Perpetua Resources (NASDAQ:PPTA) Insider Sells $1,205,415.54 in Stock

Perpetua Resources Corp. (NASDAQ:PPTA) insider Mckinsey Margaret Lyon sold 43,722 shares of the stock in a transaction 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 completion of the sale, the insider owned 132,110 shares in the company, valued at approximately $3,642,272.70. This trade represents a 24.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Mckinsey Margaret Lyon also recently made the following trade(s):

• On Monday, January 5th, Mckinsey Margaret Lyon sold 32,490 shares of Perpetua Resources stock. The shares were sold at an average price of $26.61, for a total transaction of $864,558.90.

Perpetua Resources Stock Performance

Shares of PPTA stock traded down $0.78 during midday trading on Tuesday, hitting $28.08. 2,958,253 shares of the company were exchanged, compared to its average volume of 2,025,791. Perpetua Resources Corp. has a 52 week low of $7.81 and a 52 week high of $35.97. The firm has a market capitalization of $3.50 billion, a P/E ratio of -56.16 and a beta of 0.03. The firm’s 50 day moving average price is $28.88 and its two-hundred day moving average price is $23.95.

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

Wall Street Analyst Weigh In

PPTA has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a research report on Thursday, January 22nd. HC Wainwright increased their price target on Perpetua Resources from $30.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. BMO Capital Markets set a $44.00 price objective on Perpetua Resources in a research note on Tuesday, October 28th. B. Riley Financial reiterated a “buy” rating on shares of Perpetua Resources in a research report on Thursday, October 30th. Finally, Roth Mkm set a $32.00 price objective on shares of Perpetua Resources and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $32.50.

Institutional Trading of Perpetua Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PPTA. Cetera Investment Advisers increased its position in shares of Perpetua Resources by 45.0% during the fourth quarter. Cetera Investment Advisers now owns 16,594 shares of the company’s stock worth $402,000 after buying an additional 5,147 shares during the period. Amundi raised its position in shares of Perpetua Resources by 29.5% in the 4th quarter. Amundi now owns 1,008,796 shares of the company’s stock worth $24,423,000 after acquiring an additional 229,650 shares in the last quarter. FIL Ltd acquired a new position in shares of Perpetua Resources in the 4th quarter valued at about $968,000. Price T Rowe Associates Inc. MD boosted its position in shares of Perpetua Resources by 19.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 48,174 shares of the company’s stock valued at $1,167,000 after purchasing an additional 7,736 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new stake in Perpetua Resources during the fourth quarter worth approximately $2,837,000. Institutional investors and hedge funds own 70.07% 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.