Steadtrust LLC Buys New Shares in Perpetua Resources Corp. $PPTA

Key Points

• Steadtrust LLC bought a new stake of 34,900 shares (~$845,000) in Perpetua Resources during Q4, and hedge funds/institutional investors now own about 70.07% of the stock.
• Perpetua reported an EPS loss of ($0.61) for the quarter, missing estimates by $0.60 and with analysts forecasting roughly -0.21 EPS for the year; the stock trades near $29.37 with a 12‑month range of $9.28–$37.37 and a market cap of ~$3.67 billion.
• Insiders have been net sellers (56,500 shares worth ~$1.58M over 90 days, insiders own 1.5%), while analyst coverage is mostly positive—consensus is a “Moderate Buy” with a $35 price target and recent upgrades lifting targets to $40–$41.

Steadtrust LLC bought a new stake in shares of Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 34,900 shares of the company's stock, valued at approximately $845,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC purchased a new position in shares of Perpetua Resources in the second quarter valued at about $31,000. Private Trust Co. NA purchased a new position in shares of Perpetua Resources in the third quarter valued at about $35,000. Aventura Private Wealth LLC purchased a new position in shares of Perpetua Resources in the fourth quarter valued at about $48,000. Farther Finance Advisors LLC purchased a new position in shares of Perpetua Resources in the third quarter valued at about $52,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Perpetua Resources by 50.7% in the third quarter. Jones Financial Companies Lllp now owns 2,751 shares of the company's stock valued at $58,000 after acquiring an additional 925 shares in the last quarter. 70.07% of the stock is currently owned by hedge funds and other institutional investors.

Perpetua Resources Trading Up 0.7%

Shares of PPTA stock opened at $29.37 on Wednesday. Perpetua Resources Corp. has a 12-month low of $9.28 and a 12-month high of $37.37. The stock's 50-day moving average price is $29.86 and its 200-day moving average price is $27.04. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of -27.97 and a beta of 0.15.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last issued its earnings results on Tuesday, March 31st. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.60). As a group, research analysts predict that Perpetua Resources Corp. will post -0.21 EPS for the current fiscal year.

Insider Activity

In other news, insider Jonathan Cherry sold 4,079 shares of Perpetua Resources stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $29.31, for a total value of $119,555.49. Following the sale, the insider directly owned 44,895 shares of the company's stock, valued at approximately $1,315,872.45. The trade was a 8.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mckinsey Margaret Lyon sold 8,699 shares of Perpetua Resources stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $29.53, for a total value of $256,881.47. Following the completion of the sale, the insider directly owned 142,329 shares in the company, valued at $4,202,975.37. This trade represents a 5.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 56,500 shares of company stock worth $1,581,853 over the last ninety days. Insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PPTA. HC Wainwright boosted their price objective on Perpetua Resources from $30.00 to $41.00 and gave the company a "buy" rating in a research report on Thursday, February 5th. Weiss Ratings restated a "sell (d-)" rating on shares of Perpetua Resources in a research report on Thursday, January 22nd. Finally, B. Riley Financial boosted their price objective on Perpetua Resources from $30.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.00.

Perpetua Resources Company Profile

Perpetua Resources Inc NASDAQ: PPTA, formerly known as eCobalt Solutions Inc, is a mineral exploration and development company focused on critical metals that support the global clean-energy transition. The company’s primary objective is to advance its flagship Idaho Cobalt Project, a permitted underground mine located near Stibnite, Idaho. This project is designed to produce cobalt, copper, gold and silver, with an emphasis on providing responsibly sourced materials to North American battery and technology markets.

In addition to its Idaho Cobalt Project, Perpetua Resources holds exploration licenses and mineral tenures across the United States and Canada.

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