Perpetua Resources Corp. $PPTA Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 30.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,766 shares of the company’s stock after acquiring an additional 21,423 shares during the period. JPMorgan Chase & Co. owned about 0.07% of Perpetua Resources worth $1,836,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Cantor Fitzgerald L. P. grew its stake in shares of Perpetua Resources by 196.5% during the third quarter. Cantor Fitzgerald L. P. now owns 50,700 shares of the company’s stock valued at $1,026,000 after acquiring an additional 33,600 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Perpetua Resources by 52,805.0% during the third quarter. NewEdge Advisors LLC now owns 52,905 shares of the company’s stock worth $1,070,000 after purchasing an additional 52,805 shares during the last quarter. Worth Venture Partners LLC lifted its position in shares of Perpetua Resources by 48.6% during the third quarter. Worth Venture Partners LLC now owns 26,000 shares of the company’s stock worth $526,000 after purchasing an additional 8,500 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Perpetua Resources by 40.4% during the third quarter. Alyeska Investment Group L.P. now owns 4,581,234 shares of the company’s stock worth $92,678,000 after purchasing an additional 1,318,008 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Perpetua Resources during the third quarter worth about $702,000. 70.07% of the stock is currently owned by institutional investors and hedge funds.

Perpetua Resources Stock Performance

Shares of PPTA stock opened at $29.37 on Wednesday. Perpetua Resources Corp. has a one year low of $9.28 and a one year high of $37.37. The company’s 50-day simple moving average is $29.86 and its 200-day simple moving average is $27.04. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of -27.97 and a beta of 0.15.

Perpetua Resources (NASDAQ:PPTA) last issued its earnings results on Tuesday, March 31st. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.60). As a group, research analysts forecast that Perpetua Resources Corp. will post -0.21 EPS for the current year.

Insider Transactions at Perpetua Resources

In other Perpetua Resources news, insider Mckinsey Margaret Lyon sold 43,722 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $27.57, for a total value of $1,205,415.54. Following the transaction, the insider owned 132,110 shares of the company’s stock, valued at $3,642,272.70. This trade represents a 24.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jonathan Cherry sold 4,079 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $29.31, for a total transaction of $119,555.49. Following the completion of the transaction, the insider directly owned 44,895 shares in the company, valued at $1,315,872.45. This represents a 8.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 56,500 shares of company stock worth $1,581,853 in the last three months. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on PPTA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perpetua Resources in a research report on Thursday, January 22nd. HC Wainwright increased their price target on shares of Perpetua Resources from $30.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Finally, B. Riley Financial increased their price target on shares of Perpetua Resources from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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.