Deutsche Bank AG Has $1.68 Million Stock Holdings in Perpetua Resources Corp. $PPTA

Key Points

• Deutsche Bank AG increased its stake in Perpetua Resources Corp. by 409.2%, owning 157,285 shares worth $1,681,000 after acquiring an additional 126,394 shares.
• Institutional investors own approximately 70.07% of the stock, with several firms like Wells Fargo and Barclays making significant increases to their holdings in the fourth quarter.
• Perpetua Resources reported a Q2 EPS of ($0.08), exceeding analysts' expectations, while analysts project the company to post EPS of -0.21 for the year.

Deutsche Bank AG raised its holdings in shares of Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) by 409.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 157,285 shares of the company's stock after acquiring an additional 126,394 shares during the quarter. Deutsche Bank AG owned approximately 0.22% of Perpetua Resources worth $1,681,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Condire Management LP grew its stake in shares of Perpetua Resources by 6.9% during the 4th quarter. Condire Management LP now owns 890,459 shares of the company's stock worth $9,501,000 after acquiring an additional 57,399 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Perpetua Resources by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 489,958 shares of the company's stock worth $5,228,000 after acquiring an additional 5,129 shares in the last quarter. Millennium Management LLC grew its stake in shares of Perpetua Resources by 226.7% during the 4th quarter. Millennium Management LLC now owns 370,536 shares of the company's stock worth $3,954,000 after acquiring an additional 257,130 shares in the last quarter. Mackenzie Financial Corp bought a new position in shares of Perpetua Resources during the 1st quarter worth approximately $2,734,000. Finally, Squarepoint Ops LLC grew its stake in shares of Perpetua Resources by 222.4% in the fourth quarter. Squarepoint Ops LLC now owns 246,029 shares of the company's stock valued at $2,625,000 after buying an additional 169,713 shares in the last quarter. 70.07% of the stock is owned by institutional investors.

Insider Transactions at Perpetua Resources

In other Perpetua Resources news, major shareholder Paulson & Co. Inc. purchased 7,575,757 shares of the business's stock in a transaction on Monday, June 16th. The stock was acquired at an average price of $13.20 per share, with a total value of $99,999,992.40. Following the acquisition, the insider directly owned 32,347,299 shares of the company's stock, valued at $426,984,346.80. This trade represents a 30.58% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on PPTA shares. National Bankshares reissued an "outperform" rating on shares of Perpetua Resources in a research note on Wednesday, June 18th. Royal Bank Of Canada started coverage on shares of Perpetua Resources in a research note on Friday, July 18th. They issued an "outperform" rating and a $23.00 target price for the company. B. Riley reissued a "buy" rating and issued a $17.00 target price (up from $16.00) on shares of Perpetua Resources in a research note on Wednesday, June 18th. Finally, HC Wainwright raised their target price on shares of Perpetua Resources from $27.50 to $30.00 and gave the company a "buy" rating in a research note on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $22.25.

Perpetua Resources Price Performance

Perpetua Resources stock traded down $0.14 during mid-day trading on Thursday, hitting $18.47. 1,229,764 shares of the company's stock traded hands, compared to its average volume of 1,826,100. The firm has a 50 day simple moving average of $15.55 and a two-hundred day simple moving average of $13.30. Perpetua Resources Corp. has a fifty-two week low of $7.61 and a fifty-two week high of $18.89. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -59.58 and a beta of -0.02.

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

Perpetua Resources 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.