Perpetua Resources (NASDAQ:PPTA) Director Sells $65,136.00 in Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Robert Alan Dean sold 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $27.14, for a total value of $65,136.00. Following the transaction, the director directly owned 22,302 shares in the company, valued at $605,276.28. The trade was a 9.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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 transaction 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 transaction of $178,799.50.

Perpetua Resources Price Performance

Shares of NASDAQ:PPTA traded up $0.84 during midday trading on Wednesday, hitting $28.89. 2,231,870 shares of the company’s stock were exchanged, compared to its average volume of 1,966,804. Perpetua Resources Corp. has a 12 month low of $7.81 and a 12 month high of $31.65. The company has a market cap of $3.58 billion, a PE ratio of -57.77 and a beta of 0.03. The stock has a 50 day moving average price of $24.87 and a 200-day moving average price of $20.61.

Perpetua Resources (NASDAQ:PPTA) last released 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, analysts anticipate that Perpetua Resources Corp. will post -0.21 EPS for the current fiscal year.

Institutional Trading of Perpetua Resources

A number of large investors have recently bought and sold shares of the company. Lowe Wealth Advisors LLC purchased a new position in shares of Perpetua Resources during the 2nd quarter valued at $26,000. Steward Partners Investment Advisory LLC bought a new stake in Perpetua Resources in the 2nd quarter valued at about $31,000. Private Trust Co. NA purchased a new stake in Perpetua Resources during the third quarter valued at about $35,000. Caitong International Asset Management Co. Ltd bought a new position in Perpetua Resources during the second quarter worth about $39,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of Perpetua Resources in the fourth quarter worth about $48,000. 70.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PPTA has been the subject of several analyst reports. Wall Street Zen downgraded shares of Perpetua Resources from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. HC Wainwright restated a “buy” rating and issued a $30.00 target price on shares of Perpetua Resources in a research note on Tuesday, September 23rd. BMO Capital Markets set a $44.00 price target on Perpetua Resources in a research report on Tuesday, October 28th. UBS Group set a $30.00 price objective on Perpetua Resources in a research report on Thursday, October 9th. Finally, B. Riley reiterated a “buy” rating on shares of Perpetua Resources in a research note on Thursday, October 30th. Two research 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. Based on data from MarketBeat, the stock has an average 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.