Hohimer Wealth Management LLC Makes New Investment in Perpetua Resources Corp. $PPTA

Hohimer Wealth Management LLC acquired a new position in shares of Perpetua Resources Corp. (NASDAQ:PPTA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 89,570 shares of the company’s stock, valued at approximately $1,812,000. Hohimer Wealth Management LLC owned about 0.07% of Perpetua Resources at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PPTA. Paulson & CO. Inc. raised its holdings in Perpetua Resources by 30.6% during the second quarter. Paulson & CO. Inc. now owns 32,347,299 shares of the company’s stock worth $392,696,000 after acquiring an additional 7,575,757 shares in the last quarter. Encompass Capital Advisors LLC increased its position in shares of Perpetua Resources by 145.0% during the 2nd quarter. Encompass Capital Advisors LLC now owns 3,608,369 shares of the company’s stock worth $43,806,000 after purchasing an additional 2,135,478 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Perpetua Resources by 165.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,912,040 shares of the company’s stock worth $38,685,000 after purchasing an additional 1,192,744 shares during the last quarter. Monaco Asset Management SAM bought a new stake in shares of Perpetua Resources during the 2nd quarter worth approximately $12,662,000. Finally, Fourth Sail Capital LP acquired a new stake in shares of Perpetua Resources in the 2nd quarter valued at approximately $12,185,000. Institutional investors own 70.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PPTA shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a research note on Thursday, January 22nd. HC Wainwright increased their price target on shares of Perpetua Resources from $30.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Finally, B. Riley Financial restated a “buy” rating on shares of Perpetua Resources in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.50.

Perpetua Resources Trading Up 7.9%

PPTA opened at $35.67 on Friday. The stock’s fifty day simple moving average is $29.50 and its 200 day simple moving average is $24.56. Perpetua Resources Corp. has a 1-year low of $8.06 and a 1-year high of $35.97. The stock has a market cap of $4.44 billion, a PE ratio of -71.34 and a beta of 0.03.

Insider Activity at Perpetua Resources

In other Perpetua Resources news, insider Mckinsey Margaret Lyon sold 43,722 shares of the stock in a transaction dated 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexander Mcleod Sternhell sold 10,148 shares of the firm’s 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 sale, the director owned 19,352 shares of the company’s stock, valued at $512,828. This trade represents a 34.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 121,739 shares of company stock valued at $3,289,604 over the last three months. Company insiders own 1.50% of the company’s stock.

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.