Perpetua Resources Corp. (NASDAQ:PPTA) Position Reduced by Krilogy Financial LLC

Krilogy Financial LLC reduced its position in Perpetua Resources Corp. (NASDAQ:PPTA) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 862,704 shares of the company’s stock after selling 159,930 shares during the period. Krilogy Financial LLC owned about 1.23% of Perpetua Resources worth $9,205,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PPTA. JPMorgan Chase & Co. grew its holdings in shares of Perpetua Resources by 232.2% during the third quarter. JPMorgan Chase & Co. now owns 57,158 shares of the company’s stock valued at $534,000 after buying an additional 39,954 shares in the last quarter. Virtu Financial LLC boosted its position in Perpetua Resources by 43.6% during the 3rd quarter. Virtu Financial LLC now owns 34,478 shares of the company’s stock worth $322,000 after acquiring an additional 10,463 shares during the period. Barclays PLC grew its stake in Perpetua Resources by 63.4% during the 3rd quarter. Barclays PLC now owns 74,119 shares of the company’s stock valued at $694,000 after acquiring an additional 28,746 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Perpetua Resources by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 484,829 shares of the company’s stock valued at $4,533,000 after purchasing an additional 2,252 shares during the period. Finally, Continuum Advisory LLC lifted its position in shares of Perpetua Resources by 500.0% in the third quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock worth $44,000 after purchasing an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 70.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. HC Wainwright upped their price objective on shares of Perpetua Resources from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Roth Mkm increased their price objective on Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th.

Perpetua Resources Stock Up 1.7 %

Shares of PPTA opened at $11.91 on Friday. The firm’s 50 day moving average price is $10.97 and its 200 day moving average price is $9.13. Perpetua Resources Corp. has a twelve month low of $2.69 and a twelve month high of $13.23.

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.