Eschler Asset Management LLP Makes New $425,000 Investment in Perpetua Resources Corp. $PPTA

Eschler Asset Management LLP bought a new stake in Perpetua Resources Corp. (NASDAQ:PPTA) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 35,000 shares of the company’s stock, valued at approximately $425,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Lowe Wealth Advisors LLC purchased a new stake in Perpetua Resources during the 2nd quarter valued at about $26,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Perpetua Resources during the 2nd quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Perpetua Resources during the 2nd quarter worth approximately $39,000. Quantbot Technologies LP purchased a new stake in shares of Perpetua Resources in the first quarter valued at approximately $76,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Perpetua Resources by 31.5% in the second quarter. BNP Paribas Financial Markets now owns 9,161 shares of the company’s stock valued at $111,000 after purchasing an additional 2,193 shares during the last quarter. 70.07% of the stock is owned by hedge funds and other institutional investors.

Perpetua Resources Stock Performance

Perpetua Resources stock opened at $28.84 on Friday. The company’s 50 day simple moving average is $24.44 and its 200-day simple moving average is $19.13. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of -57.68 and a beta of 0.02. Perpetua Resources Corp. has a 1 year low of $7.81 and a 1 year high of $31.65.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Zacks Research raised Perpetua Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Perpetua Resources in a report on Wednesday, October 8th. BMO Capital Markets set a $44.00 price objective on shares of Perpetua Resources in a report on Tuesday, October 28th. Roth Capital set a $32.00 price objective on shares of Perpetua Resources and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, HC Wainwright reiterated a “buy” rating and issued a $30.00 target price on shares of Perpetua Resources in a report on Tuesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Perpetua Resources has a consensus rating of “Buy” and an average target price of $29.00.

Insider Activity

In related news, insider Jonathan Cherry sold 14,911 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $23.72, for a total transaction of $353,688.92. Following the transaction, the insider owned 36,249 shares of the company’s stock, valued at approximately $859,826.28. This represents a 29.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Perpetua Resources Company Profile

Perpetua Resources Corp. engages in the exploration and development of mineral properties in the United States. The company primarily explores for gold, silver, and antimony deposits. Its principal asset is the 100% owned Stibnite Gold project, which includes 1,672 unpatented lode claims, mill sites, and patented land holdings covering an area of approximately 11,548 hectares located in Valley County, Idaho.