811,177 Shares in Perpetua Resources Corp. $PPTA Purchased by Capital World Investors

Capital World Investors acquired a new position in Perpetua Resources Corp. (NASDAQ:PPTA) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 811,177 shares of the company’s stock, valued at approximately $19,639,000. Capital World Investors owned 0.65% of Perpetua Resources as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. TD Asset Management Inc acquired a new stake in Perpetua Resources in the third quarter worth about $2,648,000. Hohimer Wealth Management LLC acquired a new stake in Perpetua Resources in the 3rd quarter valued at about $1,812,000. Citigroup Inc. lifted its holdings in Perpetua Resources by 462.8% in the 3rd quarter. Citigroup Inc. now owns 157,599 shares of the company’s stock valued at $3,190,000 after acquiring an additional 129,594 shares during the last quarter. Lombard Odier Asset Management USA Corp acquired a new stake in Perpetua Resources in the 3rd quarter valued at about $1,806,000. Finally, Accordant Advisory Group Inc acquired a new stake in Perpetua Resources in the 4th quarter valued at about $1,640,000. Institutional investors and hedge funds own 70.07% of the company’s stock.

Perpetua Resources Trading Down 1.1%

NASDAQ PPTA opened at $22.66 on Wednesday. The stock’s 50-day moving average price is $28.30 and its two-hundred day moving average price is $28.60. The company has a market cap of $2.83 billion and a PE ratio of -17.17. Perpetua Resources Corp. has a 1 year low of $11.68 and a 1 year high of $37.37.

Perpetua Resources (NASDAQ:PPTA) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.21). Research analysts forecast that Perpetua Resources Corp. will post -1.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. HC Wainwright upped their price target on shares of Perpetua Resources from $41.00 to $43.50 and gave the company a “buy” rating in a report on Tuesday, May 26th. B. Riley Financial upped their price target on shares of Perpetua Resources from $30.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. Zacks Research downgraded shares of Perpetua Resources from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a report on Tuesday, April 21st. Six research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Perpetua Resources has an average rating of “Moderate Buy” and a consensus price target of $35.42.

Insider Activity

In other Perpetua Resources 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 transaction of $256,881.47. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the insider owned 44,895 shares in the company, valued at approximately $1,315,872.45. The trade was a 8.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.57% of the stock is currently owned by insiders.

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.