Y Intercept Hong Kong Ltd Purchases New Stake in Perpetua Resources Corp. $PPTA

Y Intercept Hong Kong Ltd purchased a new stake in Perpetua Resources Corp. (NASDAQ:PPTA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 58,267 shares of the company’s stock, valued at approximately $707,000. Y Intercept Hong Kong Ltd owned 0.05% of Perpetua Resources at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Lowe Wealth Advisors LLC acquired a new stake in Perpetua Resources in the 2nd quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new position in Perpetua Resources during the 2nd quarter worth $39,000. Quantbot Technologies LP purchased a new position in Perpetua Resources during the 1st quarter worth $76,000. KLP Kapitalforvaltning AS purchased a new position in Perpetua Resources during the 1st quarter worth $94,000. Finally, Sowell Financial Services LLC purchased a new position in Perpetua Resources during the 2nd quarter worth $121,000. Institutional investors and hedge funds own 70.07% of the company’s stock.

Insider Transactions at Perpetua Resources

In related news, insider Michael Stephen Wright sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $18.31, for a total value of $183,100.00. Following the sale, the insider directly owned 14,195 shares in the company, valued at approximately $259,910.45. The trade was a 41.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathan Cherry sold 14,911 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $23.72, for a total value of $353,688.92. Following the completion of the sale, the insider owned 36,249 shares in the company, valued at $859,826.28. This represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

PPTA has been the topic of a number of analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $30.00 price objective on shares of Perpetua Resources in a report on Tuesday, September 23rd. B. Riley reaffirmed a “buy” rating on shares of Perpetua Resources in a report on Thursday, October 30th. UBS Group set a $30.00 price objective on shares of Perpetua Resources in a report on Thursday, October 9th. Royal Bank Of Canada assumed coverage on Perpetua Resources in a research note on Friday, July 18th. They set an “outperform” rating and a $23.00 target price on the stock. Finally, Wall Street Zen cut Perpetua Resources from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Perpetua Resources currently has an average rating of “Buy” and an average price target of $29.00.

Perpetua Resources Price Performance

NASDAQ PPTA opened at $21.42 on Thursday. Perpetua Resources Corp. has a one year low of $7.81 and a one year high of $31.65. The business’s fifty day moving average is $21.45 and its 200-day moving average is $17.18. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of -69.09 and a beta of 0.02.

Perpetua Resources (NASDAQ:PPTA) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. Research analysts expect that Perpetua Resources Corp. will post -0.21 EPS for the current fiscal year.

Perpetua Resources Company Profile

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.