231,316 Shares in Perpetua Resources Corp. $PPTA Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp purchased a new position in shares of Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 231,316 shares of the company's stock, valued at approximately $4,802,000. Bank of New York Mellon Corp owned approximately 0.18% of Perpetua Resources as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the business. IFP Advisors Inc boosted its stake in Perpetua Resources by 0.8% during the 4th quarter. IFP Advisors Inc now owns 50,405 shares of the company's stock valued at $1,220,000 after purchasing an additional 405 shares during the period. Tower Research Capital LLC TRC lifted its stake in Perpetua Resources by 4.6% during the second quarter. Tower Research Capital LLC TRC now owns 15,872 shares of the company's stock valued at $193,000 after buying an additional 697 shares in the last quarter. Continuum Advisory LLC grew its position in Perpetua Resources by 8.5% during the 1st quarter. Continuum Advisory LLC now owns 12,736 shares of the company's stock worth $358,000 after purchasing an additional 994 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Perpetua Resources by 6.3% in the first quarter. Cetera Investment Advisers now owns 17,646 shares of the company's stock worth $496,000 after buying an additional 1,052 shares during the period. Finally, Captrust Financial Advisors grew its holdings in shares of Perpetua Resources by 6.2% during the fourth quarter. Captrust Financial Advisors now owns 20,667 shares of the company's stock valued at $500,000 after buying an additional 1,209 shares in the last quarter. 70.07% of the stock is owned by institutional investors and hedge funds.

Perpetua Resources Stock Up 0.2%

Perpetua Resources stock opened at $25.09 on Friday. The stock has a 50-day simple moving average of $21.77 and a 200 day simple moving average of $26.02. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of -12.42 and a beta of 0.15. Perpetua Resources Corp. has a 12-month low of $16.43 and a 12-month high of $37.37.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PPTA shares. Zacks Research upgraded Perpetua Resources from a "strong sell" rating to a "hold" rating in a report on Monday, June 8th. HC Wainwright reaffirmed a "buy" rating and issued a $43.50 price objective on shares of Perpetua Resources in a research note on Tuesday, August 18th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Perpetua Resources in a report on Friday, July 17th. Scotiabank assumed coverage on shares of Perpetua Resources in a research report on Tuesday. They set a "sector outperform" rating on the stock. Finally, B. Riley Financial began coverage on Perpetua Resources in a research note on Monday, August 3rd. They set a "buy" rating and a $30.00 price target for the company. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.90.

Perpetua Resources Company 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. The company was formerly known as Midas Gold Corp. and changed its name to Perpetua Resources Corp.

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