Krilogy Financial LLC Sells 41,785 Shares of Perpetua Resources Corp. $PPTA

Krilogy Financial LLC lessened its position in Perpetua Resources Corp. (NASDAQ:PPTA) by 6.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 625,864 shares of the company’s stock after selling 41,785 shares during the period. Krilogy Financial LLC owned approximately 0.50% of Perpetua Resources worth $17,599,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. TD Asset Management Inc acquired a new stake in Perpetua Resources in the 3rd quarter valued at $2,648,000. Hohimer Wealth Management LLC bought a new position in shares of Perpetua Resources in the third quarter valued at $1,812,000. Citigroup Inc. grew its holdings in shares of Perpetua Resources by 462.8% during the third quarter. Citigroup Inc. now owns 157,599 shares of the company’s stock valued at $3,190,000 after buying an additional 129,594 shares during the last quarter. Lombard Odier Asset Management USA Corp acquired a new position in shares of Perpetua Resources during the third quarter valued at about $1,806,000. Finally, Accordant Advisory Group Inc bought a new stake in shares of Perpetua Resources during the fourth quarter worth about $1,640,000. Institutional investors own 70.07% of the company’s stock.

Perpetua Resources Price Performance

Shares of PPTA stock opened at $22.33 on Wednesday. The firm has a 50-day moving average of $27.30 and a 200-day moving average of $28.58. Perpetua Resources Corp. has a one year low of $11.68 and a one year high of $37.37. The company has a market cap of $2.79 billion and a P/E ratio of -16.92.

Perpetua Resources (NASDAQ:PPTA) last released its quarterly earnings results 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, research analysts expect that Perpetua Resources Corp. will post -1.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, insider Mckinsey Margaret Lyon sold 8,699 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $4,202,975.37. This represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jonathan Cherry sold 4,079 shares of Perpetua Resources 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 sale, the insider owned 44,895 shares in the company, valued at $1,315,872.45. This trade represents a 8.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.57% of the stock is owned by insiders.

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.