Capstone Wealth Management Group LLC Purchases New Holdings in Perpetua Resources Corp. $PPTA

Capstone Wealth Management Group LLC purchased a new stake in Perpetua Resources Corp. (NASDAQ:PPTA) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,455 shares of the company’s stock, valued at approximately $758,000.

Several other institutional investors have also recently made changes to their positions in PPTA. Osterweis Capital Management Inc. acquired a new position in shares of Perpetua Resources during the 2nd quarter worth approximately $26,000. Compass Financial Management LLC acquired a new stake in shares of Perpetua Resources in the 2nd quarter valued at approximately $29,000. Signaturefd LLC boosted its holdings in shares of Perpetua Resources by 3,120.4% in the 3rd quarter. Signaturefd LLC now owns 1,739 shares of the company’s stock valued at $38,000 after buying an additional 1,685 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Perpetua Resources in the second quarter valued at $41,000. Finally, Sterling Capital Management LLC grew its stake in shares of Perpetua Resources by 839.7% in the third quarter. Sterling Capital Management LLC now owns 2,838 shares of the company’s stock valued at $61,000 after buying an additional 2,536 shares in the last quarter. Institutional investors and hedge funds own 70.07% of the company’s stock.

Perpetua Resources Stock Down 2.0%

Shares of NASDAQ PPTA opened at $18.94 on Thursday. The business’s 50 day moving average price is $20.59 and its two-hundred day moving average price is $24.97. The company has a market cap of $2.37 billion, a PE ratio of -9.38 and a beta of 0.24. Perpetua Resources Corp. has a twelve month low of $15.66 and a twelve month high of $37.37.

Perpetua Resources (NASDAQ:PPTA) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.59). During the same quarter in the previous year, the company posted $0.08 earnings per share. As a group, research analysts anticipate that Perpetua Resources Corp. will post -2.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. HC Wainwright restated a “buy” rating and set a $43.50 target price on shares of Perpetua Resources in a report on Wednesday, September 30th. B. Riley Financial assumed coverage on shares of Perpetua Resources in a research note on Monday, August 3rd. They issued a “buy” rating and a $30.00 price target for the company. Zacks Research cut shares of Perpetua Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a research report on Thursday, October 15th. Finally, Scotiabank began coverage on shares of Perpetua Resources in a research note on Tuesday, September 1st. They set a “sector outperform” rating on the stock. Three equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $36.75.

Perpetua Resources Profile

Perpetua Resources Corp. is a mineral development company focused on advancing the Stibnite Gold Project in central Idaho. The project is designed to produce gold and antimony, a critical mineral used in defense applications, energy technologies, flame retardants and other industrial products. The company is pursuing the project through its U.S. subsidiary, Stibnite Gold Project LLC. The Stibnite Gold Project is located in the historic Stibnite-Yellow Pine mining district. Perpetua’s activities include permitting, engineering, environmental studies and project development, as well as planning for the restoration of legacy environmental impacts associated with earlier mining in the area.