Jeffrey Malmen Sells 5,000 Shares of Perpetua Resources (NASDAQ:PPTA) Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Jeffrey Malmen sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $26.57, for a total value of $132,850.00. Following the completion of the sale, the director owned 14,319 shares of the company’s stock, valued at approximately $380,455.83. This represents a 25.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Perpetua Resources Price Performance

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

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on PPTA. Zacks Research upgraded Perpetua Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. UBS Group set a $30.00 price objective on Perpetua Resources in a report on Thursday, October 9th. Roth Capital set a $32.00 target price on Perpetua Resources and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perpetua Resources in a research report on Wednesday, October 8th. Finally, B. Riley reissued a “buy” rating on shares of Perpetua Resources in a report on Thursday, October 30th. Two investment 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’s stock. According to MarketBeat, Perpetua Resources currently has a consensus rating of “Buy” and an average price target of $30.67.

Institutional Investors Weigh In On Perpetua Resources

A number of institutional investors have recently modified their holdings of the business. Lowe Wealth Advisors LLC purchased a new stake in shares of Perpetua Resources in the second quarter valued at approximately $26,000. Steward Partners Investment Advisory LLC acquired a new stake in Perpetua Resources in the 2nd quarter valued at $31,000. Private Trust Co. NA purchased a new stake in Perpetua Resources in the 3rd quarter worth $35,000. Caitong International Asset Management Co. Ltd purchased a new stake in Perpetua Resources in the 2nd quarter worth $39,000. Finally, Aventura Private Wealth LLC acquired a new position in Perpetua Resources during the fourth quarter worth $48,000. 70.07% of the stock is currently owned by institutional investors and hedge funds.

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.