Fourth Sail Capital LP Acquires Shares of 1,112,783 Perpetua Resources Corp. (NASDAQ:PPTA)

Fourth Sail Capital LP bought a new position in Perpetua Resources Corp. (NASDAQ:PPTA) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,112,783 shares of the company’s stock, valued at approximately $10,405,000. Perpetua Resources accounts for approximately 2.6% of Fourth Sail Capital LP’s holdings, making the stock its 15th biggest position. Fourth Sail Capital LP owned approximately 1.67% of Perpetua Resources at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. boosted its position in shares of Perpetua Resources by 1.6% in the first quarter. Russell Investments Group Ltd. now owns 581,600 shares of the company’s stock worth $2,419,000 after buying an additional 8,985 shares during the period. M&G Plc purchased a new position in Perpetua Resources during the 1st quarter valued at about $805,000. Herr Investment Group LLC acquired a new position in shares of Perpetua Resources in the 1st quarter valued at about $5,701,000. Nokomis Capital L.L.C. purchased a new stake in shares of Perpetua Resources in the first quarter worth approximately $406,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Perpetua Resources during the first quarter worth approximately $51,000. Institutional investors and hedge funds own 70.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on PPTA. Roth Mkm upped their price objective on shares of Perpetua Resources from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. HC Wainwright upped their price target on shares of Perpetua Resources from $13.25 to $22.00 and gave the stock a “buy” rating in a research note on Friday. Finally, National Bank Financial started coverage on Perpetua Resources in a research report on Friday, September 6th. They set an “outperform” rating for the company.

Insiders Place Their Bets

In related news, insider Alan Douglas Haslam sold 40,000 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $10.07, for a total transaction of $402,800.00. Following the completion of the sale, the insider now directly owns 65,571 shares of the company’s stock, valued at approximately $660,299.97. This represents a 37.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Perpetua Resources Stock Up 16.5 %

NASDAQ PPTA opened at $10.60 on Monday. The company has a 50 day moving average price of $9.41 and a two-hundred day moving average price of $7.56. Perpetua Resources Corp. has a 12-month low of $2.69 and a 12-month high of $10.75. The stock has a market capitalization of $705.64 million, a PE ratio of -48.18 and a beta of 0.27.

About Perpetua Resources

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.