TD Asset Management Inc Acquires 478,021 Shares of Perpetua Resources Corp. $PPTA

TD Asset Management Inc raised its holdings in Perpetua Resources Corp. (NASDAQ:PPTA) by 365.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 608,857 shares of the company’s stock after buying an additional 478,021 shares during the period. TD Asset Management Inc’s holdings in Perpetua Resources were worth $14,760,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in PPTA. Alyeska Investment Group L.P. lifted its stake in shares of Perpetua Resources by 40.4% in the third quarter. Alyeska Investment Group L.P. now owns 4,581,234 shares of the company’s stock valued at $92,678,000 after buying an additional 1,318,008 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Perpetua Resources by 65.1% in the fourth quarter. Vanguard Group Inc. now owns 3,157,670 shares of the company’s stock valued at $76,447,000 after buying an additional 1,245,630 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Perpetua Resources by 53.4% in the third quarter. Van ECK Associates Corp now owns 2,840,546 shares of the company’s stock valued at $57,464,000 after buying an additional 989,090 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Perpetua Resources by 219.0% in the first quarter. Millennium Management LLC now owns 1,181,899 shares of the company’s stock valued at $12,634,000 after buying an additional 811,363 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Perpetua Resources in the fourth quarter valued at $19,426,000. 70.07% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Jonathan Cherry sold 4,079 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $29.31, for a total value of $119,555.49. Following the completion of the sale, the insider owned 44,895 shares in the company, valued at $1,315,872.45. This represents a 8.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mckinsey Margaret Lyon sold 8,699 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $29.53, for a total transaction of $256,881.47. Following the completion of the sale, the insider owned 142,329 shares of the company’s stock, valued at approximately $4,202,975.37. This represents a 5.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.57% of the company’s stock.

Perpetua Resources Price Performance

Shares of PPTA stock opened at $22.91 on Tuesday. The firm has a 50-day moving average of $28.37 and a 200-day moving average of $28.61. The company has a market cap of $2.86 billion and a P/E ratio of -17.36. Perpetua Resources Corp. has a one year low of $11.68 and a one year high of $37.37.

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

Wall Street Analysts Forecast Growth

PPTA has been the topic of a number of recent research reports. HC Wainwright raised 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. Zacks Research lowered shares of Perpetua Resources from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. B. Riley Financial raised 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. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perpetua Resources in a research note on Tuesday, April 21st. Six investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.42.

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.