Perpetua Resources Corp. $PPTA Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. reduced its position in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 46.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,059 shares of the company’s stock after selling 51,941 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Perpetua Resources were worth $730,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Lowe Wealth Advisors LLC acquired a new position in Perpetua Resources during the 2nd quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Perpetua Resources in the second quarter valued at approximately $39,000. Quantbot Technologies LP acquired a new position in Perpetua Resources during the first quarter worth $76,000. KLP Kapitalforvaltning AS purchased a new position in Perpetua Resources in the first quarter worth $94,000. Finally, Sowell Financial Services LLC acquired a new stake in Perpetua Resources in the second quarter valued at $121,000. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Perpetua Resources Stock Performance

Shares of NASDAQ:PPTA opened at $23.30 on Wednesday. The business’s fifty day moving average price is $22.17 and its two-hundred day moving average price is $17.72. The stock has a market cap of $2.84 billion, a PE ratio of -46.60 and a beta of 0.02. Perpetua Resources Corp. has a one year low of $7.81 and a one year high of $31.65.

Perpetua Resources (NASDAQ:PPTA) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.23). As a group, equities research analysts predict that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PPTA has been the topic of a number of recent analyst reports. BMO Capital Markets set a $44.00 price target on shares of Perpetua Resources in a research note on Tuesday, October 28th. UBS Group set a $30.00 target price on shares of Perpetua Resources in a report on Thursday, October 9th. Roth Capital set a $32.00 price target on shares of Perpetua Resources and gave the company a “buy” rating in a research report on Wednesday, October 22nd. HC Wainwright restated a “buy” rating and issued a $30.00 price target on shares of Perpetua Resources in a report on Tuesday, September 23rd. Finally, Zacks Research raised Perpetua Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $29.00.

Insider Transactions at Perpetua Resources

In other news, insider Jonathan Cherry sold 14,911 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $23.72, for a total value of $353,688.92. Following the completion of the transaction, the insider owned 36,249 shares of the company’s stock, valued at $859,826.28. The trade was a 29.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Stephen Wright sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $18.31, for a total transaction of $183,100.00. Following the transaction, the insider directly owned 14,195 shares in the company, valued at $259,910.45. The trade was a 41.33% decrease in their position. The SEC filing for this sale provides additional information. 1.90% of the stock is currently owned by corporate insiders.

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.