Krilogy Financial LLC Sells 61,800 Shares of Perpetua Resources Corp. (NASDAQ:PPTA)

Krilogy Financial LLC lessened its stake in Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 800,904 shares of the company's stock after selling 61,800 shares during the quarter. Krilogy Financial LLC owned approximately 1.13% of Perpetua Resources worth $8,562,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ancora Advisors LLC bought a new stake in Perpetua Resources during the fourth quarter worth $37,000. GAMMA Investing LLC increased its stake in shares of Perpetua Resources by 1,658.4% during the 1st quarter. GAMMA Investing LLC now owns 4,308 shares of the company's stock worth $46,000 after purchasing an additional 4,063 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Perpetua Resources in the 4th quarter valued at about $55,000. ProShare Advisors LLC acquired a new stake in Perpetua Resources in the 4th quarter valued at about $116,000. Finally, ExodusPoint Capital Management LP acquired a new stake in Perpetua Resources in the 4th quarter valued at about $140,000. 70.07% of the stock is owned by institutional investors.

Perpetua Resources Stock Performance

Shares of PPTA stock traded up $0.07 during midday trading on Tuesday, hitting $13.07. 4,399,396 shares of the company were exchanged, compared to its average volume of 827,877. Perpetua Resources Corp. has a 52 week low of $5.01 and a 52 week high of $17.96. The firm has a market capitalization of $935.03 million, a P/E ratio of -45.07 and a beta of 0.02. The firm's 50 day moving average price is $13.98 and its two-hundred day moving average price is $11.95.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.07). Analysts expect that Perpetua Resources Corp. will post -0.21 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on PPTA shares. National Bankshares restated an "outperform" rating on shares of Perpetua Resources in a research note on Wednesday, April 2nd. HC Wainwright reissued a "buy" rating and set a $27.50 target price on shares of Perpetua Resources in a report on Tuesday. Finally, National Bank Financial raised Perpetua Resources to a "strong-buy" rating in a report on Friday, March 21st.

Insider Transactions at Perpetua Resources

In other Perpetua Resources news, major shareholder Paulson & Co. Inc. acquired 7,575,757 shares of the business's stock in a transaction on Monday, June 16th. The stock was purchased at an average price of $13.20 per share, with a total value of $99,999,992.40. Following the acquisition, the insider now directly owns 32,347,299 shares of the company's stock, valued at approximately $426,984,346.80. This trade represents a 30.58% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mckinsey Margaret Lyon sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $11.00, for a total transaction of $220,000.00. Following the transaction, the insider now directly owns 89,154 shares in the company, valued at $980,694. This represents a 18.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate 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.