Perpetua Resources Corp. $PPTA Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management increased its Perpetua Resources stake by 3,480.2% in the second quarter, acquiring 244,137 additional shares for a total holding of 251,152 shares valued at approximately $5.2 million. Institutional investors collectively own 70.07% of the company.
• 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.
• PPTA opened at $24.76, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $35.90, compared with the stock’s 52-week range of $16.43 to $37.37.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) by 3,480.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,152 shares of the company's stock after purchasing an additional 244,137 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of Perpetua Resources worth $5,214,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. IFP Advisors Inc raised its holdings in shares of Perpetua Resources by 0.8% in the fourth quarter. IFP Advisors Inc now owns 50,405 shares of the company's stock worth $1,220,000 after acquiring an additional 405 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Perpetua Resources by 4.6% during the second quarter. Tower Research Capital LLC TRC now owns 15,872 shares of the company's stock valued at $193,000 after acquiring an additional 697 shares during the last quarter. Continuum Advisory LLC boosted its stake in shares of Perpetua Resources by 8.5% during the first quarter. Continuum Advisory LLC now owns 12,736 shares of the company's stock valued at $358,000 after acquiring an additional 994 shares during the last quarter. Cetera Investment Advisers increased its position in Perpetua Resources by 6.3% during the 1st quarter. Cetera Investment Advisers now owns 17,646 shares of the company's stock worth $496,000 after purchasing an additional 1,052 shares in the last quarter. Finally, Captrust Financial Advisors increased its position in Perpetua Resources by 6.2% during the 4th quarter. Captrust Financial Advisors now owns 20,667 shares of the company's stock worth $500,000 after purchasing an additional 1,209 shares in the last quarter. Institutional investors and hedge funds own 70.07% of the company's stock.

Perpetua Resources Stock Down 1.3%

PPTA stock opened at $24.76 on Wednesday. The company has a market cap of $3.10 billion, a price-to-earnings ratio of -12.26 and a beta of 0.15. The business has a fifty day simple moving average of $21.94 and a 200-day simple moving average of $25.95. Perpetua Resources Corp. has a 52 week low of $16.43 and a 52 week high of $37.37.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.59). During the same period last year, the firm earned $0.08 earnings per share. As a group, analysts expect that Perpetua Resources Corp. will post -2.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PPTA shares. Zacks Research upgraded shares of Perpetua Resources from a "strong sell" rating to a "hold" rating in a report on Monday, June 8th. Scotiabank initiated coverage on shares of Perpetua Resources in a report on Tuesday, September 1st. They set a "sector outperform" rating for the company. HC Wainwright reissued a "buy" rating and issued a $43.50 price objective on shares of Perpetua Resources in a research report on Tuesday, August 18th. B. Riley Financial started coverage on shares of Perpetua Resources in a research note on Monday, August 3rd. They set a "buy" rating and a $30.00 price objective on the stock. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Perpetua Resources in a research report on Friday, July 17th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Perpetua Resources has a consensus rating of "Moderate Buy" and a consensus price target of $35.90.

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. The company was formerly known as Midas Gold Corp. and changed its name to Perpetua Resources Corp.

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