Swiss National Bank Has $1.68 Million Holdings in Perpetua Resources Corp. $PPTA

Swiss National Bank lifted its holdings in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 56.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,200 shares of the company’s stock after buying an additional 49,800 shares during the quarter. Swiss National Bank’s holdings in Perpetua Resources were worth $1,678,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PPTA. U S Global Investors Inc. boosted its position in shares of Perpetua Resources by 66.7% in the 2nd quarter. U S Global Investors Inc. now owns 50,000 shares of the company’s stock worth $607,000 after purchasing an additional 20,000 shares during the last quarter. Monaco Asset Management SAM bought a new stake in Perpetua Resources in the second quarter valued at about $12,662,000. Medici Capital LLC acquired a new position in Perpetua Resources in the second quarter valued at about $607,000. Amundi lifted its stake in Perpetua Resources by 39.4% in the first quarter. Amundi now owns 1,017,573 shares of the company’s stock valued at $11,397,000 after buying an additional 287,664 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Perpetua Resources by 409.2% during the first quarter. Deutsche Bank AG now owns 157,285 shares of the company’s stock worth $1,681,000 after buying an additional 126,394 shares during the last quarter. 70.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Jonathan Cherry sold 14,911 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $23.72, for a total value of $353,688.92. Following the sale, the insider directly owned 36,249 shares of the company’s stock, valued at approximately $859,826.28. The trade was a 29.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

PPTA has been the subject of a number of recent analyst reports. Zacks Research raised Perpetua Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. BMO Capital Markets set a $44.00 price objective on shares of Perpetua Resources in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perpetua Resources in a research note on Wednesday, October 8th. UBS Group set a $30.00 target price on shares of Perpetua Resources in a report on Thursday, October 9th. Finally, B. Riley reissued a “buy” rating on shares of Perpetua Resources in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $29.00.

Perpetua Resources Stock Performance

NASDAQ PPTA opened at $25.92 on Monday. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of -51.84 and a beta of 0.02. The business has a 50 day simple moving average of $23.81 and a 200 day simple moving average of $18.74. Perpetua Resources Corp. has a 52-week low of $7.81 and a 52-week high of $31.65.

Perpetua Resources (NASDAQ:PPTA) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.23). On average, analysts predict that Perpetua Resources Corp. will post -0.21 EPS for the current 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.