Y Intercept Hong Kong Ltd Acquires 43,086 Shares of Perpetua Resources Corp. $PPTA

Y Intercept Hong Kong Ltd lifted its holdings in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 73.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,353 shares of the company’s stock after acquiring an additional 43,086 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Perpetua Resources were worth $2,050,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its holdings in Perpetua Resources by 12.6% in the 1st quarter. AQR Capital Management LLC now owns 15,909 shares of the company’s stock worth $170,000 after purchasing an additional 1,780 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Perpetua Resources by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,958 shares of the company’s stock valued at $672,000 after buying an additional 2,680 shares during the period. Millennium Management LLC raised its stake in Perpetua Resources by 219.0% in the first quarter. Millennium Management LLC now owns 1,181,899 shares of the company’s stock worth $12,634,000 after buying an additional 811,363 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Perpetua Resources by 1.7% in the first quarter. Goldman Sachs Group Inc. now owns 108,921 shares of the company’s stock worth $1,164,000 after buying an additional 1,835 shares in the last quarter. Finally, KLP Kapitalforvaltning AS lifted its holdings in Perpetua Resources by 70.5% in the second quarter. KLP Kapitalforvaltning AS now owns 15,000 shares of the company’s stock worth $182,000 after buying an additional 6,200 shares during the period. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Insider Activity

In related news, insider Mckinsey Margaret Lyon sold 32,490 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $26.61, for a total value of $864,558.90. Following the completion of the transaction, the insider directly owned 96,664 shares in the company, valued at $2,572,229.04. The trade was a 25.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey L. Malmen sold 5,000 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $26.57, for a total value of $132,850.00. Following the sale, the director owned 14,319 shares in the company, valued at approximately $380,455.83. This represents a 25.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 78,017 shares of company stock worth $2,084,188 over the last three months. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Roth Mkm set a $32.00 target price on Perpetua Resources and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Zacks Research raised Perpetua Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. B. Riley reissued a “buy” rating on shares of Perpetua Resources in a research report on Thursday, October 30th. BMO Capital Markets set a $44.00 target price on shares of Perpetua Resources in a research report on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Perpetua Resources in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $30.67.

Perpetua Resources Trading Down 1.7%

Perpetua Resources stock opened at $34.37 on Thursday. Perpetua Resources Corp. has a 12 month low of $7.81 and a 12 month high of $35.97. The business’s fifty day simple moving average is $27.77 and its two-hundred day simple moving average is $22.65. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of -68.74 and a beta of 0.03.

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

About Perpetua Resources

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.