FNY Investment Advisers LLC Acquires New Stake in Perpetua Resources Corp. $PPTA

FNY Investment Advisers LLC acquired a new stake in Perpetua Resources Corp. (NASDAQ:PPTA) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 115,800 shares of the company’s stock, valued at approximately $1,405,000.

Several other institutional investors have also bought and sold shares of the company. Harbour Investments Inc. lifted its stake in Perpetua Resources by 77.5% in the second quarter. Harbour Investments Inc. now owns 49,562 shares of the company’s stock valued at $602,000 after purchasing an additional 21,637 shares during the last quarter. U S Global Investors Inc. lifted its stake in Perpetua Resources by 66.7% in the second quarter. U S Global Investors Inc. now owns 50,000 shares of the company’s stock valued at $607,000 after purchasing an additional 20,000 shares during the last quarter. Clear Creek Financial Management LLC purchased a new position in Perpetua Resources in the second quarter valued at approximately $126,000. KLP Kapitalforvaltning AS lifted its stake in Perpetua Resources by 70.5% in the second quarter. KLP Kapitalforvaltning AS now owns 15,000 shares of the company’s stock valued at $182,000 after purchasing an additional 6,200 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new position in Perpetua Resources in the second quarter valued at approximately $121,000. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Insider Transactions at Perpetua Resources

In other Perpetua Resources news, insider Michael Stephen Wright sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $18.31, for a total transaction of $183,100.00. Following the sale, the insider owned 14,195 shares in the company, valued at $259,910.45. This trade represents a 41.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jonathan Cherry sold 14,911 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $23.72, for a total value of $353,688.92. Following the transaction, the insider directly owned 36,249 shares in the company, valued at $859,826.28. This trade represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

PPTA has been the topic of several research analyst reports. B. Riley upped their price objective on Perpetua Resources from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Zacks Research upgraded Perpetua Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Roth Capital restated a “buy” rating on shares of Perpetua Resources in a research report on Monday, September 22nd. UBS Group set a $30.00 target price on Perpetua Resources in a research report on Thursday, October 9th. Finally, BMO Capital Markets initiated coverage on Perpetua Resources in a research report on Tuesday, October 14th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Perpetua Resources has an average rating of “Buy” and an average price target of $25.40.

Perpetua Resources Stock Performance

Shares of PPTA stock opened at $23.71 on Wednesday. Perpetua Resources Corp. has a 52-week low of $7.81 and a 52-week high of $31.65. The company has a market capitalization of $2.55 billion, a PE ratio of -76.48 and a beta of 0.01. The business’s fifty day moving average is $20.14 and its 200 day moving average is $16.23.

Perpetua Resources (NASDAQ:PPTA) last released its quarterly earnings results on Wednesday, August 13th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. On average, sell-side analysts forecast that Perpetua Resources Corp. will post -0.21 EPS for the current fiscal year.

Perpetua Resources Profile

Perpetua Resources Corp. engages in the exploration and development of mineral properties in the United States. The company primarily explores for gold, silver, and antimony deposits. Its principal asset is the 100% owned Stibnite Gold project, which includes 1,672 unpatented lode claims, mill sites, and patented land holdings covering an area of approximately 11,548 hectares located in Valley County, Idaho.