Perpetua Resources Corp. $PPTA Stock: Hohimer Wealth Management LLC Decreases Stake

Hohimer Wealth Management LLC lowered its position in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 29.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 167,760 shares of the company’s stock after selling 71,420 shares during the period. Hohimer Wealth Management LLC’s holdings in Perpetua Resources were worth $3,619,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PPTA. Paulson & CO. Inc. bought a new stake in shares of Perpetua Resources during the 2nd quarter valued at $671,530,000. BlackRock Inc. purchased a new position in Perpetua Resources during the 2nd quarter valued at about $110,181,000. Amundi boosted its stake in Perpetua Resources by 37.3% during the first quarter. Amundi now owns 1,384,758 shares of the company’s stock worth $38,939,000 after acquiring an additional 375,962 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in Perpetua Resources by 363.4% during the second quarter. Alyeska Investment Group L.P. now owns 1,099,408 shares of the company’s stock worth $22,824,000 after acquiring an additional 862,143 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Perpetua Resources during the second quarter worth about $15,128,000. Institutional investors own 70.07% of the company’s stock.

Perpetua Resources Price Performance

PPTA opened at $19.53 on Monday. The firm has a market cap of $2.44 billion, a PE ratio of -9.67 and a beta of 0.24. The stock has a 50-day moving average price of $20.87 and a 200-day moving average price of $25.18. Perpetua Resources Corp. has a 1 year low of $15.66 and a 1 year high of $37.37.

Perpetua Resources (NASDAQ:PPTA) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.78) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.59). During the same quarter in the prior year, the firm earned $0.08 EPS. As a group, sell-side analysts anticipate that Perpetua Resources Corp. will post -2.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. HC Wainwright reaffirmed a “buy” rating and set a $43.50 target price on shares of Perpetua Resources in a research note on Wednesday, September 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a research report on Thursday, October 15th. Scotiabank began coverage on Perpetua Resources in a research report on Tuesday, September 1st. They issued a “sector outperform” rating on the stock. Zacks Research downgraded Perpetua Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 15th. Finally, B. Riley Financial began coverage on Perpetua Resources in a research report on Monday, August 3rd. They set a “buy” rating and a $30.00 price objective for the company. Three analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $36.75.

Perpetua Resources Company Profile

Perpetua Resources Corp. is a mineral development company focused on advancing the Stibnite Gold Project in central Idaho. The project is designed to produce gold and antimony, a critical mineral used in defense applications, energy technologies, flame retardants and other industrial products. The company is pursuing the project through its U.S. subsidiary, Stibnite Gold Project LLC.

The Stibnite Gold Project is located in the historic Stibnite-Yellow Pine mining district. Perpetua’s activities include permitting, engineering, environmental studies and project development, as well as planning for the restoration of legacy environmental impacts associated with earlier mining in the area.