Lombard Odier Asset Management USA Corp lessened its stake in Perpetua Resources Corp. (NASDAQ:PPTA – Free Report) by 57.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,533 shares of the company’s stock after selling 51,717 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in Perpetua Resources were worth $909,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC bought a new position in shares of Perpetua Resources during the fourth quarter valued at about $31,000. UMB Bank n.a. bought a new position in shares of Perpetua Resources during the fourth quarter valued at about $36,000. Kestra Advisory Services LLC bought a new position in shares of Perpetua Resources during the fourth quarter valued at about $40,000. Aventura Private Wealth LLC bought a new position in shares of Perpetua Resources during the fourth quarter valued at about $48,000. Finally, Pilgrim Partners Asia Pte Ltd lifted its position in shares of Perpetua Resources by 225.0% during the fourth quarter. Pilgrim Partners Asia Pte Ltd now owns 2,600 shares of the company’s stock valued at $63,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors own 70.07% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. HC Wainwright raised their price target on shares of Perpetua Resources from $41.00 to $43.50 and gave the company a “buy” rating in a research report on Tuesday, May 26th. B. Riley Financial raised their price target on shares of Perpetua Resources from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Zacks Research raised Perpetua Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a research report on Tuesday, April 21st. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $35.42.
Perpetua Resources Stock Performance
Shares of PPTA stock opened at $25.77 on Wednesday. The firm has a market cap of $3.22 billion and a price-to-earnings ratio of -19.52. Perpetua Resources Corp. has a 52 week low of $11.68 and a 52 week high of $37.37. The firm’s 50-day simple moving average is $27.87 and its two-hundred day simple moving average is $28.63.
Perpetua Resources (NASDAQ:PPTA – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.21). Analysts forecast that Perpetua Resources Corp. will post -1.42 earnings per share for the current year.
Insider Activity
In other Perpetua Resources news, insider Jonathan Cherry sold 4,079 shares of Perpetua Resources stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $29.31, for a total value of $119,555.49. Following the sale, the insider owned 44,895 shares of the company’s stock, valued at approximately $1,315,872.45. The trade was a 8.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mckinsey Margaret Lyon sold 8,699 shares of the business’s stock in a transaction 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 completion of the sale, the insider owned 142,329 shares in the company, valued at approximately $4,202,975.37. The trade was a 5.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.57% of the company’s stock.
Perpetua Resources Company Profile
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.
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