Voya Investment Management LLC Decreases Position in Perpetua Resources Corp. $PPTA

Voya Investment Management LLC cut its position in Perpetua Resources Corp. (NASDAQ:PPTA) by 8.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 10,752 shares of the company’s stock after selling 1,054 shares during the period. Voya Investment Management LLC’s holdings in Perpetua Resources were worth $115,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PPTA. Bank of America Corp DE raised its holdings in Perpetua Resources by 13.7% in the fourth quarter. Bank of America Corp DE now owns 55,413 shares of the company’s stock worth $591,000 after buying an additional 6,661 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Perpetua Resources by 1,658.4% during the first quarter. GAMMA Investing LLC now owns 4,308 shares of the company’s stock valued at $46,000 after purchasing an additional 4,063 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Perpetua Resources by 6.0% during the first quarter. Rhumbline Advisers now owns 64,688 shares of the company’s stock valued at $692,000 after purchasing an additional 3,672 shares during the last quarter. Continuum Advisory LLC raised its holdings 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 valued at $89,000 after purchasing an additional 3,500 shares during the last quarter. Finally, North Capital Inc. purchased a new position in shares of Perpetua Resources during the first quarter valued at approximately $53,000. 70.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. National Bankshares reissued an “outperform” rating on shares of Perpetua Resources in a report on Wednesday, June 18th. Wall Street Zen raised shares of Perpetua Resources from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. B. Riley boosted their price objective on shares of Perpetua Resources from $17.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Royal Bank Of Canada assumed coverage on shares of Perpetua Resources in a report on Friday, July 18th. They set an “outperform” rating and a $23.00 price objective for the company. Finally, Roth Capital reissued a “buy” rating on shares of Perpetua Resources in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $23.75.

Insider Buying and Selling at Perpetua Resources

In other Perpetua Resources news, insider Michael Stephen Wright sold 10,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 14,195 shares in the company, valued at $259,910.45. This represents a 41.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.

Perpetua Resources Trading Up 2.2%

Shares of NASDAQ PPTA opened at $20.67 on Thursday. The firm has a 50 day moving average of $17.72 and a 200 day moving average of $14.83. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of -66.68 and a beta of 0.01. Perpetua Resources Corp. has a 12-month low of $7.81 and a 12-month high of $22.62.

Perpetua Resources (NASDAQ:PPTA) last posted its quarterly earnings results on Wednesday, August 13th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.06. Sell-side analysts predict that Perpetua Resources Corp. will post -0.21 EPS for the current year.

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.