Perpetua Resources Corp. $PPTA Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. decreased its position in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 83.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,114 shares of the company’s stock after selling 40,421 shares during the quarter. Harbour Investments Inc.’s holdings in Perpetua Resources were worth $196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. IFP Advisors Inc grew its holdings in shares of Perpetua Resources by 0.8% in the fourth quarter. IFP Advisors Inc now owns 50,405 shares of the company’s stock valued at $1,220,000 after purchasing an additional 405 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Perpetua Resources by 21.0% in the fourth quarter. Farther Finance Advisors LLC now owns 3,123 shares of the company’s stock valued at $76,000 after purchasing an additional 541 shares during the period. Benjamin Edwards Inc. grew its holdings in shares of Perpetua Resources by 0.5% in the fourth quarter. Benjamin Edwards Inc. now owns 102,645 shares of the company’s stock valued at $2,485,000 after purchasing an additional 543 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Perpetua Resources by 4.6% in the second quarter. Tower Research Capital LLC TRC now owns 15,872 shares of the company’s stock valued at $193,000 after purchasing an additional 697 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in shares of Perpetua Resources by 50.7% in the third quarter. Jones Financial Companies Lllp now owns 2,751 shares of the company’s stock valued at $58,000 after purchasing an additional 925 shares during the period. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Insider Transactions at Perpetua Resources

In related news, insider Mckinsey Margaret Lyon sold 8,699 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $29.53, for a total transaction of $256,881.47. Following the completion of the transaction, the insider directly owned 142,329 shares in the company, valued at $4,202,975.37. This trade represents a 5.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jonathan Cherry sold 4,079 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $29.31, for a total value of $119,555.49. Following 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. 0.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PPTA. 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a report on Tuesday, April 21st. Zacks Research lowered shares of Perpetua Resources from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 8th. Finally, HC Wainwright upped their price objective on shares of Perpetua Resources from $41.00 to $43.50 and gave the company a “buy” rating in a report on Tuesday, May 26th. Six research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, Perpetua Resources has a consensus rating of “Moderate Buy” and an average price target of $35.42.

Perpetua Resources Trading Down 5.4%

Shares of NASDAQ:PPTA opened at $24.78 on Thursday. The business has a 50-day moving average price of $28.49 and a 200 day moving average price of $28.59. The company has a market capitalization of $3.10 billion and a price-to-earnings ratio of -18.77. Perpetua Resources Corp. has a 12-month low of $11.68 and a 12-month high of $37.37.

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). As a group, equities research analysts predict that Perpetua Resources Corp. will post -1.54 earnings per share for the current fiscal year.

Perpetua Resources Company 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.