Summit Wealth Group LLC Co. Purchases Shares of 17,926 Perpetua Resources Corp. $PPTA

Summit Wealth Group LLC Co. purchased a new stake in shares of Perpetua Resources Corp. (NASDAQ:PPTA) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 17,926 shares of the company’s stock, valued at approximately $434,000.

Several other hedge funds have also added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its holdings in Perpetua Resources by 21.0% during the 4th quarter. Farther Finance Advisors LLC now owns 3,123 shares of the company’s stock valued at $76,000 after purchasing an additional 541 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Perpetua Resources by 0.5% during the fourth quarter. Benjamin Edwards Inc. now owns 102,645 shares of the company’s stock worth $2,485,000 after buying an additional 543 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Perpetua Resources by 4.6% during the second quarter. Tower Research Capital LLC TRC now owns 15,872 shares of the company’s stock worth $193,000 after buying an additional 697 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Perpetua Resources by 50.7% during the third quarter. Jones Financial Companies Lllp now owns 2,751 shares of the company’s stock worth $58,000 after buying an additional 925 shares in the last quarter. Finally, Clear Creek Financial Management LLC lifted its holdings in shares of Perpetua Resources by 8.3% during the fourth quarter. Clear Creek Financial Management LLC now owns 15,136 shares of the company’s stock worth $366,000 after buying an additional 1,158 shares in the last quarter. Institutional investors and hedge funds own 70.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PPTA shares. B. Riley Financial lifted their target price on Perpetua Resources from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. HC Wainwright reissued a “buy” rating and set a $41.00 target price on shares of Perpetua Resources in a report on Wednesday, April 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a report on Tuesday, April 21st. Finally, Zacks Research downgraded Perpetua Resources from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 8th. Six investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Perpetua Resources has an average rating of “Moderate Buy” and an average price target of $35.00.

Perpetua Resources Stock Up 2.2%

Perpetua Resources stock opened at $31.77 on Thursday. Perpetua Resources Corp. has a 12-month low of $11.22 and a 12-month high of $37.37. The business’s 50-day moving average price is $29.70 and its two-hundred day moving average price is $28.22. The stock has a market cap of $3.97 billion, a PE ratio of -24.07 and a beta of 0.02.

Perpetua Resources (NASDAQ:PPTA) last released its earnings results on Monday, May 11th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.21). As a group, analysts expect that Perpetua Resources Corp. will post -1.56 earnings per share for the current year.

Insider Activity

In other news, insider Jonathan Cherry sold 4,079 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $29.31, for a total transaction of $119,555.49. Following the sale, the insider directly owned 44,895 shares in the company, valued at approximately $1,315,872.45. The trade was a 8.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mckinsey Margaret Lyon sold 8,699 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $29.53, for a total value of $256,881.47. Following the sale, the insider owned 142,329 shares in the company, valued at approximately $4,202,975.37. This trade represents a 5.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.57% of the company’s stock.

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.