Donald Smith & CO. Inc. Takes Position in Perpetua Resources Corp. (NASDAQ:PPTA)

Donald Smith & CO. Inc. purchased a new stake in Perpetua Resources Corp. (NASDAQ:PPTA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 315,000 shares of the company’s stock, valued at approximately $999,000. Donald Smith & CO. Inc. owned 0.49% of Perpetua Resources as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. IFP Advisors Inc raised its stake in Perpetua Resources by 50.0% during the 3rd quarter. IFP Advisors Inc now owns 30,000 shares of the company’s stock worth $98,000 after buying an additional 10,000 shares during the period. Barclays PLC raised its stake in Perpetua Resources by 18.0% during the 3rd quarter. Barclays PLC now owns 45,742 shares of the company’s stock worth $150,000 after buying an additional 6,972 shares during the period. B. Riley Financial Inc. raised its stake in Perpetua Resources by 19.3% during the 3rd quarter. B. Riley Financial Inc. now owns 1,465,751 shares of the company’s stock worth $4,778,000 after buying an additional 236,843 shares during the period. Finally, Krilogy Financial LLC raised its stake in Perpetua Resources by 10.7% during the 4th quarter. Krilogy Financial LLC now owns 1,667,340 shares of the company’s stock worth $5,285,000 after buying an additional 161,550 shares during the period. Institutional investors and hedge funds own 70.07% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Roth Mkm raised their price objective on Perpetua Resources from $7.25 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. HC Wainwright lifted their price target on Perpetua Resources from $10.00 to $10.50 and gave the company a “buy” rating in a research note on Thursday, March 28th.

Perpetua Resources Stock Performance

Shares of PPTA traded down $0.12 during midday trading on Monday, hitting $5.66. The stock had a trading volume of 153,831 shares, compared to its average volume of 186,254. The company has a 50 day simple moving average of $4.47 and a two-hundred day simple moving average of $3.67. Perpetua Resources Corp. has a twelve month low of $2.63 and a twelve month high of $6.91.

Perpetua Resources (NASDAQ:PPTA) last released its quarterly earnings results on Tuesday, March 26th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Equities analysts expect that Perpetua Resources Corp. will post -0.21 EPS for the current fiscal year.

Insider Activity

In other news, insider L Michael Bogert sold 21,500 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $6.22, for a total value of $133,730.00. Following the completion of the transaction, the insider now owns 25,479 shares in the company, valued at approximately $158,479.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by corporate insiders.

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.