Nkcfo LLC Cuts Position in Perpetua Resources Corp. (NASDAQ:PPTA)

Nkcfo LLC lowered its position in Perpetua Resources Corp. (NASDAQ:PPTA) by 55.6% in the fourth quarter, Holdings Channel reports. The fund owned 20,000 shares of the company’s stock after selling 25,000 shares during the period. Nkcfo LLC’s holdings in Perpetua Resources were worth $213,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Continuum Advisory LLC raised its holdings in shares of Perpetua Resources by 500.0% in the 3rd quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock valued at $44,000 after purchasing an additional 4,000 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Perpetua Resources in the third quarter valued at $98,000. Quantbot Technologies LP acquired a new stake in Perpetua Resources in the third quarter valued at $123,000. SG Americas Securities LLC acquired a new position in shares of Perpetua Resources during the 3rd quarter worth about $125,000. Finally, U S Global Investors Inc. acquired a new position in shares of Perpetua Resources during the 3rd quarter worth about $234,000. Institutional investors and hedge funds own 70.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PPTA. Roth Mkm boosted their target price on Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. HC Wainwright raised their price objective on shares of Perpetua Resources from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th.

Perpetua Resources Stock Down 22.4 %

Shares of PPTA stock opened at $9.29 on Friday. Perpetua Resources Corp. has a 1 year low of $2.69 and a 1 year high of $13.23. The stock’s 50-day moving average is $11.78 and its two-hundred day moving average is $9.96.

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.