TD Asset Management Inc Has $14.76 Million Stock Position in Perpetua Resources Corp. $PPTA

TD Asset Management Inc raised its holdings in Perpetua Resources Corp. (NASDAQ:PPTA) by 365.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 608,857 shares of the company’s stock after acquiring an additional 478,021 shares during the quarter. TD Asset Management Inc owned approximately 0.49% of Perpetua Resources worth $14,760,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PPTA. Aventura Private Wealth LLC acquired a new position in Perpetua Resources in the 4th quarter valued at approximately $48,000. Jones Financial Companies Lllp increased its position in Perpetua Resources by 50.7% in the 3rd 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 during the period. Pilgrim Partners Asia Pte Ltd increased its position in Perpetua Resources by 225.0% in the 4th quarter. Pilgrim Partners Asia Pte Ltd now owns 2,600 shares of the company’s stock valued at $63,000 after acquiring an additional 1,800 shares during the period. Private Trust Co. NA increased its position in Perpetua Resources by 71.4% in the 4th quarter. Private Trust Co. NA now owns 3,000 shares of the company’s stock valued at $73,000 after acquiring an additional 1,250 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Perpetua Resources in the 3rd quarter valued at $74,000. 70.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PPTA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perpetua Resources in a research note on Tuesday, April 21st. B. Riley Financial upped their price objective on shares of Perpetua Resources from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. HC Wainwright upped their price objective on shares of Perpetua Resources from $41.00 to $43.50 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, Zacks Research lowered shares of Perpetua Resources from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.42.

Insider Buying and Selling at Perpetua Resources

In related news, insider Mckinsey Margaret Lyon sold 8,699 shares of the stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $29.53, for a total transaction of $256,881.47. Following the transaction, the insider directly owned 142,329 shares of the company’s stock, valued at $4,202,975.37. This represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan Cherry sold 4,079 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $29.31, for a total transaction of $119,555.49. Following the transaction, the insider directly owned 44,895 shares in the company, valued at approximately $1,315,872.45. This represents a 8.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is owned by corporate insiders.

Perpetua Resources Stock Performance

NASDAQ:PPTA opened at $22.91 on Tuesday. The firm’s fifty day moving average is $28.37 and its 200-day moving average is $28.61. Perpetua Resources Corp. has a 52 week low of $11.68 and a 52 week high of $37.37. The firm has a market cap of $2.86 billion and a P/E ratio of -17.36.

Perpetua Resources (NASDAQ:PPTA) last issued its earnings results on Monday, May 11th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.21). As a group, sell-side analysts anticipate that Perpetua Resources Corp. will post -1.42 earnings per share for the current year.

About Perpetua Resources

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.