2 weeks Ago By ABMN Staff
Rhumbline Advisers boosted its position in Perpetua Resources Corp. ( NASDAQ:PPTA – Free Report ) by 51.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission.
The fund owned 49,450 shares of the company’s stock after purchasing an additional 16,698 shares during the quarter. Rhumbline Advisers owned about 0.08% of Perpetua Resources worth $257,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD purchased a new stake in Perpetua Resources during the first quarter valued at about $51,000.
Flaharty Asset Management LLC bought a new stake in shares of Perpetua Resources in the 2nd quarter valued at approximately $70,000. Nokomis Capital L.L.
C. acquired a new stake in shares of Perpetua Resources during the first quarter worth $406,000. Bank of New York Mellon Corp lifted its holdings in Perpetua Resources by 20.
0% in the second quarter. Bank of New York Mellon Corp now owns 107,551 shares of the company’s stock worth $559,000 after acquiring an additional 17,954 shares during the last quarter. Finally, M&G Plc acquired a new position in Perpetua Resources during the 1st quarter valued at approximately $805,000.
70.07% of the stock is currently owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades Several research firms recently commented on PPTA.
National Bank Financial initiated coverage on Perpetua Resources in a research report on Friday, September 6th. They issued an “outperform” rating on the stock. HC Wainwright reaffirmed a “buy” rating and set a $13.
25 target price on shares of Perpetua Resources in a report on Thursday, August 22nd. Perpetua Resources Stock Down 6.0 % PPTA opened at $9.
53 on Friday. The firm has a market capitalization of $615.92 million, a P/E ratio of -35.
29 and a beta of 0.29. The stock’s 50 day moving average price is $7.
86 and its two-hundred day moving average price is $6.43. Perpetua Resources Corp.
has a 12-month low of $2.69 and a 12-month high of $10.19.
Perpetua Resources ( NASDAQ:PPTA – Get Free Report ) last released its quarterly earnings results on Friday, August 9th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.
08) by $0.02. As a group, analysts anticipate that Perpetua Resources Corp.
will post -0.21 earnings per share for the current year. Perpetua Resources Company Profile ( Free Report ) 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.
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