Monaco Asset Management SAM Sells 772,751 Shares of Perpetua Resources Corp. $PPTA

Monaco Asset Management SAM trimmed its position in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 74.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 270,249 shares of the company’s stock after selling 772,751 shares during the quarter. Perpetua Resources accounts for approximately 0.3% of Monaco Asset Management SAM’s holdings, making the stock its 18th largest position. Monaco Asset Management SAM owned approximately 0.22% of Perpetua Resources worth $5,467,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PPTA. AQR Capital Management LLC increased its position in Perpetua Resources by 12.6% during the first quarter. AQR Capital Management LLC now owns 15,909 shares of the company’s stock valued at $170,000 after acquiring an additional 1,780 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Perpetua Resources by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,958 shares of the company’s stock valued at $672,000 after purchasing an additional 2,680 shares during the last quarter. Millennium Management LLC increased its position in shares of Perpetua Resources by 219.0% during the 1st quarter. Millennium Management LLC now owns 1,181,899 shares of the company’s stock valued at $12,634,000 after purchasing an additional 811,363 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Perpetua Resources by 1.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 108,921 shares of the company’s stock worth $1,164,000 after purchasing an additional 1,835 shares during the period. Finally, Ethic Inc. boosted its holdings in shares of Perpetua Resources by 87.5% in the second quarter. Ethic Inc. now owns 26,364 shares of the company’s stock worth $313,000 after buying an additional 12,303 shares during the last quarter. 70.07% of the stock is currently owned by hedge funds and other institutional investors.

Perpetua Resources Price Performance

Shares of PPTA stock opened at $30.18 on Friday. Perpetua Resources Corp. has a one year low of $7.81 and a one year high of $35.97. The company’s fifty day moving average price is $28.99 and its 200-day moving average price is $24.12. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of -60.36 and a beta of 0.03.

Insiders Place Their Bets

In related news, Director Jeffrey L. Malmen sold 10,181 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $26.34, for a total transaction of $268,167.54. Following the completion of the sale, the director owned 19,319 shares in the company, valued at approximately $508,862.46. This trade represents a 34.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Alan Dean sold 6,490 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $27.55, for a total value of $178,799.50. Following the completion of the transaction, the director directly owned 23,510 shares in the company, valued at approximately $647,700.50. This represents a 21.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 121,739 shares of company stock worth $3,289,604. 1.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on PPTA shares. BMO Capital Markets set a $44.00 target price on shares of Perpetua Resources in a report on Tuesday, October 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a research note on Thursday, January 22nd. HC Wainwright raised their target price on Perpetua Resources from $30.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, B. Riley Financial reissued a “buy” rating on shares of Perpetua Resources in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

About Perpetua Resources

Perpetua Resources Inc (NASDAQ: PPTA), formerly known as eCobalt Solutions Inc, is a mineral exploration and development company focused on critical metals that support the global clean-energy transition. The company’s primary objective is to advance its flagship Idaho Cobalt Project, a permitted underground mine located near Stibnite, Idaho. This project is designed to produce cobalt, copper, gold and silver, with an emphasis on providing responsibly sourced materials to North American battery and technology markets.

In addition to its Idaho Cobalt Project, Perpetua Resources holds exploration licenses and mineral tenures across the United States and Canada.