Perpetua Resources (NASDAQ:PPTA) Director Alexander Mcleod Sternhell Sells 10,148 Shares of Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Alexander Mcleod Sternhell sold 10,148 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $26.50, for a total value of $268,922.00. Following the transaction, the director owned 19,352 shares in the company, valued at $512,828. This trade represents a 34.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, January 7th, Alexander Mcleod Sternhell sold 3,000 shares of Perpetua Resources stock. The stock was sold at an average price of $29.09, for a total value of $87,270.00.

Perpetua Resources Stock Up 3.0%

PPTA stock traded up $0.84 during trading on Wednesday, reaching $28.89. 2,231,870 shares of the company’s stock were exchanged, compared to its average volume of 1,966,804. The firm has a market cap of $3.58 billion, a PE ratio of -57.77 and a beta of 0.03. The company’s fifty day moving average price is $24.87 and its 200-day moving average price is $20.61. Perpetua Resources Corp. has a 1-year low of $7.81 and a 1-year high of $31.65.

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

Hedge Funds Weigh In On Perpetua Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Trust Co. NA bought a new stake in shares of Perpetua Resources in the 3rd quarter worth approximately $35,000. Aventura Private Wealth LLC acquired a new position in shares of Perpetua Resources in the fourth quarter valued at $48,000. Lowe Wealth Advisors LLC bought a new stake in Perpetua Resources in the 2nd quarter valued at $26,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Perpetua Resources in the 2nd quarter valued at $31,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of Perpetua Resources in the 3rd quarter valued at $52,000. 70.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PPTA shares. HC Wainwright restated a “buy” rating and set a $30.00 price target on shares of Perpetua Resources in a report on Tuesday, September 23rd. UBS Group set a $30.00 price objective on shares of Perpetua Resources in a report on Thursday, October 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a report on Wednesday, October 8th. B. Riley reiterated a “buy” rating on shares of Perpetua Resources in a research note on Thursday, October 30th. Finally, Wall Street Zen cut Perpetua Resources from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Perpetua Resources presently has an average rating of “Buy” and an average target price of $30.67.

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.