UBS Group AG Sells 195,825 Shares of Perpetua Resources Corp. $PPTA

UBS Group AG lowered its stake in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 42.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,225 shares of the company’s stock after selling 195,825 shares during the quarter. UBS Group AG’s holdings in Perpetua Resources were worth $6,373,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Alyeska Investment Group L.P. grew its holdings in Perpetua Resources by 40.4% during the third quarter. Alyeska Investment Group L.P. now owns 4,581,234 shares of the company’s stock worth $92,678,000 after buying an additional 1,318,008 shares in the last quarter. Vanguard Group Inc. grew its holdings in Perpetua Resources by 65.1% during the fourth quarter. Vanguard Group Inc. now owns 3,157,670 shares of the company’s stock worth $76,447,000 after buying an additional 1,245,630 shares in the last quarter. Van ECK Associates Corp grew its holdings in Perpetua Resources by 53.4% during the third quarter. Van ECK Associates Corp now owns 2,840,546 shares of the company’s stock worth $57,464,000 after buying an additional 989,090 shares in the last quarter. Millennium Management LLC grew its holdings in Perpetua Resources by 219.0% during the first quarter. Millennium Management LLC now owns 1,181,899 shares of the company’s stock worth $12,634,000 after buying an additional 811,363 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Perpetua Resources during the fourth quarter worth $19,426,000. Institutional investors own 70.07% of the company’s stock.

Insider Buying and Selling at Perpetua Resources

In other Perpetua Resources news, insider Jonathan Cherry sold 4,079 shares of the business’s stock in a transaction 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $29.53, for a total value of $256,881.47. Following the completion of the transaction, the insider directly owned 142,329 shares in the company, valued at approximately $4,202,975.37. This represents a 5.76% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is currently owned by insiders.

Perpetua Resources Trading Down 7.5%

PPTA stock opened at $24.64 on Wednesday. The stock’s fifty day simple moving average is $29.25 and its two-hundred day simple moving average is $28.31. Perpetua Resources Corp. has a 1-year low of $11.68 and a 1-year high of $37.37. The stock has a market cap of $3.08 billion, a P/E ratio of -18.67 and a beta of 0.02.

Perpetua Resources (NASDAQ:PPTA) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.21). As a group, analysts forecast that Perpetua Resources Corp. will post -1.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. B. Riley Financial upped their price target on Perpetua Resources from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Perpetua Resources in a report on Tuesday, April 21st. Zacks Research downgraded Perpetua Resources from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 8th. Finally, HC Wainwright reiterated a “buy” rating and set a $41.00 price target on shares of Perpetua Resources in a report on Wednesday, April 8th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, Perpetua Resources currently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

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.