Robert Alan Dean Sells 2,400 Shares of Perpetua Resources (NASDAQ:PPTA) Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Robert Alan Dean sold 2,400 shares of Perpetua Resources stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $27.14, for a total transaction of $65,136.00. Following the completion of the transaction, the director owned 22,302 shares of the company’s stock, valued at $605,276.28. This represents a 9.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, January 5th, Robert Alan Dean sold 3,308 shares of Perpetua Resources stock. The shares were sold at an average price of $26.28, for a total transaction of $86,934.24.
• On Wednesday, December 24th, Robert Alan Dean sold 5,000 shares of Perpetua Resources stock. The stock was 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 stock was sold at an average price of $27.55, for a total value of $178,799.50.

Perpetua Resources Stock Up 3.0%

Shares of NASDAQ:PPTA traded up $0.84 during midday trading on Wednesday, reaching $28.89. 2,231,870 shares of the company traded hands, compared to its average volume of 1,966,804. The firm’s fifty day moving average price is $24.87 and its two-hundred day moving average price is $20.61. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of -57.77 and a beta of 0.03. Perpetua Resources Corp. has a 12 month low of $7.81 and a 12 month high of $31.65.

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

Hedge Funds Weigh In On Perpetua Resources

A number of large investors have recently modified their holdings of the company. Private Trust Co. NA purchased a new stake in Perpetua Resources in the third quarter worth approximately $35,000. Aventura Private Wealth LLC purchased a new stake in shares of Perpetua Resources in the 4th quarter valued at $48,000. Lowe Wealth Advisors LLC bought a new position in shares of Perpetua Resources during the 2nd quarter valued at $26,000. Steward Partners Investment Advisory LLC purchased a new position in Perpetua Resources in the 2nd quarter worth $31,000. Finally, Farther Finance Advisors LLC bought a new stake in Perpetua Resources in the third quarter worth $52,000. 70.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group set a $30.00 target price on shares of Perpetua Resources in a report on Thursday, October 9th. Wall Street Zen cut shares of Perpetua Resources from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Zacks Research upgraded Perpetua Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. HC Wainwright restated a “buy” rating and set a $30.00 target price on shares of Perpetua Resources in a research report on Tuesday, September 23rd. Finally, BMO Capital Markets set a $44.00 target price on Perpetua Resources in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target 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.