Intact Investment Management Inc. Takes $4.18 Million Position in Perpetua Resources Corp. $PPTA

Intact Investment Management Inc. purchased a new stake in shares of Perpetua Resources Corp. (NASDAQ:PPTA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 172,800 shares of the company’s stock, valued at approximately $4,183,000.

A number of other hedge funds also recently made changes to their positions in PPTA. Aventura Private Wealth LLC bought a new stake in Perpetua Resources during the fourth quarter worth approximately $48,000. Farther Finance Advisors LLC bought a new stake in Perpetua Resources during the third quarter worth approximately $52,000. Jones Financial Companies Lllp raised its holdings in Perpetua Resources by 50.7% during the third quarter. Jones Financial Companies Lllp now owns 2,751 shares of the company’s stock worth $58,000 after purchasing an additional 925 shares in the last quarter. Harbor Investment Advisory LLC raised its holdings in Perpetua Resources by 519.6% during the third quarter. Harbor Investment Advisory LLC now owns 3,098 shares of the company’s stock worth $63,000 after purchasing an additional 2,598 shares in the last quarter. Finally, Private Trust Co. NA raised its holdings in Perpetua Resources by 71.4% during the fourth quarter. Private Trust Co. NA now owns 3,000 shares of the company’s stock worth $73,000 after purchasing an additional 1,250 shares in the last quarter. Institutional investors own 70.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PPTA. Zacks Research cut Perpetua Resources from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a report on Tuesday, April 21st. B. Riley Financial boosted their target price on Perpetua Resources from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Finally, HC Wainwright reissued a “buy” rating and set a $41.00 target price on shares of Perpetua Resources in a report 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. Based on data from MarketBeat, Perpetua Resources currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Insider Buying and Selling at Perpetua Resources

In other Perpetua Resources news, insider Jonathan Cherry sold 4,079 shares of the company’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $29.31, for a total value of $119,555.49. Following the transaction, the insider owned 44,895 shares of the company’s stock, valued at approximately $1,315,872.45. This represents a 8.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 $3,642,272.70. This represents a 24.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 56,500 shares of company stock worth $1,581,853 in the last ninety days. 0.57% of the stock is owned by corporate insiders.

Perpetua Resources Stock Performance

NASDAQ PPTA opened at $26.91 on Tuesday. The stock has a market capitalization of $3.36 billion, a P/E ratio of -25.63 and a beta of 0.02. Perpetua Resources Corp. has a 1 year low of $11.22 and a 1 year high of $37.37. The business’s fifty day moving average is $30.20 and its two-hundred day moving average is $28.00.

Perpetua Resources (NASDAQ:PPTA) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.60). On average, research analysts forecast that Perpetua Resources Corp. will post -1.56 earnings per share for the current year.

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.