Hsbc Holdings PLC Sells 17,882 Shares of Perpetua Resources Corp. (NASDAQ:PPTA)

Hsbc Holdings PLC lowered its holdings in shares of Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) by 59.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,144 shares of the company's stock after selling 17,882 shares during the period. Hsbc Holdings PLC's holdings in Perpetua Resources were worth $128,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the company. Sprott Inc. lifted its holdings in Perpetua Resources by 5.3% during the fourth quarter. Sprott Inc. now owns 2,938,871 shares of the company's stock valued at $31,358,000 after purchasing an additional 148,273 shares in the last quarter. Amundi bought a new position in Perpetua Resources during the fourth quarter valued at $7,788,000. Geode Capital Management LLC grew its holdings in shares of Perpetua Resources by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 489,958 shares of the company's stock worth $5,228,000 after purchasing an additional 5,129 shares during the last quarter. Cohen & Steers Inc. bought a new position in shares of Perpetua Resources in the fourth quarter worth about $2,729,000. Finally, Barclays PLC lifted its stake in Perpetua Resources by 167.6% in the fourth quarter. Barclays PLC now owns 198,340 shares of the company's stock worth $2,115,000 after acquiring an additional 124,221 shares during the period. Hedge funds and other institutional investors own 70.07% of the company's stock.

Perpetua Resources Stock Performance

NASDAQ PPTA traded up $0.53 during trading hours on Tuesday, hitting $12.27. 1,990,461 shares of the company's stock were exchanged, compared to its average volume of 646,204. The business's 50 day moving average is $11.88 and its 200-day moving average is $11.14. Perpetua Resources Corp. has a 12-month low of $5.01 and a 12-month high of $15.44. The firm has a market capitalization of $874.68 million, a P/E ratio of -55.77 and a beta of 0.06.

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 for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.07). As a group, equities research analysts anticipate that Perpetua Resources Corp. will post -0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PPTA has been the topic of several research reports. National Bank Financial upgraded shares of Perpetua Resources to a "strong-buy" rating in a report on Friday, March 21st. National Bankshares restated an "outperform" rating on shares of Perpetua Resources in a report on Wednesday, April 2nd. Finally, HC Wainwright reduced their price target on Perpetua Resources from $28.00 to $27.50 and set a "buy" rating on the stock in a report on Tuesday.

Insider Activity

In other Perpetua Resources news, insider Alan Douglas Haslam sold 10,400 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $9.24, for a total transaction of $96,096.00. Following the transaction, the insider now owns 65,763 shares of the company's stock, valued at approximately $607,650.12. This represents a 13.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mckinsey Margaret Lyon sold 22,710 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $8.82, for a total value of $200,302.20. Following the sale, the insider now directly owns 89,154 shares in the company, valued at $786,338.28. The trade was a 20.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 20,230 shares of company stock worth $166,582 and have sold 59,610 shares worth $606,423. 1.50% of the stock is currently owned by corporate insiders.

Perpetua Resources Company 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.