Rhumbline Advisers Purchases 30,751 Shares of Perpetua Resources Corp. $PPTA

Rhumbline Advisers increased its position in Perpetua Resources Corp. (NASDAQ:PPTA) by 41.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,256 shares of the company’s stock after buying an additional 30,751 shares during the quarter. Rhumbline Advisers’ holdings in Perpetua Resources were worth $2,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of PPTA. Steward Partners Investment Advisory LLC bought a new position in Perpetua Resources during the second quarter valued at approximately $31,000. Private Trust Co. NA purchased a new stake in shares of Perpetua Resources in the 3rd quarter valued at $35,000. Farther Finance Advisors LLC bought a new position in shares of Perpetua Resources during the 3rd quarter valued at $52,000. Jones Financial Companies Lllp raised 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 worth $58,000 after purchasing an additional 925 shares during the period. Finally, Harbor Investment Advisory LLC boosted its position in Perpetua Resources by 519.6% during the third quarter. Harbor Investment Advisory LLC now owns 3,098 shares of the company’s stock valued at $63,000 after buying an additional 2,598 shares during the period. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Perpetua Resources Price Performance

PPTA opened at $36.86 on Friday. Perpetua Resources Corp. has a one year low of $8.06 and a one year high of $36.89. The business has a 50 day simple moving average of $29.68 and a two-hundred day simple moving average of $24.69. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of -73.72 and a beta of 0.03.

Insiders Place Their Bets

In other Perpetua Resources news, insider Mckinsey Margaret Lyon sold 43,722 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $27.57, for a total value of $1,205,415.54. Following the completion of the transaction, the insider directly owned 132,110 shares in the company, valued at approximately $3,642,272.70. This represents a 24.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Alan Dean sold 2,400 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $27.14, for a total transaction of $65,136.00. Following the completion of the sale, the director directly owned 22,302 shares of the company’s stock, valued at approximately $605,276.28. This represents a 9.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 121,739 shares of company stock worth $3,289,604. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PPTA. HC Wainwright lifted their price objective on Perpetua Resources from $30.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Perpetua Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.50.

Perpetua Resources 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.