Amitell Capital Pte Ltd Has $2.63 Million Stock Holdings in Perpetua Resources Corp. $PPTA

Amitell Capital Pte Ltd reduced its stake in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 27.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,141 shares of the company’s stock after selling 49,859 shares during the quarter. Perpetua Resources accounts for approximately 1.6% of Amitell Capital Pte Ltd’s holdings, making the stock its 22nd biggest position. Amitell Capital Pte Ltd owned 0.11% of Perpetua Resources worth $2,633,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PPTA. Paulson & CO. Inc. boosted its holdings in Perpetua Resources by 30.6% during the second quarter. Paulson & CO. Inc. now owns 32,347,299 shares of the company’s stock valued at $392,696,000 after purchasing an additional 7,575,757 shares in the last quarter. Encompass Capital Advisors LLC lifted its holdings in Perpetua Resources by 145.0% in the second quarter. Encompass Capital Advisors LLC now owns 3,608,369 shares of the company’s stock valued at $43,806,000 after buying an additional 2,135,478 shares during the period. Vanguard Group Inc. grew its stake in shares of Perpetua Resources by 165.8% during the third quarter. Vanguard Group Inc. now owns 1,912,040 shares of the company’s stock worth $38,685,000 after purchasing an additional 1,192,744 shares during the period. Monaco Asset Management SAM acquired a new stake in shares of Perpetua Resources in the 2nd quarter valued at approximately $12,662,000. Finally, Fourth Sail Capital LP acquired a new stake in Perpetua Resources in the second quarter worth $12,185,000. Institutional investors and hedge funds own 70.07% of the company’s stock.

Insider Activity at Perpetua Resources

In other news, Director Alexander Mcleod Sternhell sold 3,000 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $29.09, for a total transaction of $87,270.00. Following the sale, the director directly owned 16,352 shares in the company, valued at approximately $475,679.68. The trade was a 15.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeffrey L. Malmen sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $26.57, for a total transaction of $132,850.00. Following the transaction, the director directly owned 14,319 shares of the company’s stock, valued at $380,455.83. The trade was a 25.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 121,739 shares of company stock valued at $3,289,604. Company insiders own 1.50% of the company’s stock.

Perpetua Resources Price Performance

Shares of NASDAQ:PPTA opened at $33.06 on Thursday. Perpetua Resources Corp. has a 1 year low of $8.06 and a 1 year high of $35.97. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of -66.12 and a beta of 0.03. The company’s 50 day simple moving average is $29.31 and its 200 day simple moving average is $24.48.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PPTA. B. Riley Financial reissued a “buy” rating on shares of Perpetua Resources in a research note on Thursday, October 30th. HC Wainwright increased their price target on shares of Perpetua Resources from $30.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.50.

About Perpetua Resources

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.