TD Asset Management Inc Takes Position in Perpetua Resources Corp. $PPTA

TD Asset Management Inc purchased a new stake in shares of Perpetua Resources Corp. (NASDAQ:PPTA) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 130,836 shares of the company’s stock, valued at approximately $2,648,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clearstead Advisors LLC purchased a new position in Perpetua Resources in the 3rd quarter valued at about $166,000. Ameritas Investment Partners Inc. lifted its stake in shares of Perpetua Resources by 47.3% in the third quarter. Ameritas Investment Partners Inc. now owns 6,280 shares of the company’s stock worth $127,000 after acquiring an additional 2,017 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in shares of Perpetua Resources in the third quarter worth about $302,000. Citigroup Inc. boosted its holdings in Perpetua Resources by 462.8% in the third quarter. Citigroup Inc. now owns 157,599 shares of the company’s stock valued at $3,190,000 after purchasing an additional 129,594 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. grew its stake in Perpetua Resources by 44.0% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 195,889 shares of the company’s stock valued at $3,963,000 after purchasing an additional 59,889 shares in the last quarter. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Analyst Ratings Changes

PPTA has been the topic of a number of recent analyst reports. HC Wainwright upped their target price 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 note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.50.

Insider Buying and Selling at Perpetua Resources

In related news, insider Mckinsey Margaret Lyon sold 43,722 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $27.57, for a total transaction of $1,205,415.54. Following the completion of the sale, the insider owned 132,110 shares of the company’s stock, valued at $3,642,272.70. This represents a 24.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alexander Mcleod Sternhell sold 3,000 shares of the stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $29.09, for a total transaction of $87,270.00. Following the sale, the director owned 16,352 shares in the company, valued at approximately $475,679.68. This trade represents a 15.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 121,739 shares of company stock worth $3,289,604 in the last ninety days. 1.50% of the stock is currently owned by company insiders.

Perpetua Resources Trading Down 0.3%

PPTA stock opened at $34.20 on Thursday. The firm has a market cap of $4.26 billion, a P/E ratio of -68.40 and a beta of -0.03. Perpetua Resources Corp. has a 12-month low of $8.06 and a 12-month high of $37.37. The stock’s 50 day simple moving average is $30.15 and its 200 day simple moving average is $25.12.

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.