Krilogy Financial LLC Grows Holdings in Perpetua Resources Corp. $PPTA

Key Points

• Krilogy Financial LLC increased its stake in Perpetua Resources Corp. by 2.6%, acquiring an additional 21,010 shares, bringing its total holdings to 821,914 shares worth approximately $9.98 million.
• Wall Street analysts have a generally positive outlook for Perpetua Resources, with several firms raising their target prices, including HC Wainwright raising it to $30.00 and B. Riley to $23.00.
• The stock trades at around $18.01 with a market capitalization of $1.94 billion, showing significant growth potential from its 52-week low of $7.81.

Krilogy Financial LLC grew its holdings in shares of Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) by 2.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 821,914 shares of the company's stock after purchasing an additional 21,010 shares during the period. Krilogy Financial LLC owned about 0.85% of Perpetua Resources worth $9,978,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Medici Capital LLC acquired a new stake in shares of Perpetua Resources during the 2nd quarter worth $607,000. ProShare Advisors LLC bought a new stake in shares of Perpetua Resources during the 4th quarter worth approximately $116,000. Deutsche Bank AG increased its stake in Perpetua Resources by 409.2% in the first quarter. Deutsche Bank AG now owns 157,285 shares of the company's stock valued at $1,681,000 after acquiring an additional 126,394 shares during the last quarter. Amundi increased 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 acquiring an additional 287,664 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Perpetua Resources by 6.0% during the first quarter. Rhumbline Advisers now owns 64,688 shares of the company's stock valued at $692,000 after purchasing an additional 3,672 shares in the last quarter. Institutional investors and hedge funds own 70.07% of the company's stock.

Perpetua Resources Trading Up 5.2%

NASDAQ PPTA traded up $0.90 on Friday, hitting $18.31. 7,721,812 shares of the company were exchanged, compared to its average volume of 2,066,045. The company has a market cap of $1.97 billion and a PE ratio of -59.06. The stock has a fifty day moving average of $17.15 and a 200-day moving average of $14.24. Perpetua Resources Corp. has a 12 month low of $7.81 and a 12 month high of $19.75.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.06. On average, analysts expect that Perpetua Resources Corp. will post -0.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

PPTA has been the topic of several recent analyst reports. HC Wainwright boosted their price target on Perpetua Resources from $27.50 to $30.00 and gave the stock a "buy" rating in a report on Friday, August 15th. National Bankshares reissued an "outperform" rating on shares of Perpetua Resources in a report on Wednesday, June 18th. B. Riley raised their price target on shares of Perpetua Resources from $17.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. Wall Street Zen upgraded shares of Perpetua Resources from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Royal Bank Of Canada assumed coverage on Perpetua Resources in a research report on Friday, July 18th. They set an "outperform" rating and a $23.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat.com, Perpetua Resources presently has an average rating of "Buy" and an average target price of $23.75.

Insider Transactions at Perpetua Resources

In other Perpetua Resources news, insider Michael Stephen Wright sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $18.31, for a total value of $183,100.00. Following the completion of the sale, the insider owned 14,195 shares of the company's stock, valued at approximately $259,910.45. This trade represents a 41.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company's stock.

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.