Goldman Sachs Group Inc. Increases Position in Perpetua Resources Corp. $PPTA

Goldman Sachs Group Inc. boosted its position in Perpetua Resources Corp. (NASDAQ:PPTA) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,921 shares of the company’s stock after purchasing an additional 1,835 shares during the period. Goldman Sachs Group Inc. owned about 0.15% of Perpetua Resources worth $1,164,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of PPTA. Corebridge Financial Inc. lifted its position in shares of Perpetua Resources by 7.8% during the first quarter. Corebridge Financial Inc. now owns 20,644 shares of the company’s stock worth $221,000 after acquiring an additional 1,498 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Perpetua Resources by 12.6% during the first quarter. AQR Capital Management LLC now owns 15,909 shares of the company’s stock worth $170,000 after acquiring an additional 1,780 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 worth $672,000 after acquiring an additional 2,680 shares in the last quarter. Continuum Advisory LLC lifted its position in shares of Perpetua Resources by 72.9% during the first quarter. Continuum Advisory LLC now owns 8,300 shares of the company’s stock worth $89,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Perpetua Resources by 6.0% during the first quarter. Rhumbline Advisers now owns 64,688 shares of the company’s stock worth $692,000 after acquiring an additional 3,672 shares in the last quarter. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Perpetua Resources Stock Up 5.2%

PPTA stock opened at $18.31 on Monday. The stock has a market cap of $1.97 billion and a P/E ratio of -59.06. The business’s 50-day moving average price is $17.15 and its 200-day moving average price is $14.31. Perpetua Resources Corp. has a twelve month low of $7.81 and a twelve month high of $19.75.

Perpetua Resources (NASDAQ:PPTA) last issued its earnings results on Wednesday, August 13th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.06. On average, equities research analysts expect that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on PPTA. B. Riley increased their target price on Perpetua Resources from $17.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. HC Wainwright upped their price target on shares of Perpetua Resources from $27.50 to $30.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Royal Bank Of Canada started coverage on shares of Perpetua Resources in a report on Friday, July 18th. They issued an “outperform” rating and a $23.00 price target on the stock. National Bankshares reissued an “outperform” rating on shares of Perpetua Resources in a research note on Wednesday, June 18th. Finally, Wall Street Zen raised Perpetua Resources from a “sell” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat, Perpetua Resources has an average rating of “Buy” and an average target price of $23.75.

Insider Buying and Selling

In other Perpetua Resources news, insider Michael Stephen Wright sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $18.31, for a total value of $183,100.00. Following the sale, the insider owned 14,195 shares in the company, valued at $259,910.45. The trade was a 41.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by insiders.

About Perpetua Resources

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.