JPMorgan Chase & Co. Reduces Stock Holdings in Perpetua Resources Corp. (NASDAQ:PPTA)

JPMorgan Chase & Co. reduced its position in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 65.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,861 shares of the company’s stock after selling 37,297 shares during the quarter. JPMorgan Chase & Co.’s holdings in Perpetua Resources were worth $212,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jane Street Group LLC grew its position in Perpetua Resources by 4.3% during the third quarter. Jane Street Group LLC now owns 63,527 shares of the company’s stock valued at $597,000 after buying an additional 2,605 shares during the period. Geode Capital Management LLC boosted its stake in shares of Perpetua Resources by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 484,829 shares of the company’s stock worth $4,533,000 after acquiring an additional 2,252 shares during the last quarter. Barclays PLC grew its position in shares of Perpetua Resources by 63.4% during the 3rd quarter. Barclays PLC now owns 74,119 shares of the company’s stock valued at $694,000 after acquiring an additional 28,746 shares during the period. Virtu Financial LLC increased its stake in shares of Perpetua Resources by 43.6% in the 3rd quarter. Virtu Financial LLC now owns 34,478 shares of the company’s stock worth $322,000 after purchasing an additional 10,463 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Perpetua Resources by 48.1% in the 4th quarter. SG Americas Securities LLC now owns 19,870 shares of the company’s stock worth $212,000 after purchasing an additional 6,454 shares during the period. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Wall Street Analyst Weigh In

PPTA has been the subject of several recent research reports. National Bank Financial raised Perpetua Resources to a “strong-buy” rating in a report on Friday, March 21st. Roth Mkm increased their target price on shares of Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. HC Wainwright raised their target price on shares of Perpetua Resources from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, March 21st. Finally, National Bankshares reiterated an “outperform” rating on shares of Perpetua Resources in a research report on Wednesday, April 2nd.

Insiders Place Their Bets

In other Perpetua Resources news, insider Michael Stephen Wright sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $13.85, for a total transaction of $90,025.00. Following the sale, the insider now owns 14,195 shares of the company’s stock, valued at approximately $196,600.75. The trade was a 31.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alan Douglas Haslam sold 10,400 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $9.24, for a total value of $96,096.00. Following the completion of the transaction, the insider now directly owns 65,763 shares in the company, valued at approximately $607,650.12. The trade was a 13.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 20,230 shares of company stock worth $166,582 and sold 59,610 shares worth $606,423. 1.50% of the stock is owned by company insiders.

Perpetua Resources Price Performance

Perpetua Resources stock opened at $14.51 on Friday. Perpetua Resources Corp. has a 1-year low of $4.96 and a 1-year high of $15.44. The company’s 50-day moving average is $11.19 and its 200 day moving average is $10.96. The firm has a market capitalization of $1.03 billion, a P/E ratio of -65.95 and a beta of 0.12.

Perpetua Resources (NASDAQ:PPTA) last posted its quarterly earnings results on Wednesday, March 19th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.03. Research analysts anticipate that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.

About Perpetua Resources

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.