Connor Clark & Lunn Investment Management Ltd. Invests $1.31 Million in Perpetua Resources Corp. (NASDAQ:PPTA)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Perpetua Resources Corp. (NASDAQ:PPTA) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 122,500 shares of the company’s stock, valued at approximately $1,307,000.

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

Perpetua Resources Trading Up 3.5 %

NASDAQ PPTA opened at $11.15 on Thursday. The company has a market cap of $784.30 million, a P/E ratio of -50.68 and a beta of 0.27. The company has a fifty day simple moving average of $10.59 and a 200 day simple moving average of $10.23. Perpetua Resources Corp. has a 12-month low of $3.88 and a 12-month high of $13.23.

Perpetua Resources (NASDAQ:PPTA) last issued its quarterly earnings data on Tuesday, March 25th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. Sell-side analysts predict that Perpetua Resources Corp. will post -0.21 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on PPTA. Roth Mkm upped their price objective 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. HC Wainwright boosted their target price on Perpetua Resources from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th.

Insider Buying and Selling at Perpetua Resources

In other Perpetua Resources news, insider Mckinsey Margaret Lyon sold 22,710 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $8.82, for a total transaction of $200,302.20. Following the transaction, the insider now directly owns 89,154 shares in the company, valued at approximately $786,338.28. This trade represents a 20.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richie Darrin Haddock bought 5,780 shares of Perpetua Resources stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of $8.56 per share, with a total value of $49,476.80. Following the purchase, the director now owns 5,780 shares in the company, valued at approximately $49,476.80. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 20,230 shares of company stock worth $166,582. Insiders own 1.90% of the company’s stock.

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.