Perpetua Resources Corp. $PPTA Holdings Lifted by Cantor Fitzgerald L. P.

Cantor Fitzgerald L. P. increased its position in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 196.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,700 shares of the company’s stock after acquiring an additional 33,600 shares during the period. Cantor Fitzgerald L. P.’s holdings in Perpetua Resources were worth $1,026,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in shares of Perpetua Resources by 4.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,872 shares of the company’s stock worth $193,000 after purchasing an additional 697 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Perpetua Resources by 50.7% during the third quarter. Jones Financial Companies Lllp now owns 2,751 shares of the company’s stock worth $58,000 after buying an additional 925 shares in the last quarter. Private Trust Co. NA acquired a new position in Perpetua Resources in the third quarter worth approximately $35,000. AQR Capital Management LLC grew its position in Perpetua Resources by 12.6% in the first quarter. AQR Capital Management LLC now owns 15,909 shares of the company’s stock worth $170,000 after buying an additional 1,780 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Perpetua Resources by 1.7% in the first 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 in the last quarter. 70.07% of the stock is currently owned by institutional investors.

Insider Activity

In other Perpetua Resources news, Director Alexander Mcleod Sternhell sold 10,148 shares of Perpetua Resources stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $26.50, for a total transaction of $268,922.00. Following the transaction, the director directly owned 19,352 shares in the company, valued at approximately $512,828. The trade was a 34.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Alan Dean sold 6,490 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $27.55, for a total transaction of $178,799.50. Following the sale, the director directly owned 23,510 shares in the company, valued at approximately $647,700.50. This trade represents a 21.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 121,739 shares of company stock worth $3,289,604. Company insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PPTA. HC Wainwright raised their price objective on Perpetua Resources from $30.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perpetua Resources in a research report on Thursday, January 22nd. One investment 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 stock. According to MarketBeat.com, Perpetua Resources currently has an average rating of “Moderate Buy” and an average price target of $32.50.

Perpetua Resources Price Performance

Perpetua Resources stock opened at $29.76 on Monday. Perpetua Resources Corp. has a fifty-two week low of $8.84 and a fifty-two week high of $37.37. The firm’s 50 day simple moving average is $31.13 and its 200-day simple moving average is $25.88. The company has a market cap of $3.71 billion, a P/E ratio of -59.52 and a beta of -0.03.

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.