U S Global Investors Inc. Makes New $234,000 Investment in Perpetua Resources Corp. (NASDAQ:PPTA)

U S Global Investors Inc. purchased a new position in Perpetua Resources Corp. (NASDAQ:PPTA) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 25,000 shares of the company’s stock, valued at approximately $234,000.

Other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. boosted its holdings in shares of Perpetua Resources by 1.6% during the 1st quarter. Russell Investments Group Ltd. now owns 581,600 shares of the company’s stock valued at $2,419,000 after purchasing an additional 8,985 shares during the last quarter. M&G Plc bought a new position in shares of Perpetua Resources during the 1st quarter valued at about $805,000. Herr Investment Group LLC bought 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 position in Perpetua Resources in the first quarter worth about $406,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in Perpetua Resources during the first quarter valued at approximately $51,000. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Perpetua Resources Trading Up 1.2 %

Shares of PPTA stock traded up $0.12 on Tuesday, reaching $10.50. 51,363 shares of the company’s stock were exchanged, compared to its average volume of 253,607. The company’s fifty day simple moving average is $8.88 and its 200 day simple moving average is $7.04. The stock has a market capitalization of $677.71 million, a PE ratio of -38.44 and a beta of 0.29. Perpetua Resources Corp. has a 52 week low of $2.69 and a 52 week high of $10.68.

Perpetua Resources (NASDAQ:PPTA) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. As a group, sell-side analysts predict that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. HC Wainwright reaffirmed a “buy” rating and issued a $13.25 price objective on shares of Perpetua Resources in a research note on Thursday, August 22nd. National Bank Financial assumed coverage on Perpetua Resources in a research note on Friday, September 6th. They issued an “outperform” rating for the company.

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.