Krilogy Financial LLC Boosts Stock Position 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 boosted its holdings in shares of Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 821,914 shares of the company's stock after acquiring an additional 21,010 shares during the quarter. Krilogy Financial LLC owned 0.85% of Perpetua Resources worth $9,978,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Lowe Wealth Advisors LLC purchased a new stake in shares of Perpetua Resources in the 2nd quarter worth $26,000. Medici Capital LLC bought a new position in shares of Perpetua Resources in the 2nd quarter worth $607,000. Goldman Sachs Group Inc. increased its position in Perpetua Resources by 1.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 108,921 shares of the company's stock valued at $1,164,000 after buying an additional 1,835 shares in the last quarter. DLD Asset Management LP acquired a new position in Perpetua Resources during the 1st quarter valued at about $1,069,000. Finally, Rhumbline Advisers increased its position in Perpetua Resources by 6.0% during the 1st quarter. Rhumbline Advisers now owns 64,688 shares of the company's stock valued at $692,000 after buying an additional 3,672 shares in the last quarter. Hedge funds and other institutional investors own 70.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PPTA shares. HC Wainwright upped their target price on Perpetua Resources from $27.50 to $30.00 and gave the company a "buy" rating in a research report on Friday, August 15th. B. Riley upped their target price on Perpetua Resources from $17.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Royal Bank Of Canada started coverage on Perpetua Resources in a research report on Friday, July 18th. They set an "outperform" rating and a $23.00 target price on the stock. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Perpetua Resources in a research report on Wednesday, June 18th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $23.75.

Perpetua Resources Stock Performance

Shares of PPTA stock opened at $18.01 on Tuesday. The stock's 50-day simple moving average is $16.86 and its 200-day simple moving average is $14.07. The firm has a market capitalization of $1.94 billion and a PE ratio of -58.09. Perpetua Resources Corp. has a fifty-two week low of $7.81 and a fifty-two week high of $19.75.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.14) by $0.06. Sell-side analysts forecast that Perpetua Resources Corp. will post -0.21 earnings per share for the current year.

Insider Activity at Perpetua Resources

In other news, insider Michael Stephen Wright sold 10,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $18.31, for a total value of $183,100.00. Following the sale, the insider owned 14,195 shares in the company, valued at $259,910.45. This represents a 41.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by insiders.

About Perpetua Resources

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.

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