Teacher Retirement System of Texas Takes Position in Perpetua Resources Corp. $PPTA

Teacher Retirement System of Texas purchased a new stake in Perpetua Resources Corp. (NASDAQ:PPTA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 802,385 shares of the company’s stock, valued at approximately $19,426,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Private Trust Co. NA purchased a new position in shares of Perpetua Resources during the third quarter valued at approximately $35,000. Aventura Private Wealth LLC purchased a new position in shares of Perpetua Resources during the fourth quarter valued at approximately $48,000. Farther Finance Advisors LLC purchased a new position in shares of Perpetua Resources during the third quarter valued at approximately $52,000. Jones Financial Companies Lllp lifted its stake in shares of Perpetua Resources by 50.7% during the third quarter. Jones Financial Companies Lllp now owns 2,751 shares of the company’s stock valued at $58,000 after buying an additional 925 shares during the period. Finally, Harbor Investment Advisory LLC lifted its stake in shares of 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 Stock Down 1.1%

NASDAQ:PPTA opened at $29.14 on Friday. The company has a market cap of $3.64 billion, a P/E ratio of -27.75 and a beta of 0.15. Perpetua Resources Corp. has a fifty-two week low of $11.22 and a fifty-two week high of $37.37. The firm’s 50 day moving average is $30.33 and its two-hundred day moving average is $27.90.

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

Analyst Upgrades and Downgrades

PPTA has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a research note on Tuesday. B. Riley Financial upped their price objective on shares of Perpetua Resources from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Zacks Research downgraded shares of Perpetua Resources from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. Finally, HC Wainwright reissued a “buy” rating and set a $41.00 price objective on shares of Perpetua Resources in a research note on Wednesday, April 8th. Six investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Insider Buying and Selling

In other Perpetua Resources news, insider Mckinsey Margaret Lyon sold 43,722 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $27.57, for a total transaction 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 trade represents a 24.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jonathan Cherry sold 4,079 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $29.31, for a total transaction of $119,555.49. Following the transaction, the insider directly owned 44,895 shares in the company, valued at approximately $1,315,872.45. This represents a 8.33% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 56,500 shares of company stock worth $1,581,853. 1.50% of the stock is currently owned by insiders.

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.