Krilogy Financial LLC Sells 61,800 Shares of Perpetua Resources Corp. (NASDAQ:PPTA)

Krilogy Financial LLC lessened its stake in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 7.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 800,904 shares of the company’s stock after selling 61,800 shares during the period. Krilogy Financial LLC’s holdings in Perpetua Resources were worth $8,562,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Amundi bought a new position in Perpetua Resources in the 4th quarter valued at $7,788,000. Millennium Management LLC raised its position in Perpetua Resources by 226.7% in the 4th quarter. Millennium Management LLC now owns 370,536 shares of the company’s stock valued at $3,954,000 after purchasing an additional 257,130 shares during the last quarter. Cohen & Steers Inc. bought a new position in Perpetua Resources in the 4th quarter valued at $2,729,000. Yaupon Capital Management LP bought a new position in Perpetua Resources in the 4th quarter valued at $2,668,000. Finally, Polar Asset Management Partners Inc. bought a new position in Perpetua Resources in the 4th quarter valued at $1,937,000. Institutional investors own 70.07% of the company’s stock.

Perpetua Resources Stock Down 2.1%

PPTA stock opened at $12.84 on Friday. The company has a market cap of $918.61 million, a P/E ratio of -58.36 and a beta of 0.02. Perpetua Resources Corp. has a twelve month low of $5.01 and a twelve month high of $17.96. The business has a fifty day moving average of $13.86 and a 200-day moving average of $11.89.

Perpetua Resources (NASDAQ:PPTA) last released its earnings results on Friday, May 9th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). As a group, equities research analysts anticipate that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.

Insider Transactions at Perpetua Resources

In other news, insider Michael Stephen Wright sold 6,500 shares of the business’s stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $13.85, for a total transaction of $90,025.00. Following the completion of the sale, the insider now owns 14,195 shares in the company, valued at $196,600.75. The trade was a 31.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mckinsey Margaret Lyon sold 20,000 shares of Perpetua Resources stock in a transaction on Friday, March 28th. The stock was sold at an average price of $11.00, for a total value of $220,000.00. Following the sale, the insider now directly owns 89,154 shares of the company’s stock, valued at approximately $980,694. This trade represents a 18.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PPTA shares. National Bank Financial upgraded Perpetua Resources to a “strong-buy” rating in a research report on Friday, March 21st. HC Wainwright cut their price objective on Perpetua Resources from $28.00 to $27.50 and set a “buy” rating for the company in a research report on Tuesday, May 13th. Finally, National Bankshares reiterated an “outperform” rating on shares of Perpetua Resources in a research report on Wednesday, April 2nd.

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.