Perpetua Resources (NASDAQ:PPTA) Director Robert Alan Dean Sells 5,000 Shares

Perpetua Resources Corp. (NASDAQ:PPTA) Director Robert Alan Dean sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $26.31, for a total value of $131,550.00. Following the completion of the transaction, the director owned 18,510 shares in the company, valued at $486,998.10. This represents a 21.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction of $178,799.50.

Perpetua Resources Stock Down 4.7%

PPTA stock traded down $1.23 during trading hours on Monday, hitting $24.70. The company’s stock had a trading volume of 2,220,973 shares, compared to its average volume of 2,189,914. The stock has a 50 day moving average price of $24.66 and a two-hundred day moving average price of $19.95. Perpetua Resources Corp. has a 12 month low of $7.81 and a 12 month high of $31.65. The company has a market capitalization of $3.06 billion, a PE ratio of -49.40 and a beta of 0.02.

Perpetua Resources (NASDAQ:PPTA) last released 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). Sell-side analysts expect that Perpetua Resources Corp. will post -0.21 earnings per share for the current year.

Institutional Investors Weigh In On Perpetua Resources

Hedge funds have recently modified their holdings of the business. Lowe Wealth Advisors LLC acquired a new stake in Perpetua Resources in the 2nd quarter valued at $26,000. Steward Partners Investment Advisory LLC bought a new position in shares of Perpetua Resources during the second quarter valued at $31,000. Private Trust Co. NA bought a new stake in shares of Perpetua Resources in the 3rd quarter worth about $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Perpetua Resources during the 2nd quarter worth about $39,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Perpetua Resources during the 3rd quarter worth about $52,000. 70.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on PPTA shares. BMO Capital Markets set a $44.00 price objective on Perpetua Resources in a report on Tuesday, October 28th. Wall Street Zen downgraded Perpetua Resources from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a research report on Wednesday, October 8th. B. Riley reaffirmed a “buy” rating on shares of Perpetua Resources in a report on Thursday, October 30th. Finally, Zacks Research upgraded shares of Perpetua Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $29.00.

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.