Krilogy Financial LLC Trims Stock Position in Perpetua Resources Corp. $PPTA

Krilogy Financial LLC cut its stake in Perpetua Resources Corp. (NASDAQ:PPTA) by 8.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 748,497 shares of the company’s stock after selling 73,417 shares during the quarter. Krilogy Financial LLC owned about 0.61% of Perpetua Resources worth $16,033,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC purchased a new position in shares of Perpetua Resources during the second quarter valued at about $31,000. Private Trust Co. NA bought a new stake in Perpetua Resources during the 3rd quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Perpetua Resources during the 2nd quarter worth approximately $39,000. Farther Finance Advisors LLC bought a new position in shares of Perpetua Resources in the 3rd quarter worth approximately $52,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Perpetua Resources by 50.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,751 shares of the company’s stock valued at $58,000 after purchasing an additional 925 shares during the period. 70.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PPTA shares. B. Riley Financial reaffirmed a “buy” rating on shares of Perpetua Resources in a research note on Thursday, October 30th. BMO Capital Markets set a $44.00 price target on shares of Perpetua Resources in a research report on Tuesday, October 28th. Roth Mkm set a $32.00 price objective on shares of Perpetua Resources and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Zacks Research upgraded shares of Perpetua Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $32.50.

Insiders Place Their Bets

In related news, insider Mckinsey Margaret Lyon sold 32,490 shares of Perpetua Resources stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $26.61, for a total value of $864,558.90. Following the completion of the sale, the insider directly owned 96,664 shares in the company, valued at approximately $2,572,229.04. This trade represents a 25.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Alan Dean sold 2,400 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $27.14, for a total transaction of $65,136.00. Following the transaction, the director owned 22,302 shares in the company, valued at $605,276.28. This represents a 9.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 78,017 shares of company stock worth $2,084,188 in the last 90 days. 1.90% of the stock is currently owned by company insiders.

Perpetua Resources Stock Performance

Shares of Perpetua Resources stock opened at $29.58 on Wednesday. The company has a 50-day simple moving average of $28.56 and a two-hundred day simple moving average of $23.48. The stock has a market capitalization of $3.67 billion, a PE ratio of -59.16 and a beta of 0.03. Perpetua Resources Corp. has a 52-week low of $7.81 and a 52-week high of $35.97.

Perpetua Resources (NASDAQ:PPTA) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.23). As a group, equities research analysts forecast that Perpetua Resources Corp. will post -0.21 EPS for the current fiscal year.

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.