares of the company’s stock worth $189,000 after buying an additional 3,095 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Perpetua Resources by 48.1% in the fourth quarter. SG Americas Securities LLC now owns 19,870 shares of the company’s stock valued at $212,000 after buying an additional 6,454 shares in the last quarter. 70.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Perpetua Resources

In other news, Director Richie Darrin Haddock acquired 5,780 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $8.56 per share, with a total value of $49,476.80. Following the transaction, the director now owns 5,780 shares in the company, valued at approximately $49,476.80. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Alan Dean acquired 5,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were purchased at an average cost of $8.32 per share, with a total value of $41,600.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $83,200. The trade was a 100.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 20,230 shares of company stock valued at $166,582 in the last quarter. Corporate insiders own 1.90% of the company’s stock.

Perpetua Resources Trading Down 3.2 %

Shares of NASDAQ PPTA opened at $8.26 on Friday. Perpetua Resources Corp. has a 12-month low of $2.69 and a 12-month high of $13.23. The stock has a market cap of $581.02 million, a P/E ratio of -37.55 and a beta of 0.20. The business’s fifty day simple moving average is $11.17 and its 200-day simple moving average is $10.11.

Analysts Set New Price Targets

Several research firms recently issued reports on PPTA. HC Wainwright increased their target price on 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 increased their price target on shares of 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 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.