Krilogy Financial LLC Sells 41,785 Shares of Perpetua Resources Corp. $PPTA

Krilogy Financial LLC trimmed its stake in Perpetua Resources Corp. (NASDAQ:PPTA) by 6.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 625,864 shares of the company’s stock after selling 41,785 shares during the quarter. Krilogy Financial LLC’s holdings in Perpetua Resources were worth $17,599,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of PPTA. SG Americas Securities LLC bought a new stake in shares of Perpetua Resources in the 1st quarter worth approximately $761,000. Capstone Wealth Management Group LLC increased its position in Perpetua Resources by 23.8% in the fourth quarter. Capstone Wealth Management Group LLC now owns 46,388 shares of the company’s stock worth $1,123,000 after buying an additional 8,933 shares during the last quarter. Purpose Unlimited Inc. purchased a new stake in Perpetua Resources in the fourth quarter worth $1,798,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Perpetua Resources by 318.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 13,930 shares of the company’s stock valued at $337,000 after buying an additional 10,601 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Perpetua Resources by 3.6% in the fourth quarter. Invesco Ltd. now owns 49,849 shares of the company’s stock valued at $1,207,000 after buying an additional 1,755 shares during the period. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Perpetua Resources Stock Performance

Shares of NASDAQ PPTA opened at $22.33 on Wednesday. The stock has a market cap of $2.79 billion and a PE ratio of -16.92. Perpetua Resources Corp. has a fifty-two week low of $11.68 and a fifty-two week high of $37.37. The stock has a fifty day moving average of $27.30 and a 200-day moving average of $28.58.

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

Insider Activity

In other news, insider Mckinsey Margaret Lyon sold 8,699 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $29.53, for a total value of $256,881.47. Following the sale, the insider directly owned 142,329 shares of the company’s stock, valued at approximately $4,202,975.37. This represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jonathan Cherry sold 4,079 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $29.31, for a total transaction of $119,555.49. Following the completion of the transaction, the insider 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 SEC filing for this sale provides additional information. Corporate insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PPTA shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Perpetua Resources in a research note on Tuesday, April 21st. B. Riley Financial upped their price objective 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 upgraded shares of Perpetua Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Finally, HC Wainwright lifted 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. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $35.42.

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.