Perpetua Resources (NASDAQ:PPTA) Director Alexander Mcleod Sternhell Sells 3,000 Shares

Perpetua Resources Corp. (NASDAQ:PPTA) Director Alexander Mcleod Sternhell sold 3,000 shares of Perpetua Resources stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $29.09, for a total value of $87,270.00. Following the completion of the transaction, the director owned 16,352 shares in the company, valued at $475,679.68. This trade represents a 15.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Alexander Mcleod Sternhell also recently made the following trade(s):

• On Monday, January 5th, Alexander Mcleod Sternhell sold 10,148 shares of Perpetua Resources stock. The shares were sold at an average price of $26.50, for a total transaction of $268,922.00.

Perpetua Resources Trading Up 3.0%

Shares of NASDAQ:PPTA traded up $0.84 during trading on Wednesday, reaching $28.89. The stock had a trading volume of 2,231,870 shares, compared to its average volume of 1,966,804. The firm’s 50-day simple moving average is $24.87 and its 200 day simple moving average is $20.61. Perpetua Resources Corp. has a one year low of $7.81 and a one year high of $31.65. The company has a market capitalization of $3.58 billion, a P/E ratio of -57.77 and a beta of 0.03.

Perpetua Resources (NASDAQ:PPTA) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.23). Equities research analysts forecast that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.

Institutional Trading of Perpetua Resources

Several large investors have recently added to or reduced their stakes in PPTA. Corebridge Financial Inc. increased its holdings in shares of Perpetua Resources by 7.8% in the first quarter. Corebridge Financial Inc. now owns 20,644 shares of the company’s stock valued at $221,000 after purchasing an additional 1,498 shares during the period. Amundi boosted its position in Perpetua Resources by 39.4% in the first quarter. Amundi now owns 1,017,573 shares of the company’s stock valued at $11,397,000 after buying an additional 287,664 shares during the last quarter. AQR Capital Management LLC boosted its position in Perpetua Resources by 12.6% in the first quarter. AQR Capital Management LLC now owns 15,909 shares of the company’s stock valued at $170,000 after buying an additional 1,780 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Perpetua Resources by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,958 shares of the company’s stock worth $672,000 after buying an additional 2,680 shares during the period. Finally, Millennium Management LLC raised its position in Perpetua Resources by 219.0% during the 1st quarter. Millennium Management LLC now owns 1,181,899 shares of the company’s stock worth $12,634,000 after buying an additional 811,363 shares during the last quarter. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Wall Street Analyst Weigh In

PPTA has been the subject of a number of recent analyst reports. UBS Group set a $30.00 price objective on Perpetua Resources in a research report on Thursday, October 9th. Roth Capital set a $32.00 price target on Perpetua Resources and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Zacks Research raised Perpetua Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a report on Wednesday, October 8th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Perpetua Resources in a research report on Tuesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $30.67.

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.