Accordant Advisory Group Inc Acquires New Holdings in Perpetua Resources Corp. $PPTA

Key Points

• Accordant Advisory Group acquired a new stake of 67,733 shares (~$1.64M) in Perpetua Resources during Q4, making it the firm's 22nd-largest holding and about 1.1% of its portfolio; institutional investors own roughly 70.07% of PPTA.
• Corporate insiders sold 56,500 shares (~$1.58M) over the past three months, including recent April sales by Jonathan Cherry and Margaret Lyon that reduced their ownership stakes.
• Analysts maintain a "Moderate Buy" consensus with an average price target of $35 (several firms raised targets to $40–$41), while Perpetua missed last quarter's EPS at ($0.61) vs. ($0.01) expected.

Accordant Advisory Group Inc acquired a new stake in shares of Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 67,733 shares of the company's stock, valued at approximately $1,640,000. Perpetua Resources accounts for about 1.1% of Accordant Advisory Group Inc's investment portfolio, making the stock its 22nd largest holding. Accordant Advisory Group Inc owned about 0.05% of Perpetua Resources at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA bought a new position in Perpetua Resources in the third quarter worth approximately $35,000. Aventura Private Wealth LLC bought a new position in Perpetua Resources in the fourth quarter worth approximately $48,000. Farther Finance Advisors LLC bought a new position in Perpetua Resources in the third quarter worth approximately $52,000. Jones Financial Companies Lllp raised its position in Perpetua Resources by 50.7% in the third quarter. Jones Financial Companies Lllp now owns 2,751 shares of the company's stock worth $58,000 after acquiring an additional 925 shares during the period. Finally, Harbor Investment Advisory LLC raised its position in Perpetua Resources by 519.6% in the third quarter. Harbor Investment Advisory LLC now owns 3,098 shares of the company's stock worth $63,000 after acquiring an additional 2,598 shares during the period. 70.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on PPTA shares. HC Wainwright reiterated a "buy" rating and issued a $41.00 price target on shares of Perpetua Resources in a research report on Wednesday. Weiss Ratings reissued a "sell (d-)" rating on shares of Perpetua Resources in a research note on Thursday, January 22nd. Finally, B. Riley Financial increased their price objective on shares of Perpetua Resources from $30.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $35.00.

Insiders Place Their Bets

In other news, insider Jonathan Cherry sold 4,079 shares of the stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $29.31, for a total value of $119,555.49. Following the completion of the sale, the insider directly owned 44,895 shares of the company's stock, valued at $1,315,872.45. This represents a 8.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mckinsey Margaret Lyon sold 8,699 shares of the firm's stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $29.53, for a total transaction of $256,881.47. Following the transaction, the insider directly owned 142,329 shares of the company's stock, valued at $4,202,975.37. The trade was a 5.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 56,500 shares of company stock valued at $1,581,853. Corporate insiders own 1.50% of the company's stock.

Perpetua Resources Price Performance

Shares of NASDAQ PPTA opened at $30.13 on Friday. The firm has a fifty day moving average price of $29.73 and a 200-day moving average price of $27.08. The stock has a market cap of $3.76 billion, a PE ratio of -28.70 and a beta of 0.15. Perpetua Resources Corp. has a 1 year low of $10.64 and a 1 year high of $37.37.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.60). On average, research analysts expect that Perpetua Resources Corp. will post -0.21 EPS for the current year.

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.

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