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

Rhumbline Advisers grew its position in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 41.3% during the third quarter, according to its most recent 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 period. Rhumbline Advisers owned 0.09% of Perpetua Resources worth $2,129,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new stake in Perpetua Resources during the second quarter valued at about $31,000. Private Trust Co. NA bought a new stake in shares of Perpetua Resources in the third quarter valued at approximately $35,000. Farther Finance Advisors LLC purchased a new stake in shares of Perpetua Resources during the 3rd quarter valued at approximately $52,000. Jones Financial Companies Lllp boosted its holdings 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 buying an additional 925 shares during the period. Finally, Harbor Investment Advisory LLC grew its stake in Perpetua Resources by 519.6% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Insider Activity at Perpetua Resources

In other news, Director Alexander Mcleod Sternhell sold 10,148 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $26.50, for a total transaction of $268,922.00. Following the sale, the director owned 19,352 shares in the company, valued at approximately $512,828. This trade represents a 34.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jeffrey L. Malmen sold 10,181 shares of Perpetua Resources stock in a transaction on Monday, January 5th. The stock was sold at an average price of $26.34, for a total transaction of $268,167.54. Following the sale, the director directly owned 19,319 shares of the company’s stock, valued at $508,862.46. This represents a 34.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 121,739 shares of company stock valued at $3,289,604 in the last ninety days. 1.50% of the stock is currently owned by company insiders.

Perpetua Resources Stock Up 3.3%

Perpetua Resources stock opened at $36.86 on Friday. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of -73.72 and a beta of 0.03. The business has a 50-day simple moving average of $29.68 and a 200 day simple moving average of $24.69. Perpetua Resources Corp. has a 52 week low of $8.06 and a 52 week high of $36.89.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perpetua Resources in a report on Thursday, January 22nd. HC Wainwright upped their price target on Perpetua Resources from $30.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Perpetua Resources has a consensus rating of “Moderate Buy” and an average price target of $32.50.

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.