Squarepoint Ops LLC Has $2.21 Million Stock Holdings in Perpetua Resources Corp. $PPTA

Squarepoint Ops LLC trimmed its stake in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 26.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 106,414 shares of the company’s stock after selling 38,507 shares during the quarter. Squarepoint Ops LLC’s holdings in Perpetua Resources were worth $2,209,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Paulson & CO. Inc. purchased a new position in Perpetua Resources in the 2nd quarter worth about $671,530,000. BlackRock Inc. purchased a new stake in Perpetua Resources during the second quarter valued at about $110,181,000. California State Teachers Retirement System lifted its stake in Perpetua Resources by 1,916.0% during the second quarter. California State Teachers Retirement System now owns 2,064,893 shares of the company’s stock valued at $42,867,000 after buying an additional 1,962,467 shares in the last quarter. Amundi boosted its holdings in shares of Perpetua Resources by 37.3% in the first quarter. Amundi now owns 1,384,758 shares of the company’s stock worth $38,939,000 after buying an additional 375,962 shares during the period. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of Perpetua Resources by 363.4% in the second quarter. Alyeska Investment Group L.P. now owns 1,099,408 shares of the company’s stock worth $22,824,000 after buying an additional 862,143 shares during the period. Institutional investors and hedge funds own 70.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on PPTA. B. Riley Financial assumed coverage on shares of Perpetua Resources in a research report on Monday, August 3rd. They issued a “buy” rating and a $30.00 target price on the stock. Zacks Research raised shares of Perpetua Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Scotiabank began coverage on shares of Perpetua Resources in a research report on Tuesday, September 1st. They set a “sector outperform” rating on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Perpetua Resources in a research report on Friday, July 17th. Finally, HC Wainwright reissued a “buy” rating and set a $43.50 target price on shares of Perpetua Resources in a research note on Tuesday, August 18th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Perpetua Resources has a consensus rating of “Moderate Buy” and a consensus target price of $35.90.

Perpetua Resources Trading Down 4.6%

Shares of NASDAQ PPTA opened at $22.55 on Tuesday. Perpetua Resources Corp. has a one year low of $16.43 and a one year high of $37.37. The business has a 50-day moving average price of $22.14 and a two-hundred day moving average price of $25.75. The firm has a market capitalization of $2.82 billion, a PE ratio of -11.16 and a beta of 0.15.

Perpetua Resources (NASDAQ:PPTA) last issued its earnings results on Friday, August 14th. The company reported ($0.78) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.59). During the same quarter in the prior year, the business posted $0.08 earnings per share. Research analysts anticipate that Perpetua Resources Corp. will post -2.16 EPS for the current year.

Perpetua Resources Company Profile

Perpetua Resources Corp. is a mineral development company focused on advancing the Stibnite Gold Project in central Idaho. The project is designed to produce gold and antimony, a critical mineral used in defense applications, energy technologies, flame retardants and other industrial products. The company is pursuing the project through its U.S. subsidiary, Stibnite Gold Project LLC.

The Stibnite Gold Project is located in the historic Stibnite-Yellow Pine mining district. Perpetua’s activities include permitting, engineering, environmental studies and project development, as well as planning for the restoration of legacy environmental impacts associated with earlier mining in the area.