Bank of New York Mellon Corp Buys 17,954 Shares of Perpetua Resources Corp. (NASDAQ:PPTA)

Bank of New York Mellon Corp boosted its position in Perpetua Resources Corp. (NASDAQ:PPTA) by 20.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,551 shares of the company’s stock after buying an additional 17,954 shares during the period. Bank of New York Mellon Corp owned approximately 0.17% of Perpetua Resources worth $559,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PPTA. M&G Plc acquired a new stake in Perpetua Resources in the first quarter valued at approximately $805,000. Price T Rowe Associates Inc. MD bought a new stake in Perpetua Resources during the 1st quarter valued at $51,000. Russell Investments Group Ltd. increased its stake in Perpetua Resources by 1.6% during the 1st quarter. Russell Investments Group Ltd. now owns 581,600 shares of the company’s stock valued at $2,419,000 after purchasing an additional 8,985 shares in the last quarter. B. Riley Financial Inc. raised its holdings in Perpetua Resources by 1.6% during the fourth quarter. B. Riley Financial Inc. now owns 1,489,903 shares of the company’s stock worth $4,723,000 after buying an additional 24,152 shares during the last quarter. Finally, Nokomis Capital L.L.C. bought a new position in shares of Perpetua Resources in the first quarter valued at $406,000. 70.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on PPTA shares. HC Wainwright reissued a “buy” rating and set a $13.25 target price on shares of Perpetua Resources in a research report on Thursday, August 22nd. National Bank Financial started coverage on Perpetua Resources in a report on Friday, September 6th. They set an “outperform” rating for the company.

Perpetua Resources Trading Down 1.1 %

Shares of NASDAQ:PPTA opened at $8.66 on Tuesday. The stock has a market cap of $559.70 million, a PE ratio of -32.07 and a beta of 0.29. The stock’s fifty day simple moving average is $7.64 and its two-hundred day simple moving average is $6.30. Perpetua Resources Corp. has a 1-year low of $2.69 and a 1-year high of $9.70.

Perpetua Resources (NASDAQ:PPTA) last released its quarterly earnings results on Friday, August 9th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. On average, sell-side analysts forecast that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.

Perpetua Resources Profile

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.