Jupiter Topco LLC Purchases Shares of 39,250 Perpetua Resources Corp. $PPTA

Jupiter Topco LLC acquired a new position in shares of Perpetua Resources Corp. (NASDAQ:PPTA) in the second quarter, HoldingsChannel reports. The fund acquired 39,250 shares of the company’s stock, valued at approximately $814,000.

Several other large investors have also made changes to their positions in the company. Royal Bank of Canada increased its stake in Perpetua Resources by 24.1% during the first quarter. Royal Bank of Canada now owns 485,118 shares of the company’s stock worth $13,641,000 after acquiring an additional 94,302 shares during the last quarter. Purpose Unlimited Inc. purchased a new stake in shares of Perpetua Resources during the 4th quarter worth about $1,798,000. BlackRock Inc. acquired a new stake in Perpetua Resources during the 2nd quarter worth approximately $110,181,000. Amundi increased its position in Perpetua Resources by 37.3% during the 1st quarter. Amundi now owns 1,384,758 shares of the company’s stock worth $38,939,000 after purchasing an additional 375,962 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Perpetua Resources in the second quarter valued at approximately $15,128,000. 70.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PPTA. Scotiabank initiated coverage on shares of Perpetua Resources in a research note on Tuesday, September 1st. They set a “sector outperform” rating for the company. HC Wainwright reissued a “buy” rating and issued a $43.50 target price on shares of Perpetua Resources in a research note on Tuesday, August 18th. B. Riley Financial began coverage on shares of Perpetua Resources in a report on Monday, August 3rd. They set a “buy” rating and a $30.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perpetua Resources in a research report on Friday, July 17th. Finally, Zacks Research upgraded Perpetua Resources from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Perpetua Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.90.

Perpetua Resources Price Performance

PPTA opened at $25.09 on Monday. The firm’s 50 day moving average is $21.77 and its 200-day moving average is $26.00. Perpetua Resources Corp. has a 52-week low of $16.43 and a 52-week high of $37.37. The firm has a market capitalization of $3.14 billion, a P/E ratio of -12.42 and a beta of 0.15.

Perpetua Resources (NASDAQ:PPTA) last announced its earnings results on Friday, August 14th. The company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.59). During the same quarter last year, the firm posted $0.08 EPS. Equities analysts expect that Perpetua Resources Corp. will post -2.16 earnings per share for the current fiscal year.

Perpetua Resources Profile

Perpetua Resources Corp. engages in the exploration and development of mineral properties in the United States. The company primarily explores for gold, silver, and antimony deposits. Its principal asset is the 100% owned Stibnite Gold project, which includes 1,672 unpatented lode claims, mill sites, and patented land holdings covering an area of approximately 11,548 hectares located in Valley County, Idaho. The company was formerly known as Midas Gold Corp. and changed its name to Perpetua Resources Corp.