FNY Investment Advisers LLC Decreases Stock Position in Perpetua Resources Corp. $PPTA

FNY Investment Advisers LLC cut its position in Perpetua Resources Corp. (NASDAQ:PPTA) by 97.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,000 shares of the company’s stock after selling 112,800 shares during the period. FNY Investment Advisers LLC’s holdings in Perpetua Resources were worth $60,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA purchased a new stake in shares of Perpetua Resources during the third quarter worth $35,000. Steward Partners Investment Advisory LLC acquired a new position in Perpetua Resources during the second quarter worth about $31,000. Farther Finance Advisors LLC purchased a new stake in Perpetua Resources during the 3rd quarter valued at about $52,000. Jones Financial Companies Lllp grew its stake in Perpetua Resources by 50.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,751 shares of the company’s stock valued at $58,000 after acquiring an additional 925 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in Perpetua Resources by 519.6% in the 3rd quarter. Harbor Investment Advisory LLC now owns 3,098 shares of the company’s stock valued at $63,000 after acquiring an additional 2,598 shares during the last quarter. 70.07% of the stock is owned by institutional investors and hedge funds.

Perpetua Resources Stock Down 6.1%

NASDAQ:PPTA opened at $24.99 on Friday. Perpetua Resources Corp. has a 52 week low of $8.84 and a 52 week high of $37.37. The stock’s fifty day moving average is $31.12 and its two-hundred day moving average is $26.16. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of -49.98 and a beta of -0.03.

Insider Transactions at Perpetua Resources

In related news, Director Jeffrey L. Malmen sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $26.57, for a total value of $132,850.00. Following the sale, the director owned 14,319 shares in the company, valued at approximately $380,455.83. The trade was a 25.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexander Mcleod Sternhell sold 3,000 shares of the stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $29.09, for a total value of $87,270.00. Following the transaction, the director directly owned 16,352 shares in the company, valued at approximately $475,679.68. The trade was a 15.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 121,739 shares of company stock worth $3,289,604 over the last quarter. 1.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

PPTA has been the topic of a number of research reports. HC Wainwright raised their target price on shares of Perpetua Resources from $30.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. B. Riley Financial upped their price target on Perpetua Resources from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perpetua Resources in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.