SG Americas Securities LLC Makes New Investment in Perpetua Resources Corp. $PPTA

SG Americas Securities LLC acquired a new stake in Perpetua Resources Corp. (NASDAQ:PPTA) during the 1st quarter, Holdings Channel reports. The institutional investor acquired 27,047 shares of the company’s stock, valued at approximately $761,000.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC purchased a new position in shares of Perpetua Resources in the 4th quarter valued at $31,000. UMB Bank n.a. bought a new stake in shares of Perpetua Resources during the 4th quarter valued at about $36,000. Kestra Advisory Services LLC bought a new stake in shares of Perpetua Resources during the 4th quarter valued at about $40,000. Aventura Private Wealth LLC acquired a new stake in Perpetua Resources during the fourth quarter worth about $48,000. Finally, Pilgrim Partners Asia Pte Ltd raised its stake in Perpetua Resources by 225.0% during the fourth quarter. Pilgrim Partners Asia Pte Ltd now owns 2,600 shares of the company’s stock worth $63,000 after acquiring an additional 1,800 shares during the period. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Perpetua Resources Trading Down 2.6%

Shares of NASDAQ:PPTA opened at $20.58 on Tuesday. The firm’s 50 day moving average is $25.42 and its two-hundred day moving average is $28.23. Perpetua Resources Corp. has a 52 week low of $12.20 and a 52 week high of $37.37. The firm has a market capitalization of $2.58 billion, a P/E ratio of -15.64 and a beta of 0.05.

Perpetua Resources (NASDAQ:PPTA) last issued 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). Analysts predict that Perpetua Resources Corp. will post -1.42 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on PPTA shares. Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a research note on Tuesday, April 21st. B. Riley Financial boosted their price objective on Perpetua Resources from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Zacks Research upgraded Perpetua Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Finally, HC Wainwright increased their target price on Perpetua Resources from $41.00 to $43.50 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.42.

Perpetua Resources 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.