Perpetua Resources Corp. $PPTA Shares Acquired by Encompass Capital Advisors LLC

Encompass Capital Advisors LLC lifted its holdings in Perpetua Resources Corp. (NASDAQ:PPTA) by 145.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,608,369 shares of the company’s stock after buying an additional 2,135,478 shares during the period. Perpetua Resources makes up 1.6% of Encompass Capital Advisors LLC’s holdings, making the stock its 20th biggest position. Encompass Capital Advisors LLC owned 3.35% of Perpetua Resources worth $43,806,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Lowe Wealth Advisors LLC purchased a new position in Perpetua Resources in the 2nd quarter worth approximately $26,000. Steward Partners Investment Advisory LLC purchased a new position in Perpetua Resources during the second quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd acquired a new position in Perpetua Resources during the second quarter worth $39,000. Quantbot Technologies LP purchased a new stake in Perpetua Resources in the 1st quarter valued at $76,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Perpetua Resources by 31.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 9,161 shares of the company’s stock worth $111,000 after acquiring an additional 2,193 shares during the last quarter. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Wall Street Analyst Weigh In

PPTA has been the topic of several recent research reports. HC Wainwright reissued a “buy” rating and set a $30.00 price target on shares of Perpetua Resources in a research report on Tuesday, September 23rd. Zacks Research raised shares of Perpetua Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. UBS Group set a $30.00 price target on shares of Perpetua Resources in a research report on Thursday, October 9th. Roth Capital set a $32.00 target price on Perpetua Resources and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a research report on Wednesday, October 8th. Two investment 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $29.00.

Insider Activity at Perpetua Resources

In related news, insider Jonathan Cherry sold 14,911 shares of Perpetua Resources 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 in the company, valued at approximately $859,826.28. The trade was a 29.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Perpetua Resources Stock Down 1.1%

Shares of NASDAQ PPTA opened at $28.84 on Friday. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of -57.68 and a beta of 0.02. Perpetua Resources Corp. has a 52-week low of $7.81 and a 52-week high of $31.65. The business’s 50 day moving average is $24.44 and its two-hundred day moving average is $19.13.

Perpetua Resources (NASDAQ:PPTA) last announced its 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 fiscal year.

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.