Encompass Capital Advisors LLC Buys New Position in Perpetua Resources Corp. $PPTA

Posted by Brian Himes on Jun 18th, 2026

Encompass Capital Advisors LLC bought a new stake in shares of Perpetua Resources Corp. (NASDAQ:PPTA – Free Report) during the 4th quarter, HoldingsChannel reports. The firm bought 168,750 shares of the company’s stock, valued at approximately $4,085,000.

Other hedge funds have also modified their holdings of the company. TD Asset Management Inc purchased a new stake in shares of Perpetua Resources during the 3rd quarter valued at about $2,648,000. Hohimer Wealth Management LLC purchased a new stake in shares of Perpetua Resources during the 3rd quarter valued at about $1,812,000. Citigroup Inc. raised its holdings in shares of Perpetua Resources by 462.8% during the 3rd quarter. Citigroup Inc. now owns 157,599 shares of the company’s stock valued at $3,190,000 after buying an additional 129,594 shares during the period. Lombard Odier Asset Management USA Corp purchased a new stake in shares of Perpetua Resources during the 3rd quarter valued at about $1,806,000. Finally, Accordant Advisory Group Inc purchased a new stake in Perpetua Resources during the 4th quarter worth approximately $1,640,000. 70.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 value of $119,555.49. Following the completion of the sale, the insider directly owned 44,895 shares in the company, valued at approximately $1,315,872.45. The trade was a 8.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 completion of the sale, the insider owned 142,329 shares of the company’s stock, valued at $4,202,975.37. This trade represents a 5.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.57% of the stock is currently owned by insiders.

Perpetua Resources Stock Down 3.4%

PPTA stock opened at $24.90 on Thursday. Perpetua Resources Corp. has a 52-week low of $11.68 and a 52-week high of $37.37. The stock’s 50 day moving average is $27.79 and its two-hundred day moving average is $28.63. The company has a market capitalization of $3.11 billion and a PE ratio of -18.86.

Perpetua Resources (NASDAQ:PPTA – Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.21). As a group, sell-side analysts anticipate that Perpetua Resources Corp. will post -1.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PPTA. Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a report on Tuesday, April 21st. HC Wainwright lifted their price objective on Perpetua Resources from $41.00 to $43.50 and gave the stock a “buy” rating in a report on Tuesday, May 26th. B. Riley Financial lifted their price objective on Perpetua Resources from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Finally, Zacks Research upgraded Perpetua Resources from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Five 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $35.42.

View Our Latest Research Report on Perpetua Resources

Perpetua Resources Company 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.