Perpetua Resources Corp. $PPTA Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 9.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 617,032 shares of the company’s stock after purchasing an additional 50,778 shares during the period. Geode Capital Management LLC owned approximately 0.57% of Perpetua Resources worth $7,489,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in PPTA. Corebridge Financial Inc. increased its holdings in shares of Perpetua Resources by 7.8% during the 1st quarter. Corebridge Financial Inc. now owns 20,644 shares of the company’s stock worth $221,000 after buying an additional 1,498 shares during the last quarter. AQR Capital Management LLC increased its stake in 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 during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Perpetua Resources by 1.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 108,921 shares of the company’s stock worth $1,164,000 after purchasing an additional 1,835 shares during the period. Rathbones Group PLC raised its holdings in shares of Perpetua Resources by 12.2% in the 2nd quarter. Rathbones Group PLC now owns 19,340 shares of the company’s stock worth $234,000 after purchasing an additional 2,100 shares during the period. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of Perpetua Resources in the 2nd quarter valued at about $26,000. 70.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Jonathan Cherry sold 14,911 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $23.72, for a total value of $353,688.92. Following the completion of the transaction, the insider owned 36,249 shares of the company’s stock, valued at approximately $859,826.28. This represents a 29.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

Perpetua Resources Trading Up 0.7%

PPTA opened at $25.92 on Friday. Perpetua Resources Corp. has a twelve month low of $7.81 and a twelve month high of $31.65. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of -51.84 and a beta of 0.02. The company has a fifty day simple moving average of $23.81 and a 200 day simple moving average of $18.67.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on PPTA shares. Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a report on Wednesday, October 8th. Roth Capital set a $32.00 target price on shares of Perpetua Resources and gave the company a “buy” rating in a research note on Wednesday, October 22nd. B. Riley restated a “buy” rating on shares of Perpetua Resources in a report on Thursday, October 30th. UBS Group set a $30.00 price target on shares of Perpetua Resources in a research report on Thursday, October 9th. Finally, HC Wainwright reissued a “buy” rating and issued a $30.00 price objective on shares of Perpetua Resources in a research report on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $29.00.

Perpetua Resources 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.