Quantbot Technologies LP Takes $486,000 Position in Perpetua Resources Corp. $PPTA

Quantbot Technologies LP acquired a new position in Perpetua Resources Corp. (NASDAQ:PPTA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 23,413 shares of the company’s stock, valued at approximately $486,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada raised its position in Perpetua Resources by 24.1% in the first quarter. Royal Bank of Canada now owns 485,118 shares of the company’s stock worth $13,641,000 after acquiring an additional 94,302 shares during the period. Purpose Unlimited Inc. bought a new stake in shares of Perpetua Resources in the 4th quarter worth approximately $1,798,000. Intact Investment Management Inc. bought a new stake in shares of Perpetua Resources in the 4th quarter worth approximately $4,183,000. Amundi lifted its stake in Perpetua Resources by 37.3% in the first quarter. Amundi now owns 1,384,758 shares of the company’s stock valued at $38,939,000 after purchasing an additional 375,962 shares during the last quarter. Finally, TD Asset Management Inc lifted its stake in Perpetua Resources by 365.4% in the fourth quarter. TD Asset Management Inc now owns 608,857 shares of the company’s stock valued at $14,760,000 after purchasing an additional 478,021 shares during the last quarter. 70.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PPTA has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a research report on Friday, July 17th. B. Riley Financial assumed coverage on Perpetua Resources in a research report on Monday, August 3rd. They set a “buy” rating and a $30.00 price target on the stock. HC Wainwright reiterated a “buy” rating and set a $43.50 price target on shares of Perpetua Resources in a research note on Tuesday, August 18th. Finally, Zacks Research raised Perpetua Resources from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.90.

Perpetua Resources Stock Down 4.1%

Shares of NASDAQ PPTA opened at $25.11 on Friday. Perpetua Resources Corp. has a 52 week low of $16.43 and a 52 week high of $37.37. The business has a 50-day simple moving average of $21.50 and a two-hundred day simple moving average of $26.19. The company has a market cap of $3.14 billion, a P/E ratio of -12.43 and a beta of 0.09.

Perpetua Resources (NASDAQ:PPTA) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.59). During the same quarter in the previous year, the company posted $0.08 earnings per share. Equities research analysts anticipate that Perpetua Resources Corp. will post -2.16 EPS for the current year.

About Perpetua Resources

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. The company was formerly known as Midas Gold Corp. and changed its name to Perpetua Resources Corp.