Perpetua Resources Corp. (NASDAQ:PPTA) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,357 shares of the company’s stock after selling 3,164 shares during the period. Bank of New York Mellon Corp owned approximately 0.12% of Perpetua Resources worth $868,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ninety One UK Ltd purchased a new position in shares of Perpetua Resources in the 4th quarter valued at about $1,693,000. State Street Corp increased its holdings in Perpetua Resources by 8.8% in the third quarter. State Street Corp now owns 593,502 shares of the company’s stock valued at $5,549,000 after buying an additional 48,220 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Perpetua Resources by 232.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 57,158 shares of the company’s stock valued at $534,000 after acquiring an additional 39,954 shares during the period. Barclays PLC boosted its stake in shares of Perpetua Resources by 63.4% during the 3rd quarter. Barclays PLC now owns 74,119 shares of the company’s stock worth $694,000 after acquiring an additional 28,746 shares in the last quarter. Finally, PEAK6 Investments LLC purchased a new stake in Perpetua Resources during the third quarter worth $243,000. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Insider Activity at Perpetua Resources

In other news, insider Alan Douglas Haslam sold 10,400 shares of Perpetua Resources stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $9.24, for a total value of $96,096.00. Following the completion of the sale, the insider now owns 65,763 shares of the company’s stock, valued at $607,650.12. The trade was a 13.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Alan Dean bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average price of $8.32 per share, with a total value of $41,600.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $83,200. The trade was a 100.00 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 20,230 shares of company stock valued at $166,582. Company insiders own 1.90% of the company’s stock.

Perpetua Resources Stock Up 0.4 %

NASDAQ PPTA opened at $11.20 on Wednesday. Perpetua Resources Corp. has a fifty-two week low of $4.02 and a fifty-two week high of $13.23. The business has a fifty day moving average of $10.54 and a 200-day moving average of $10.32. The stock has a market cap of $787.82 million, a price-to-earnings ratio of -50.91 and a beta of 0.27.

Perpetua Resources (NASDAQ:PPTA) last released its earnings results on Wednesday, March 19th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. As a group, analysts anticipate that Perpetua Resources Corp. will post -0.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. HC Wainwright raised their price target on Perpetua Resources from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, March 21st. National Bank Financial upgraded shares of Perpetua Resources to a “strong-buy” rating in a report on Friday, March 21st. Finally, Roth Mkm upped their price target on shares of Perpetua Resources from $15.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 7th.

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.