Insider Selling: Perpetua Resources (NASDAQ:PPTA) Insider Sells $353,688.92 in Stock

Perpetua Resources Corp. (NASDAQ:PPTAGet Free Report) insider Jonathan Cherry sold 14,911 shares of the business’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $23.72, for a total transaction of $353,688.92. Following the transaction, the insider owned 36,249 shares in the company, valued at approximately $859,826.28. The trade was a 29.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Perpetua Resources Trading Up 3.1%

Shares of PPTA opened at $24.34 on Thursday. Perpetua Resources Corp. has a 1-year low of $7.81 and a 1-year high of $24.84. The company has a market cap of $2.62 billion, a price-to-earnings ratio of -78.51 and a beta of 0.01. The company’s fifty day simple moving average is $18.42 and its 200 day simple moving average is $15.24.

Perpetua Resources (NASDAQ:PPTAGet Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.06. As a group, research analysts forecast that Perpetua Resources Corp. will post -0.21 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Perpetua Resources from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. HC Wainwright reiterated a “buy” rating and issued a $30.00 price objective on shares of Perpetua Resources in a report on Tuesday, September 23rd. National Bankshares reiterated an “outperform” rating on shares of Perpetua Resources in a report on Wednesday, June 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a research note on Wednesday. Finally, Roth Capital restated a “buy” rating on shares of Perpetua Resources in a research note on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Perpetua Resources has an average rating of “Moderate Buy” and a consensus price target of $24.25.

View Our Latest Report on Perpetua Resources

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PPTA. Paulson & CO. Inc. raised its holdings in Perpetua Resources by 30.6% in the 2nd quarter. Paulson & CO. Inc. now owns 32,347,299 shares of the company’s stock valued at $392,696,000 after buying an additional 7,575,757 shares during the last quarter. Encompass Capital Advisors LLC raised its holdings in Perpetua Resources by 145.0% in the 2nd quarter. Encompass Capital Advisors LLC now owns 3,608,369 shares of the company’s stock valued at $43,806,000 after buying an additional 2,135,478 shares during the last quarter. Sprott Inc. raised its holdings in Perpetua Resources by 15.5% in the 1st quarter. Sprott Inc. now owns 3,395,395 shares of the company’s stock valued at $36,297,000 after buying an additional 456,524 shares during the last quarter. Millennium Management LLC raised its holdings in Perpetua Resources by 219.0% in the 1st quarter. Millennium Management LLC now owns 1,181,899 shares of the company’s stock valued at $12,634,000 after buying an additional 811,363 shares during the last quarter. Finally, Monaco Asset Management SAM bought a new position in Perpetua Resources in the 2nd quarter valued at approximately $12,662,000. Institutional investors own 70.07% of the company’s stock.

Perpetua Resources Company Profile

(Get Free Report)

Perpetua Resources Corp. engages in the exploration and development of mineral properties in the United States. The company primarily explores for gold, silver, and antimony deposits. Its principal asset is the 100% owned Stibnite Gold project, which includes 1,672 unpatented lode claims, mill sites, and patented land holdings covering an area of approximately 11,548 hectares located in Valley County, Idaho.

Featured Articles

Insider Buying and Selling by Quarter for Perpetua Resources (NASDAQ:PPTA)

Receive News & Ratings for Perpetua Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perpetua Resources and related companies with MarketBeat.com's FREE daily email newsletter.