BNP Paribas Financial Markets Has $9.89 Million Stock Position in Perpetua Resources Corp. $PPTA

BNP Paribas Financial Markets raised its holdings in Perpetua Resources Corp. (NASDAQ:PPTA) by 2,016.3% in the 4th quarter, HoldingsChannel reports. The fund owned 408,335 shares of the company’s stock after acquiring an additional 389,040 shares during the period. BNP Paribas Financial Markets’ holdings in Perpetua Resources were worth $9,886,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PPTA. Alyeska Investment Group L.P. increased its position in Perpetua Resources by 40.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 4,581,234 shares of the company’s stock valued at $92,678,000 after acquiring an additional 1,318,008 shares during the period. Vanguard Group Inc. increased its position in shares of Perpetua Resources by 65.1% during the fourth quarter. Vanguard Group Inc. now owns 3,157,670 shares of the company’s stock worth $76,447,000 after buying an additional 1,245,630 shares during the period. Van ECK Associates Corp boosted its stake in Perpetua Resources by 53.4% during the third quarter. Van ECK Associates Corp now owns 2,840,546 shares of the company’s stock worth $57,464,000 after acquiring an additional 989,090 shares in the last quarter. Millennium Management LLC boosted its stake in Perpetua Resources by 219.0% during the first quarter. Millennium Management LLC now owns 1,181,899 shares of the company’s stock worth $12,634,000 after acquiring an additional 811,363 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Perpetua Resources during the fourth quarter worth $19,426,000. 70.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Perpetua Resources

In related news, insider Jonathan Cherry sold 4,079 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $29.31, for a total transaction of $119,555.49. Following the transaction, the insider directly owned 44,895 shares of the company’s stock, valued at $1,315,872.45. This trade represents a 8.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mckinsey Margaret Lyon sold 8,699 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $29.53, for a total transaction of $256,881.47. Following the transaction, the insider directly owned 142,329 shares in the company, valued at $4,202,975.37. The trade was a 5.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is owned by company insiders.

Perpetua Resources Trading Up 1.1%

Perpetua Resources stock opened at $22.91 on Tuesday. Perpetua Resources Corp. has a 1-year low of $11.68 and a 1-year high of $37.37. The firm has a market capitalization of $2.86 billion and a price-to-earnings ratio of -17.36. The firm’s fifty day moving average price is $28.37 and its two-hundred day moving average price is $28.61.

Perpetua Resources (NASDAQ:PPTA) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.21). On average, research analysts forecast that Perpetua Resources Corp. will post -1.42 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Zacks Research lowered shares of Perpetua Resources from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. HC Wainwright increased their target price on shares of Perpetua Resources from $41.00 to $43.50 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. B. Riley Financial increased their target price on shares of Perpetua Resources from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a research note on Tuesday, April 21st. Six analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.42.

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.