Van ECK Associates Corp Acquires 989,090 Shares of Perpetua Resources Corp. $PPTA

Van ECK Associates Corp grew its holdings in shares of Perpetua Resources Corp. (NASDAQ:PPTA) by 53.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,840,546 shares of the company’s stock after acquiring an additional 989,090 shares during the period. Van ECK Associates Corp owned about 2.33% of Perpetua Resources worth $57,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of PPTA. Private Trust Co. NA purchased a new position in shares of Perpetua Resources during the 3rd quarter valued at about $35,000. Steward Partners Investment Advisory LLC purchased a new stake in Perpetua Resources in the 2nd quarter worth approximately $31,000. Farther Finance Advisors LLC bought a new stake in Perpetua Resources during the 3rd quarter worth approximately $52,000. Jones Financial Companies Lllp raised its stake in Perpetua Resources by 50.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,751 shares of the company’s stock worth $58,000 after acquiring an additional 925 shares during the period. Finally, Harbor Investment Advisory LLC lifted 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 valued at $63,000 after purchasing an additional 2,598 shares in the last quarter. 70.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on PPTA shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perpetua Resources in a report on Thursday, January 22nd. HC Wainwright boosted their price objective 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 analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.50.

Perpetua Resources Stock Performance

Shares of NASDAQ PPTA opened at $32.95 on Wednesday. The company has a market cap of $4.10 billion, a P/E ratio of -65.90 and a beta of -0.03. Perpetua Resources Corp. has a 52-week low of $8.30 and a 52-week high of $37.37. The firm’s fifty day moving average is $30.72 and its two-hundred day moving average is $25.61.

Insider Transactions at Perpetua Resources

In related news, Director Alexander Mcleod Sternhell sold 10,148 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $26.50, for a total transaction of $268,922.00. Following the completion of the transaction, the director directly owned 19,352 shares of the company’s stock, valued at approximately $512,828. This represents a 34.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mckinsey Margaret Lyon sold 43,722 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider owned 132,110 shares of the company’s stock, valued at $3,642,272.70. This represents a 24.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 121,739 shares of company stock valued at $3,289,604 in the last ninety days. Corporate insiders own 1.90% of the company’s stock.

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.