UBS Group AG Sells 195,825 Shares of Perpetua Resources Corp. $PPTA

UBS Group AG cut its position in shares of Perpetua Resources Corp. (NASDAQ:PPTAFree Report) by 42.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 263,225 shares of the company’s stock after selling 195,825 shares during the quarter. UBS Group AG owned about 0.21% of Perpetua Resources worth $6,373,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PPTA. Y Intercept Hong Kong Ltd grew its holdings in Perpetua Resources by 73.9% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 101,353 shares of the company’s stock worth $2,050,000 after acquiring an additional 43,086 shares during the period. TD Asset Management Inc acquired a new position in shares of Perpetua Resources in the 3rd quarter valued at about $2,648,000. CIBC Asset Management Inc bought a new stake in shares of Perpetua Resources during the 3rd quarter valued at about $1,239,000. Hohimer Wealth Management LLC bought a new stake in shares of Perpetua Resources during the 3rd quarter valued at about $1,812,000. Finally, Citigroup Inc. grew its stake in Perpetua Resources by 462.8% during the third quarter. Citigroup Inc. now owns 157,599 shares of the company’s stock worth $3,190,000 after purchasing an additional 129,594 shares during the period. Institutional investors own 70.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. B. Riley Financial lifted their target price on Perpetua Resources from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Perpetua Resources in a report on Tuesday, April 21st. HC Wainwright reiterated a “buy” rating and issued a $41.00 target price on shares of Perpetua Resources in a report on Wednesday, April 8th. Finally, Zacks Research downgraded Perpetua Resources from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 8th. Six analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.00.

View Our Latest Stock Analysis on Perpetua Resources

Insider Activity at Perpetua Resources

In other news, insider Jonathan Cherry sold 4,079 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $29.31, for a total transaction of $119,555.49. Following the completion of the sale, the insider owned 44,895 shares in the company, valued at $1,315,872.45. The trade was a 8.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mckinsey Margaret Lyon sold 8,699 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $29.53, for a total value of $256,881.47. Following the sale, the insider owned 142,329 shares of the company’s stock, valued at approximately $4,202,975.37. This represents a 5.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.57% of the company’s stock.

Perpetua Resources Stock Performance

Shares of PPTA stock opened at $24.64 on Wednesday. The company has a market cap of $3.08 billion, a P/E ratio of -18.67 and a beta of 0.02. The stock has a 50 day simple moving average of $29.25 and a two-hundred day simple moving average of $28.31. Perpetua Resources Corp. has a fifty-two week low of $11.68 and a fifty-two week high of $37.37.

Perpetua Resources (NASDAQ:PPTAGet Free Report) last issued its earnings results on Monday, May 11th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.21). On average, research analysts predict that Perpetua Resources Corp. will post -1.54 earnings per share for the current year.

Perpetua Resources Profile

(Free Report)

Perpetua Resources Inc (NASDAQ: PPTA), formerly known as eCobalt Solutions Inc, is a mineral exploration and development company focused on critical metals that support the global clean-energy transition. The company’s primary objective is to advance its flagship Idaho Cobalt Project, a permitted underground mine located near Stibnite, Idaho. This project is designed to produce cobalt, copper, gold and silver, with an emphasis on providing responsibly sourced materials to North American battery and technology markets.

In addition to its Idaho Cobalt Project, Perpetua Resources holds exploration licenses and mineral tenures across the United States and Canada.

Further Reading

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Institutional Ownership by Quarter for Perpetua Resources (NASDAQ:PPTA)

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