GeoSphere Capital Management LLC Buys New Holdings in Perpetua Resources Corp. $PPTA

GeoSphere Capital Management LLC bought a new stake in Perpetua Resources Corp. (NASDAQ:PPTA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 50,000 shares of the company’s stock, valued at approximately $1,210,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aventura Private Wealth LLC acquired a new position in Perpetua Resources in the fourth quarter valued at $48,000. Jones Financial Companies Lllp lifted its stake 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 purchasing an additional 925 shares in the last quarter. Pilgrim Partners Asia Pte Ltd lifted its stake in shares of Perpetua Resources by 225.0% during the fourth quarter. Pilgrim Partners Asia Pte Ltd now owns 2,600 shares of the company’s stock worth $63,000 after purchasing an additional 1,800 shares in the last quarter. Private Trust Co. NA lifted its stake in shares of 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. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Perpetua Resources during the third quarter worth about $74,000. Institutional investors and hedge funds own 70.07% of the company’s stock.

Perpetua Resources Stock Performance

NASDAQ:PPTA opened at $25.32 on Monday. Perpetua Resources Corp. has a one year low of $11.68 and a one year high of $37.37. The business’s 50-day simple moving average is $28.88 and its 200 day simple moving average is $28.37. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of -19.18 and a beta of 0.02.

Perpetua Resources (NASDAQ:PPTA) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.21). On average, equities research analysts predict that Perpetua Resources Corp. will post -1.54 EPS for the current year.

Insider Activity

In related news, 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 transaction, the insider owned 142,329 shares in the company, valued at approximately $4,202,975.37. The trade was a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $119,555.49. Following the completion of the transaction, the insider owned 44,895 shares in the company, valued at approximately $1,315,872.45. This trade represents a 8.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. B. Riley Financial boosted their price objective on Perpetua Resources from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a research note on Tuesday, April 21st. HC Wainwright restated a “buy” rating and set a $41.00 price objective on shares of Perpetua Resources in a research note on Wednesday, April 8th. Finally, Zacks Research cut Perpetua Resources from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. Six analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Perpetua Resources presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

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.