Rothschild Investment LLC Raises Position in Perpetua Resources Corp. $PPTA

Rothschild Investment LLC grew its holdings in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 53.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,095 shares of the company’s stock after acquiring an additional 9,060 shares during the period. Rothschild Investment LLC’s holdings in Perpetua Resources were worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. U S Global Investors Inc. grew its holdings in Perpetua Resources by 66.7% during the second quarter. U S Global Investors Inc. now owns 50,000 shares of the company’s stock valued at $607,000 after purchasing an additional 20,000 shares during the period. Monaco Asset Management SAM purchased a new position in shares of Perpetua Resources during the 2nd quarter valued at about $12,662,000. Medici Capital LLC purchased a new position in shares of Perpetua Resources during the 2nd quarter valued at about $607,000. Amundi grew its stake in shares of Perpetua Resources by 39.4% during the 1st quarter. Amundi now owns 1,017,573 shares of the company’s stock valued at $11,397,000 after acquiring an additional 287,664 shares during the period. Finally, Deutsche Bank AG increased its holdings in Perpetua Resources by 409.2% in the 1st quarter. Deutsche Bank AG now owns 157,285 shares of the company’s stock worth $1,681,000 after acquiring an additional 126,394 shares in the last quarter. 70.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on PPTA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perpetua Resources in a report on Wednesday, October 8th. B. Riley restated a “buy” rating on shares of Perpetua Resources in a research note on Thursday, October 30th. UBS Group set a $30.00 target price on shares of Perpetua Resources in a report on Thursday, October 9th. Wall Street Zen cut Perpetua Resources from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Finally, HC Wainwright restated a “buy” rating and issued a $30.00 price objective on shares of Perpetua Resources in a research report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $29.00.

Perpetua Resources Stock Performance

PPTA opened at $23.30 on Wednesday. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of -46.60 and a beta of 0.02. The company has a fifty day moving average of $22.17 and a 200 day moving average of $17.72. Perpetua Resources Corp. has a fifty-two week low of $7.81 and a fifty-two week high of $31.65.

Perpetua Resources (NASDAQ:PPTA) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.23). On average, equities research analysts forecast that Perpetua Resources Corp. will post -0.21 earnings per share for the current year.

Insider Buying and Selling

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

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.