101,885 Shares in Perpetua Resources Corp. $PPTA Purchased by Caprock Group LLC

Caprock Group LLC purchased a new stake in Perpetua Resources Corp. (NASDAQ:PPTA) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 101,885 shares of the company’s stock, valued at approximately $1,923,000. Caprock Group LLC owned 0.08% of Perpetua Resources as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its stake in shares of Perpetua Resources by 12.6% in the 1st quarter. AQR Capital Management LLC now owns 15,909 shares of the company’s stock valued at $170,000 after purchasing an additional 1,780 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 purchasing an additional 2,680 shares during the period. Millennium Management LLC grew its position in 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 buying an additional 811,363 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Perpetua Resources by 1.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 108,921 shares of the company’s stock valued at $1,164,000 after buying an additional 1,835 shares during the period. Finally, KLP Kapitalforvaltning AS increased its stake in Perpetua Resources by 70.5% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 15,000 shares of the company’s stock valued at $182,000 after buying an additional 6,200 shares during the period. 70.07% of the stock is owned by hedge funds and other institutional investors.

Perpetua Resources Price Performance

NASDAQ PPTA opened at $28.86 on Friday. The business has a 50 day moving average price of $28.77 and a 200 day moving average price of $23.64. The company has a market capitalization of $3.58 billion, a P/E ratio of -57.72 and a beta of 0.03. Perpetua Resources Corp. has a 1-year low of $7.81 and a 1-year high of $35.97.

Perpetua Resources (NASDAQ:PPTA) last posted its earnings results 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, research analysts expect 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 Robert Alan Dean sold 2,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $27.14, for a total transaction of $65,136.00. Following the completion of the transaction, the director directly owned 22,302 shares of the company’s stock, valued at $605,276.28. This trade represents a 9.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alexander Mcleod Sternhell sold 3,000 shares of Perpetua Resources stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $29.09, for a total value of $87,270.00. Following the transaction, the director owned 16,352 shares of the company’s stock, valued at $475,679.68. This represents a 15.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 78,017 shares of company stock valued at $2,084,188 in the last quarter. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Roth Mkm set a $32.00 target price on shares of Perpetua Resources and gave the company a “buy” rating in a report on Wednesday, October 22nd. Zacks Research upgraded shares of Perpetua Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Wall Street Zen cut Perpetua Resources from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. HC Wainwright increased their target price on Perpetua Resources from $30.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, BMO Capital Markets set a $44.00 price target on Perpetua Resources in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Perpetua Resources has a consensus rating of “Moderate Buy” and an average price target of $32.50.

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.