UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in Perpetua Resources Corp. $PPTA

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Perpetua Resources Corp. (NASDAQ:PPTA) by 3,480.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,152 shares of the company’s stock after acquiring an additional 244,137 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Perpetua Resources were worth $5,214,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Osterweis Capital Management Inc. acquired a new position in shares of Perpetua Resources during the 2nd quarter valued at $26,000. Smartleaf Asset Management LLC acquired a new stake in Perpetua Resources in the 4th quarter valued at $31,000. UMB Bank n.a. purchased a new position in Perpetua Resources in the fourth quarter valued at about $36,000. Kestra Advisory Services LLC purchased a new position in Perpetua Resources in the fourth quarter valued at about $40,000. Finally, Leonteq Securities AG acquired a new position in shares of Perpetua Resources during the fourth quarter worth about $85,000. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PPTA. Zacks Research raised Perpetua Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Scotiabank initiated coverage on Perpetua Resources in a report on Tuesday, September 1st. They set a “sector outperform” rating on the stock. HC Wainwright reissued a “buy” rating and set a $43.50 price target on shares of Perpetua Resources in a research report on Tuesday, August 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a report on Friday, July 17th. Finally, B. Riley Financial started coverage on shares of Perpetua Resources in a research report on Monday, August 3rd. They issued a “buy” rating and a $30.00 price objective for the company. 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.90.

Perpetua Resources Price Performance

Shares of PPTA opened at $24.76 on Wednesday. The stock has a market capitalization of $3.10 billion, a PE ratio of -12.26 and a beta of 0.15. The business’s fifty day moving average price is $21.94 and its 200 day moving average price is $25.95. Perpetua Resources Corp. has a 12-month low of $16.43 and a 12-month high of $37.37.

Perpetua Resources (NASDAQ:PPTA) last released its 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 EPS. As a group, research analysts anticipate that Perpetua Resources Corp. will post -2.16 earnings per share 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. The company was formerly known as Midas Gold Corp. and changed its name to Perpetua Resources Corp.