Cantor Fitzgerald L. P. Has $1.03 Million Position in Perpetua Resources Corp. $PPTA

Cantor Fitzgerald L. P. raised its stake in Perpetua Resources Corp. (NASDAQ:PPTA) by 196.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,700 shares of the company’s stock after buying an additional 33,600 shares during the quarter. Cantor Fitzgerald L. P.’s holdings in Perpetua Resources were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Paulson & CO. Inc. lifted its holdings in Perpetua Resources by 30.6% during the second quarter. Paulson & CO. Inc. now owns 32,347,299 shares of the company’s stock worth $392,696,000 after acquiring an additional 7,575,757 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in Perpetua Resources by 40.4% during the 3rd quarter. Alyeska Investment Group L.P. now owns 4,581,234 shares of the company’s stock worth $92,678,000 after buying an additional 1,318,008 shares during the period. Encompass Capital Advisors LLC lifted its stake in Perpetua Resources by 145.0% in the second quarter. Encompass Capital Advisors LLC now owns 3,608,369 shares of the company’s stock valued at $43,806,000 after buying an additional 2,135,478 shares in the last quarter. Van ECK Associates Corp increased its position in shares of 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. Finally, Vanguard Group Inc. raised its holdings in shares of Perpetua Resources by 165.8% during the third quarter. Vanguard Group Inc. now owns 1,912,040 shares of the company’s stock worth $38,685,000 after acquiring an additional 1,192,744 shares during the period. 70.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Perpetua Resources news, Director Robert Alan Dean sold 2,400 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $27.14, for a total transaction of $65,136.00. Following the completion of the sale, the director owned 22,302 shares of the company’s stock, valued at $605,276.28. This trade represents a 9.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alexander Mcleod Sternhell sold 3,000 shares of Perpetua Resources stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $29.09, for a total transaction of $87,270.00. Following the transaction, the director directly owned 16,352 shares of the company’s stock, valued at approximately $475,679.68. This trade represents a 15.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 121,739 shares of company stock worth $3,289,604 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PPTA has been the subject of a number of research reports. HC Wainwright increased their target price on Perpetua Resources from $30.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. B. Riley Financial boosted their price objective on shares of Perpetua Resources from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Perpetua Resources presently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Perpetua Resources Stock Performance

Shares of PPTA stock opened at $28.56 on Thursday. Perpetua Resources Corp. has a 52-week low of $8.84 and a 52-week high of $37.37. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of -57.12 and a beta of -0.03. The firm’s 50-day moving average is $31.27 and its 200-day moving average is $26.07.

Perpetua Resources 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.