Van ECK Associates Corp Sells 177,609 Shares of Perpetua Resources Corp. (NASDAQ:PPTA)

Van ECK Associates Corp lessened its stake in shares of Perpetua Resources Corp. (NASDAQ:PPTA – Get Rating) by 73.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,095 shares of the company’s stock after selling 177,609 shares during the quarter. Van ECK Associates Corp’s holdings in Perpetua Resources were worth $131,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eidelman Virant Capital boosted its position in shares of Perpetua Resources by 156.4% during the 2nd quarter. Eidelman Virant Capital now owns 910,100 shares of the company’s stock worth $2,557,000 after purchasing an additional 555,100 shares in the last quarter. State Street Corp boosted its position in shares of Perpetua Resources by 14.4% during the 1st quarter. State Street Corp now owns 326,843 shares of the company’s stock worth $1,340,000 after purchasing an additional 41,117 shares in the last quarter. Millennium Management LLC bought a new position in shares of Perpetua Resources during the 2nd quarter worth about $1,215,000. Sei Investments Co. bought a new position in shares of Perpetua Resources during the 2nd quarter worth about $912,000. Finally, Vanguard Group Inc. boosted its position in shares of Perpetua Resources by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 164,766 shares of the company’s stock worth $676,000 after purchasing an additional 4,593 shares in the last quarter. Institutional investors own 69.23% of the company’s stock.

Perpetua Resources Price Performance

PPTA opened at $3.55 on Friday. Perpetua Resources Corp. has a fifty-two week low of $1.69 and a fifty-two week high of $4.88. The firm has a market capitalization of $223.69 million, a PE ratio of -7.87 and a beta of 0.35. The company’s 50-day moving average is $2.51 and its 200 day moving average is $2.46.

Perpetua Resources (NASDAQ:PPTA – Get Rating) last posted its earnings results on Thursday, November 10th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). As a group, analysts expect that Perpetua Resources Corp. will post -0.43 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PPTA shares. Roth Capital assumed coverage on shares of Perpetua Resources in a research report on Monday, October 17th. They set a “buy” rating and a $4.00 price objective on the stock. B. Riley lowered their target price on shares of Perpetua Resources from $22.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, October 25th.

Perpetua Resources Company Profile

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Perpetua Resources Corp. engages in the mineral exploration activities in the United States. The company primarily explores for gold, silver, and antimony. Its principal asset is the 100% owned Stibnite gold project located in Valley County, Idaho. The company was formerly known as Midas Gold Corp. and changed its name to Perpetua Resources Corp.