Rothschild Investment LLC Makes New Investment in Perpetua Resources Corp. (NASDAQ:PPTA)

Rothschild Investment LLC bought a new position in Perpetua Resources Corp. (NASDAQ:PPTA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,040 shares of the company’s stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Fourth Sail Capital LP bought a new position in Perpetua Resources in the 3rd quarter worth approximately $10,405,000. State Street Corp grew its stake 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 purchasing an additional 48,220 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Perpetua Resources by 0.5% in the third quarter. Geode Capital Management LLC now owns 484,829 shares of the company’s stock worth $4,533,000 after purchasing an additional 2,252 shares in the last quarter. Ninety One UK Ltd bought a new position in shares of Perpetua Resources in the fourth quarter worth $1,693,000. Finally, Barclays PLC grew its position in Perpetua Resources by 63.4% in the 3rd quarter. Barclays PLC now owns 74,119 shares of the company’s stock valued at $694,000 after buying an additional 28,746 shares in the last quarter. 70.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PPTA. Roth Mkm increased their target price on shares of Perpetua Resources from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. HC Wainwright increased their price objective 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.

Perpetua Resources Stock Up 1.6 %

Shares of PPTA stock opened at $8.16 on Wednesday. The stock has a 50-day simple moving average of $11.30 and a 200 day simple moving average of $10.13. Perpetua Resources Corp. has a fifty-two week low of $2.69 and a fifty-two week high of $13.23. The stock has a market capitalization of $573.98 million, a P/E ratio of -37.09 and a beta of 0.20.

Insider Activity

In other news, insider Alan Douglas Haslam sold 10,400 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $9.24, for a total transaction of $96,096.00. Following the completion of the transaction, the insider now owns 65,763 shares in the company, valued at approximately $607,650.12. This trade represents a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert Alan Dean bought 5,000 shares of Perpetua Resources stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average price of $8.32 per share, with a total value of $41,600.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $83,200. This represents a 100.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.

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.