Jupiter Topco LLC Makes New $814,000 Investment in Perpetua Resources Corp. $PPTA

Jupiter Topco LLC purchased a new stake in Perpetua Resources Corp. (NASDAQ:PPTA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 39,250 shares of the company’s stock, valued at approximately $814,000.

Several other large investors have also modified their holdings of the business. AQR Capital Management LLC increased its stake in shares of Perpetua Resources by 12.6% during the 1st quarter. AQR Capital Management LLC now owns 15,909 shares of the company’s stock worth $170,000 after purchasing an additional 1,780 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Perpetua Resources by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,958 shares of the company’s stock valued at $672,000 after buying an additional 2,680 shares in the last quarter. Millennium Management LLC grew its holdings in Perpetua Resources by 219.0% during the 1st quarter. Millennium Management LLC now owns 1,181,899 shares of the company’s stock valued at $12,634,000 after buying an additional 811,363 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Perpetua Resources by 1.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 108,921 shares of the company’s stock valued at $1,164,000 after buying an additional 1,835 shares during the last quarter. Finally, Creative Planning purchased a new position in Perpetua Resources during the second quarter worth $134,000. 70.07% of the stock is currently owned by institutional investors and hedge funds.

Perpetua Resources Price Performance

Shares of Perpetua Resources stock opened at $25.09 on Monday. Perpetua Resources Corp. has a fifty-two week low of $16.43 and a fifty-two week high of $37.37. The business’s fifty day moving average is $21.77 and its two-hundred day moving average is $26.00. The firm has a market cap of $3.14 billion, a PE ratio of -12.42 and a beta of 0.15.

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

Wall Street Analysts Forecast Growth

PPTA has been the topic of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a research report on Friday, July 17th. Scotiabank started coverage on Perpetua Resources in a research report on Tuesday, September 1st. They set a “sector outperform” rating for the company. B. Riley Financial began coverage on shares of Perpetua Resources in a research note on Monday, August 3rd. They issued a “buy” rating and a $30.00 target price for the company. Zacks Research upgraded shares of Perpetua Resources from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $43.50 price target on shares of Perpetua Resources in a research note on Tuesday, August 18th. Five 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’s stock. According to data from MarketBeat, Perpetua Resources has an average rating of “Moderate Buy” and a consensus target price of $35.90.

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