Perpetua Resources (NASDAQ:PPTA) Director Sells $178,799.50 in Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Robert Alan Dean sold 6,490 shares of the stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $27.55, for a total value of $178,799.50. Following the completion of the sale, the director directly owned 23,510 shares of the company’s stock, valued at approximately $647,700.50. This represents a 21.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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.

Perpetua Resources Stock Performance

Shares of PPTA stock traded down $1.23 during trading on Monday, hitting $24.70. 2,220,973 shares of the company were exchanged, compared to its average volume of 2,189,914. The business’s 50-day simple moving average is $24.66 and its 200 day simple moving average is $19.95. Perpetua Resources Corp. has a twelve month low of $7.81 and a twelve month high of $31.65. The firm has a market capitalization of $3.06 billion, a price-to-earnings 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 for the quarter, missing the consensus estimate of ($0.01) by ($0.23). On average, equities analysts forecast that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Perpetua Resources

A number of hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in Perpetua Resources by 11.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 102,439 shares of the company’s stock worth $1,095,000 after buying an additional 10,683 shares in the last quarter. Invesco Ltd. lifted its stake in Perpetua Resources by 64.5% during the first quarter. Invesco Ltd. now owns 28,225 shares of the company’s stock worth $302,000 after purchasing an additional 11,072 shares during the period. Nuveen LLC acquired a new stake in Perpetua Resources during the first quarter valued at approximately $747,000. Corebridge Financial Inc. grew its stake in shares of Perpetua Resources by 7.8% in the 1st quarter. Corebridge Financial Inc. now owns 20,644 shares of the company’s stock valued at $221,000 after purchasing an additional 1,498 shares during the period. Finally, Amundi grew its stake in shares of Perpetua Resources by 39.4% in the 1st quarter. Amundi now owns 1,017,573 shares of the company’s stock valued at $11,397,000 after purchasing an additional 287,664 shares during the period. 70.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Perpetua Resources from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. UBS Group set a $30.00 price objective on shares of Perpetua Resources in a research report on Thursday, October 9th. Zacks Research upgraded shares of Perpetua Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. B. Riley restated a “buy” rating on shares of Perpetua Resources in a research note on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perpetua Resources in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price 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.