Perpetua Resources
Perpetua Resources announced in a press release from November 20, 2023, that it had released its financial results for Q3 of 2023, and indicated several highlights for the company, including no environmental spills, a closing worth US$24.8 million, and a settlement with the Nez Perce tribe.
Mike Niehuser reviewed the company on August 30, 2023, and rated it as a “buy” for potential investors, and named a target share price of US$7.25, representing a potential return on investment of 129%.
The company has several catalysts to report, including permitting and financing for 2024, as well as completing a Record of Decision, and restoration efforts expected to start in 2027.
Reuters provided a breakdown of the company’s ownership and share structure, where management and insiders own 0.37% of the company. According to Reuters, Jessica Marie Largent owns 0.09% of the company with 0.06 million shares, Christopher James Robinson owns 0.08% of the company with 0.05 million shares, Laurel Sayers owns 0.08% of the company with 0.05 million shares, Alan Douglas Haslam owns 0.05% of the company with 0.03 million shares, David L. Deisley owns 0.02% of the company with 0.01 million shares, L. Michael Bogert owns 0.02% of the company with 0.01 million shares, Lyon Mckinsey Margaret owns 0.01% of the company with 0.01 million shares, Robert Alan Dean owns 0.01% of the company with 0.01 million shares, and Tanya Dawn owns 0.01% of the company with less than 0.01 million shares.
Reuters reports that institutions own approximately 66.1% of the company, as Paulson & Co. Inc. owns 39.15% of the company with 24.77 million shares, Kopernick Global Investors, LLC, owns 8.30% of the company with 5.25 million shares, Sun Valley Gold, LLC, owns 7.51% of the company with 4.75 million shares, BlackRock Institutional Trust Company, N.A. owns 2.57% of the company with 1.63 million shares, Krilogy Financial LLC owns 2.38% of the company with 1.51 million shares, B. Riley Financial, Inc., owns 2.32% of the company with 1.47 million shares, Eidelman Virant Capital owns 1.51% of the company with 0.96 million shares, Franklin Advisers, Inc. owns 0.86% of the company with 0.54 million shares, Russell Investments Trust Company owns 0.76% of the company with 0.48 million shares, and Earth Resource Investment Group own 0.74% of the company with 0.47 million shares.
According to Reuters, there are 63.27 million shares outstanding with 63.04 million free float traded shares, while the company has a market cap of CA$217.69 million and trades in the 52 week period between CA$3.32 and CA$7.32.
Strikepoint Gold
On November 17, 2023, Strikepoint Gold Inc. was included in a list of four stocks beneficial for investors as the gold market does well. The list cited the company’s find on the Walker Lane gold trend, the company’s plan for follow up drilling on the property.
Technical Analyst Clive Maund reviewed the company in September of 2022, and rated the company as “an immediate speculative buy” for potential investors. Maund commented “it has already broken out of the countertrend Flag by moving sideways over the past week or two. So, it looks like it will get moving anytime now and especially when the pressure comes off the sector.”
According to the company’s investor presentation, there are a number of catalysts, including geophysical studies, permitting, and drilling planned for the Cuprite Project.
Reuters provided a breakdown of the company’s ownership and share structure, where management and insiders own approximately 0.86% of the company. According to Reuters, Shawn Khunkhun owns 0.55% of the company with 1.17 million shares, Michael G. Allen owns 0.14% of the company with 0.30 million shares, Ian Richard Harris owns 0.13% of the company with 0.28 million shares, Adrian Wallace Fleming owns 0.04% million shares with 0.08 million shares.
Reuters reports that institutions own approximately 16.42% of the company, as 2176423 Ontario, Ltd. owns 13.96% of the company with 29.84 million shares, U.S. Global Investors, Inc. owns 1.29% of the company with 2.75 million shares, and Sprott Asset Management LP owns 1.17% of the company with 2.50 million shares.
According to Reuters, there are 213.78 million shares outstanding with 182.1 million free float traded shares, while the company has a market cap of CA$7.29 million shares and trades in the 52 week period between CA$0.04 and CA$0.10.
Dakota Gold
Dakota Gold Corp. announced in a press release on November 24, 2023, that it had intercepted high grades on the Richmond Hill Gold Project. The company reported that it had found 0.575 ounces per ton of gold within an overarching intercept of 0.249 ounces per ton of gold.
Peter Bell of Canaccord Genuity reviewed the company in August of 2023, and rated the company as a “speculative buy” for investors and named a target share price of US$2.96 per share with a potential return on investment of 86%.
As for catalysts, the company reported that it planned on releasing further results in 2024, along with follow up drilling that it expected to yield even more exceptional results.
Reuters provided a breakdown of the company’s ownership and share structure, where management and insiders own approximately 20.43%. According to Reuters, Robert A. Quartermain owns 8.46% of the company with 7.34 million shares, Jonathan T. Awde owns 7.13% of the company with 6.18 million shares, and Gerald Michael Aberle owns 4.84% of the company with 4.20 million shares.
Reuters reports that institutions own 23.38% of the company, as Fourth Sail Capital LP owns 5.33% of the company with 4.62 million shares, while Van Eck Associates Corporation owns 3.50% of the company with 3.04 million shares, BlackRock Institutional Trust Company, N.A., owns 3.38% of the company with 2.93 million shares, The Vanguard Group, Inc. owns 3.06% of the company with 2.66 million shares, Fidelity Management & Research Company LLC owns 2.89% of the company with 2.50 million shares, CI Global Asset Management owns 2.80% of the company with 2.43 million shares, and 1832 Asset Management L.P. owns 2.42% of the company with 2.10 million shares.
According to Reuters, there are 86.74 million shares outstanding with 67.47 million free float traded shares, while the company has a market cap of CA$242.87 million.
Emerita Resources
Emerita Resources recently announced that it had drilling results from the La Romanera deposit of its Iberian Belt West project, where the company intersected as much as 0.96 grams per tonne of gold, and 17.7 grams per tonne of silver. Reaching the end of 2023, Joaquin Merino, the President said “This has been a watershed year for the company and the development of the IBW project.”
Varun Arora of Clarus Securities reviewed the company in June of 2023, and rated the company as a “speculative buy” with a target share price of CA$0.53, and a potential return on investment of 349%.
The company’s investor presentation revealed a number of catalysts, including ongoing drilling at Nuevo Tintillo and La Romanera, and updates for the company’s MRE and PEA.
Reuters provided a breakdown of the company’s ownership and share structure, where management and insiders own 5.78%. According to Reuters, Michael Lawrence Guy owns 1.90% of the company with 4.32 million shares, David Patrick Gower owns 1.22% of the company with 2.76 million shares, Joaquin Merino-Marquez owns 0.92% of the company with 2.09 million shares, Catherine Stretch owns 0.70% of the company with 1.60 million shares, Marilia Bento owns 0.44% of the company with 1.00 million shares, Gregory Duras owns 0.29% of the company with 0.65 million shares, Damian J.D. Lopez owns 0.20% of the company with 0.46 million shares, and Ian T. Parkinson owns 0.11% of the company with 0.25 million shares.
Reuters reports that institutions own 1.30% of the company, as Merk Investments LLC owns 1.21% of the company with 2.75 million shares, and Palos Management Inc. owns 0.09% of the company with 0.20 million shares.
According to Reuters, there are 227.32 million shares outstanding with 214.13 million free float traded shares, while the company has a market cap of CA$96.48 million and trades in the 52 week period between CA$0.26 and CA$1.03.
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