Signature Estate & Investment Advisors LLC Takes $1.24 Million Position in Perpetua Resources Corp. $PPTA

Signature Estate & Investment Advisors LLC purchased a new position in shares of Perpetua Resources Corp. (NASDAQ:PPTA) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 61,250 shares of the company’s stock, valued at approximately $1,239,000.

A number of other institutional investors also recently added to or reduced their stakes in PPTA. Paulson & CO. Inc. increased its holdings in Perpetua Resources by 30.6% in the second quarter. Paulson & CO. Inc. now owns 32,347,299 shares of the company’s stock valued at $392,696,000 after buying an additional 7,575,757 shares during the last quarter. Encompass Capital Advisors LLC increased its stake 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 purchasing an additional 2,135,478 shares during the last quarter. Millennium Management LLC raised its holdings in Perpetua Resources by 219.0% during the first quarter. Millennium Management LLC now owns 1,181,899 shares of the company’s stock worth $12,634,000 after purchasing an additional 811,363 shares in the last quarter. Monaco Asset Management SAM purchased a new stake in shares of Perpetua Resources during the 2nd quarter worth approximately $12,662,000. Finally, Fourth Sail Capital LP acquired a new position in shares of Perpetua Resources in the 2nd quarter valued at $12,185,000. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PPTA shares. Wall Street Zen cut shares of Perpetua Resources from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a research note on Thursday, January 22nd. HC Wainwright boosted their price objective on Perpetua Resources from $30.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Research raised Perpetua Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Finally, Roth Mkm set a $32.00 target price on shares of Perpetua Resources and gave the company a “buy” rating in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $32.50.

Perpetua Resources Trading Up 8.3%

NASDAQ:PPTA opened at $28.10 on Monday. Perpetua Resources Corp. has a 12-month low of $7.81 and a 12-month high of $35.97. The stock’s 50 day simple moving average is $28.37 and its 200-day simple moving average is $23.29. The firm has a market cap of $3.49 billion, a P/E ratio of -56.20 and a beta of 0.03.

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). Research analysts forecast that Perpetua Resources Corp. will post -0.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jeffrey L. Malmen sold 10,181 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $26.34, for a total value of $268,167.54. Following the completion of the sale, the director directly owned 19,319 shares of the company’s stock, valued at $508,862.46. This trade represents a 34.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $268,922.00. Following the completion of the sale, the director owned 19,352 shares in the company, valued at approximately $512,828. This trade represents a 34.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 78,017 shares of company stock worth $2,084,188. Company insiders own 1.90% of the company’s stock.

Perpetua Resources Company 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.