Perpetua Resources (NASDAQ:PPTA) Insider Sells $256,881.47 in Stock

Perpetua Resources Corp. (NASDAQ:PPTA) insider Mckinsey Margaret Lyon sold 8,699 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $29.53, for a total transaction of $256,881.47. Following the completion of the transaction, the insider directly owned 142,329 shares of the company’s stock, valued at approximately $4,202,975.37. This represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Mckinsey Margaret Lyon also recently made the following trade(s):

• On Thursday, February 12th, Mckinsey Margaret Lyon sold 43,722 shares of Perpetua Resources stock. The shares were sold at an average price of $27.57, for a total transaction of $1,205,415.54.
• On Monday, January 5th, Mckinsey Margaret Lyon sold 32,490 shares of Perpetua Resources stock. The shares were sold at an average price of $26.61, for a total transaction of $864,558.90.

Perpetua Resources Stock Down 0.3%

PPTA stock traded down $0.09 during trading on Thursday, hitting $29.43. The company had a trading volume of 1,657,426 shares, compared to its average volume of 1,719,536. The firm has a 50-day moving average price of $30.15 and a 200-day moving average price of $26.66. Perpetua Resources Corp. has a 12 month low of $8.84 and a 12 month high of $37.37. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of -28.03 and a beta of 0.15.

Perpetua Resources (NASDAQ:PPTA) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.60). Equities analysts expect that Perpetua Resources Corp. will post -0.21 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on PPTA shares. B. Riley Financial lifted their price objective on Perpetua Resources from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perpetua Resources in a research note on Thursday, January 22nd. Finally, HC Wainwright lifted their price target on shares of Perpetua Resources from $30.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Institutional Investors Weigh In On Perpetua Resources

Institutional investors have recently made changes to their positions in the stock. Purpose Unlimited Inc. acquired a new position in Perpetua Resources in the fourth quarter valued at about $1,798,000. Caitong International Asset Management Co. Ltd grew its position in shares of Perpetua Resources by 318.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 13,930 shares of the company’s stock worth $337,000 after buying an additional 10,601 shares during the period. Invesco Ltd. grew its position in shares of Perpetua Resources by 3.6% during the 4th quarter. Invesco Ltd. now owns 49,849 shares of the company’s stock worth $1,207,000 after buying an additional 1,755 shares during the period. NewEdge Advisors LLC increased its stake in shares of Perpetua Resources by 59.3% in the 4th quarter. NewEdge Advisors LLC now owns 84,280 shares of the company’s stock valued at $2,040,000 after acquiring an additional 31,375 shares during the last quarter. Finally, Yaupon Capital Management LP acquired a new stake in shares of Perpetua Resources in the 4th quarter valued at approximately $4,612,000. 70.07% of the stock is owned by institutional investors and hedge funds.

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.