Donald Smith & CO. Inc. Buys Shares of 108,130 Perpetua Resources Corp. $PPTA

Donald Smith & CO. Inc. purchased a new position in shares of Perpetua Resources Corp. (NASDAQ:PPTA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 108,130 shares of the company’s stock, valued at approximately $2,245,000. Donald Smith & CO. Inc. owned approximately 0.09% of Perpetua Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Perpetua Resources in the second quarter valued at $110,181,000. Alyeska Investment Group L.P. increased its position in Perpetua Resources by 40.4% during the 3rd quarter. Alyeska Investment Group L.P. now owns 4,581,234 shares of the company’s stock worth $92,678,000 after purchasing an additional 1,318,008 shares in the last quarter. Vanguard Group Inc. raised its stake in Perpetua Resources by 65.1% in the 4th quarter. Vanguard Group Inc. now owns 3,157,670 shares of the company’s stock valued at $76,447,000 after purchasing an additional 1,245,630 shares during the last quarter. Van ECK Associates Corp raised its stake in Perpetua Resources by 3.0% in the 4th quarter. Van ECK Associates Corp now owns 2,925,672 shares of the company’s stock valued at $70,831,000 after purchasing an additional 85,126 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Perpetua Resources by 3,107.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,910,833 shares of the company’s stock valued at $70,471,000 after purchasing an additional 2,820,067 shares during the last quarter. 70.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PPTA shares. B. Riley Financial started coverage on shares of Perpetua Resources in a research note on Monday, August 3rd. They set a “buy” rating and a $30.00 price target on the stock. HC Wainwright reissued a “buy” rating and issued a $43.50 price objective on shares of Perpetua Resources in a research report on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a research note on Friday, July 17th. Finally, Zacks Research upgraded shares of Perpetua Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Perpetua Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.90.

Perpetua Resources Trading Up 2.6%

NASDAQ PPTA opened at $25.70 on Friday. The business’s 50-day moving average price is $21.41 and its 200 day moving average price is $26.25. Perpetua Resources Corp. has a twelve month low of $16.43 and a twelve month high of $37.37. The company has a market capitalization of $3.22 billion, a PE ratio of -12.72 and a beta of 0.09.

Perpetua Resources (NASDAQ:PPTA) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.59). During the same period in the previous year, the business earned $0.08 earnings per share. Equities analysts predict that Perpetua Resources Corp. will post -2.16 EPS for the current year.

Perpetua Resources Company 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. The company was formerly known as Midas Gold Corp. and changed its name to Perpetua Resources Corp.