Benjamin Edwards Inc. Invests $2.07 Million in Perpetua Resources Corp. $PPTA

Benjamin Edwards Inc. purchased a new position in shares of Perpetua Resources Corp. (NASDAQ:PPTA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 102,102 shares of the company’s stock, valued at approximately $2,066,000. Benjamin Edwards Inc. owned approximately 0.09% of Perpetua Resources at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Paulson & CO. Inc. raised its position in Perpetua Resources by 30.6% in the 2nd quarter. Paulson & CO. Inc. now owns 32,347,299 shares of the company’s stock valued at $392,696,000 after buying an additional 7,575,757 shares during the last quarter. Encompass Capital Advisors LLC increased its position in shares of Perpetua Resources by 145.0% during the 2nd quarter. Encompass Capital Advisors LLC now owns 3,608,369 shares of the company’s stock valued at $43,806,000 after purchasing an additional 2,135,478 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Perpetua Resources by 219.0% in the 1st quarter. Millennium Management LLC now owns 1,181,899 shares of the company’s stock valued at $12,634,000 after acquiring an additional 811,363 shares during the last quarter. Monaco Asset Management SAM bought a new position in shares of Perpetua Resources during the second quarter valued at about $12,662,000. Finally, Fourth Sail Capital LP bought a new stake in Perpetua Resources during the 2nd quarter valued at approximately $12,185,000. Institutional investors and hedge funds own 70.07% of the company’s stock.

Perpetua Resources Trading Up 0.9%

Shares of PPTA stock opened at $29.68 on Monday. The company has a market capitalization of $3.68 billion, a P/E ratio of -59.36 and a beta of 0.03. The business’s 50 day moving average is $25.07 and its two-hundred day moving average is $20.89. Perpetua Resources Corp. has a twelve month low of $7.81 and a twelve month high of $31.65.

Perpetua Resources (NASDAQ:PPTA) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.23). As a group, equities analysts predict that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Perpetua Resources

In other news, Director Alexander Mcleod Sternhell sold 3,000 shares of the stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $29.09, for a total value of $87,270.00. Following the completion of the sale, the director owned 16,352 shares in the company, valued at approximately $475,679.68. This trade represents a 15.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Alan Dean sold 2,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $27.14, for a total transaction of $65,136.00. Following the sale, the director directly owned 22,302 shares of the company’s stock, valued at $605,276.28. The trade was a 9.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 78,017 shares of company stock worth $2,084,188 over the last three months. 1.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PPTA has been the topic of several recent analyst reports. BMO Capital Markets set a $44.00 price objective on Perpetua Resources in a research report on Tuesday, October 28th. UBS Group set a $30.00 price objective on shares of Perpetua Resources in a research note on Thursday, October 9th. Roth Capital set a $32.00 target price on Perpetua Resources and gave the stock a “buy” rating in a report on Wednesday, October 22nd. HC Wainwright reissued a “buy” rating and issued a $30.00 target price on shares of Perpetua Resources in a research report on Tuesday, September 23rd. Finally, Zacks Research raised shares of Perpetua Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $30.67.

Perpetua Resources 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.