SG Americas Securities LLC Invests $761,000 in Perpetua Resources Corp. $PPTA

SG Americas Securities LLC acquired a new stake in Perpetua Resources Corp. (NASDAQ:PPTA) during the first quarter, according to its most recent filing with the SEC. The firm acquired 27,047 shares of the company’s stock, valued at approximately $761,000.

Other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC purchased a new stake in Perpetua Resources during the fourth quarter worth about $31,000. UMB Bank n.a. purchased a new position in Perpetua Resources in the fourth quarter valued at about $36,000. Kestra Advisory Services LLC acquired a new stake in shares of Perpetua Resources during the 4th quarter valued at approximately $40,000. Aventura Private Wealth LLC purchased a new stake in shares of Perpetua Resources during the 4th quarter worth approximately $48,000. Finally, Pilgrim Partners Asia Pte Ltd grew its holdings in shares of Perpetua Resources by 225.0% in the 4th quarter. Pilgrim Partners Asia Pte Ltd now owns 2,600 shares of the company’s stock worth $63,000 after acquiring an additional 1,800 shares during the period. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Perpetua Resources Price Performance

PPTA opened at $20.58 on Tuesday. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -15.64 and a beta of 0.05. The business has a 50-day moving average of $25.42 and a two-hundred day moving average of $28.23. Perpetua Resources Corp. has a 12 month low of $12.20 and a 12 month high of $37.37.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. B. Riley Financial lifted their price objective on Perpetua Resources from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Zacks Research upgraded shares of Perpetua Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a research note on Tuesday, April 21st. Finally, HC Wainwright upped their target price 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. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Perpetua Resources has a consensus rating of “Moderate Buy” and an average price target of $35.42.

Perpetua Resources Company Profile

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.