Insider Selling: Perpetua Resources (NASDAQ:PPTA) Director Sells $86,934.24 in Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Robert Alan Dean sold 3,308 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $26.28, for a total value of $86,934.24. Following the completion of the sale, the director owned 24,702 shares in the company, valued at approximately $649,168.56. The trade was a 11.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Robert Alan Dean also recently made the following trade(s):

• On Tuesday, January 6th, Robert Alan Dean sold 2,400 shares of Perpetua Resources stock. The stock was sold at an average price of $27.14, for a total value of $65,136.00.
• On Wednesday, December 24th, Robert Alan Dean sold 5,000 shares of Perpetua Resources stock. The shares were sold at an average price of $26.31, for a total value of $131,550.00.
• On Tuesday, December 23rd, Robert Alan Dean sold 6,490 shares of Perpetua Resources stock. The shares were sold at an average price of $27.55, for a total value of $178,799.50.

Perpetua Resources Stock Performance

Shares of Perpetua Resources stock opened at $29.68 on Friday. The business has a 50-day simple moving average of $25.07 and a 200-day simple moving average of $20.79. Perpetua Resources Corp. has a one year low of $7.81 and a one year high of $31.65. The company has a market cap of $3.68 billion, a PE ratio of -59.36 and a beta of 0.03.

Perpetua Resources (NASDAQ:PPTA) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.23). On average, sell-side analysts predict that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Perpetua Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Trust Co. NA purchased a new position in shares of Perpetua Resources during the 3rd quarter worth approximately $35,000. Aventura Private Wealth LLC acquired a new stake in Perpetua Resources in the fourth quarter valued at $48,000. Lowe Wealth Advisors LLC purchased a new stake in shares of Perpetua Resources during the 2nd quarter worth $26,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Perpetua Resources during the 2nd quarter worth $31,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Perpetua Resources in the third quarter valued at about $52,000. Institutional investors and hedge funds own 70.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on PPTA. BMO Capital Markets set a $44.00 price objective on Perpetua Resources in a report on Tuesday, October 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Perpetua Resources in a research note on Wednesday, October 8th. Roth Capital set a $32.00 price objective on shares of Perpetua Resources and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Wall Street Zen cut shares of Perpetua Resources from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Finally, Zacks Research raised shares of Perpetua Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Two investment 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. Based on data from MarketBeat.com, Perpetua Resources 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.