Perpetua Resources Corp. $PPTA Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in Perpetua Resources Corp. (NASDAQ:PPTA) by 65.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,157,670 shares of the company’s stock after purchasing an additional 1,245,630 shares during the period. Vanguard Group Inc. owned approximately 2.54% of Perpetua Resources worth $76,447,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PPTA. Aventura Private Wealth LLC purchased a new stake in shares of Perpetua Resources in the fourth quarter valued at approximately $48,000. Jones Financial Companies Lllp boosted its stake in shares of Perpetua Resources by 50.7% in the third quarter. Jones Financial Companies Lllp now owns 2,751 shares of the company’s stock valued at $58,000 after buying an additional 925 shares in the last quarter. Private Trust Co. NA boosted its position in Perpetua Resources by 71.4% during the fourth quarter. Private Trust Co. NA now owns 3,000 shares of the company’s stock worth $73,000 after purchasing an additional 1,250 shares in the last quarter. Harbor Investment Advisory LLC boosted its position in Perpetua Resources by 519.6% during the third quarter. Harbor Investment Advisory LLC now owns 3,098 shares of the company’s stock worth $63,000 after purchasing an additional 2,598 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Perpetua Resources by 21.0% during the fourth quarter. Farther Finance Advisors LLC now owns 3,123 shares of the company’s stock worth $76,000 after purchasing an additional 541 shares in the last quarter. Institutional investors and hedge funds own 70.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on PPTA. Zacks Research downgraded Perpetua Resources from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Perpetua Resources in a research report on Tuesday, April 21st. B. Riley Financial boosted their target price on Perpetua Resources from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Finally, HC Wainwright reiterated a “buy” rating and set a $41.00 target price on shares of Perpetua Resources in a research 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. Based on data from MarketBeat.com, Perpetua Resources presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Insider Buying and Selling at Perpetua Resources

In other news, insider Mckinsey Margaret Lyon sold 8,699 shares of the company’s stock in a transaction on 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 directly owned 142,329 shares in the company, valued at $4,202,975.37. This represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan Cherry sold 4,079 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $29.31, for a total value of $119,555.49. Following the completion of the sale, the insider owned 44,895 shares in the company, valued at $1,315,872.45. This represents a 8.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.57% of the stock is owned by corporate insiders.

Perpetua Resources Stock Performance

PPTA opened at $31.77 on Thursday. The business’s fifty day moving average is $29.70 and its two-hundred day moving average is $28.22. The company has a market cap of $3.97 billion, a price-to-earnings ratio of -24.07 and a beta of 0.02. Perpetua Resources Corp. has a one year low of $11.22 and a one year high of $37.37.

Perpetua Resources (NASDAQ:PPTA) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.21). On average, analysts predict that Perpetua Resources Corp. will post -1.56 EPS for the current fiscal year.

Perpetua Resources Company Profile

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.