Y Intercept Hong Kong Ltd Purchases 43,086 Shares of Perpetua Resources Corp. $PPTA

Y Intercept Hong Kong Ltd lifted its position in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 73.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 101,353 shares of the company’s stock after acquiring an additional 43,086 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.09% of Perpetua Resources worth $2,050,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new position in Perpetua Resources during the second quarter worth about $31,000. Private Trust Co. NA purchased a new stake in shares of Perpetua Resources during the 3rd quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd bought a new position in Perpetua Resources in the 2nd quarter worth approximately $39,000. Farther Finance Advisors LLC purchased a new position in Perpetua Resources in the 3rd quarter valued at approximately $52,000. Finally, Harbor Investment Advisory LLC raised its holdings in Perpetua Resources by 519.6% during the 3rd quarter. Harbor Investment Advisory LLC now owns 3,098 shares of the company’s stock valued at $63,000 after acquiring an additional 2,598 shares during the period. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on PPTA. B. Riley reaffirmed a “buy” rating on shares of Perpetua Resources in a report on Thursday, October 30th. Zacks Research raised Perpetua Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. BMO Capital Markets set a $44.00 price objective on Perpetua Resources in a report on Tuesday, October 28th. Roth Mkm set a $32.00 target price on shares of Perpetua Resources and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $30.67.

Insider Activity

In other Perpetua Resources news, Director Robert Alan Dean sold 2,400 shares of the stock in a transaction 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 sale, the director owned 22,302 shares of the company’s stock, valued at $605,276.28. This represents a 9.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Alexander Mcleod Sternhell sold 3,000 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $29.09, for a total transaction of $87,270.00. Following the completion of the transaction, the director owned 16,352 shares in the company, valued at $475,679.68. The trade was a 15.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 78,017 shares of company stock valued at $2,084,188. 1.90% of the stock is owned by corporate insiders.

Perpetua Resources Price Performance

Shares of PPTA stock opened at $34.37 on Thursday. The business has a 50-day moving average of $27.77 and a 200 day moving average of $22.65. Perpetua Resources Corp. has a 1-year low of $7.81 and a 1-year high of $35.97. The stock has a market capitalization of $4.27 billion, a PE ratio of -68.74 and a beta of 0.03.

Perpetua Resources (NASDAQ:PPTA) last announced its quarterly 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). Analysts anticipate that Perpetua Resources Corp. will post -0.21 EPS for the current year.

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.