Deutsche Bank AG Buys New Shares in Perpetua Resources Corp. $PPTA

Key Points

• Deutsche Bank acquired 428,965 shares of Perpetua Resources in the second quarter, valued at approximately $8.9 million and representing about 0.34% of the company. Institutional investors collectively own 70.07% of PPTA.
• Perpetua Resources reported a quarterly loss of $0.78 per share, missing the consensus estimate of a $0.19 loss; analysts expect a full-year loss of $2.16 per share.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $35.90, compared with the stock’s reported price of $25.70.

Deutsche Bank AG bought a new position in shares of Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 428,965 shares of the company's stock, valued at approximately $8,905,000. Deutsche Bank AG owned approximately 0.34% of Perpetua Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. IFP Advisors Inc boosted its stake in shares of Perpetua Resources by 0.8% during the 4th quarter. IFP Advisors Inc now owns 50,405 shares of the company's stock worth $1,220,000 after acquiring an additional 405 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Perpetua Resources by 21.0% during the fourth quarter. Farther Finance Advisors LLC now owns 3,123 shares of the company's stock valued at $76,000 after purchasing an additional 541 shares during the last quarter. Benjamin Edwards Inc. boosted its position in shares of Perpetua Resources by 0.5% in the 4th quarter. Benjamin Edwards Inc. now owns 102,645 shares of the company's stock valued at $2,485,000 after purchasing an additional 543 shares during the period. Tower Research Capital LLC TRC increased its stake in Perpetua Resources by 4.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,872 shares of the company's stock worth $193,000 after purchasing an additional 697 shares in the last quarter. Finally, Continuum Advisory LLC increased its stake in Perpetua Resources by 8.5% in 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. Institutional investors own 70.07% of the company's stock.

Perpetua Resources Price Performance

Shares of NASDAQ:PPTA opened at $25.70 on Monday. The firm has a fifty day moving average of $21.41 and a two-hundred day moving average of $26.24. The firm has a market capitalization of $3.22 billion, a P/E ratio of -12.72 and a beta of 0.09. 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 results on Friday, August 14th. The company reported ($0.78) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.59). During the same quarter last year, the firm posted $0.08 EPS. Equities research analysts expect that Perpetua Resources Corp. will post -2.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

PPTA has been the subject of several recent analyst reports. B. Riley Financial assumed coverage on shares of Perpetua Resources in a report on Monday, August 3rd. They issued a "buy" rating and a $30.00 target price for the company. Zacks Research upgraded shares of Perpetua Resources from a "strong sell" rating to a "hold" rating in a research report on Monday, June 8th. Weiss Ratings reissued a "sell (d-)" rating on shares of Perpetua Resources in a research note on Friday, July 17th. Finally, HC Wainwright restated a "buy" rating and issued a $43.50 target price on shares of Perpetua Resources in a report on Tuesday, August 18th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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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