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

Perpetua Resources Corp. (NASDAQ:PPTA) Director Robert Alan Dean sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $26.31, for a total transaction of $131,550.00. Following the transaction, the director owned 18,510 shares of the company’s stock, valued at approximately $486,998.10. The trade was a 21.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 stock was sold at an average price of $27.55, for a total value of $178,799.50.

Perpetua Resources Stock Performance

NASDAQ:PPTA opened at $24.52 on Wednesday. Perpetua Resources Corp. has a 1 year low of $7.81 and a 1 year high of $31.65. The stock has a market cap of $3.04 billion, a P/E ratio of -49.04 and a beta of 0.02. The stock has a 50-day simple moving average of $24.63 and a 200-day simple moving average of $20.12.

Perpetua Resources (NASDAQ:PPTA) last issued its earnings results 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 research analysts predict that Perpetua Resources Corp. will post -0.21 EPS for the current year.

Analyst Ratings Changes

PPTA has been the topic of a number of recent analyst reports. UBS Group set a $30.00 target price on shares of Perpetua Resources in a research report on Thursday, October 9th. B. Riley reiterated a “buy” rating on shares of Perpetua Resources in a research report on Thursday, October 30th. BMO Capital Markets set a $44.00 target price on Perpetua Resources in a research report on Tuesday, October 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a research note on Wednesday, October 8th. Finally, Roth Capital set a $32.00 price target on Perpetua Resources and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Two investment 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 stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $29.00.

Hedge Funds Weigh In On Perpetua Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its stake in Perpetua Resources by 4.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 15,872 shares of the company’s stock valued at $193,000 after acquiring an additional 697 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Perpetua Resources by 50.7% during the third quarter. Jones Financial Companies Lllp now owns 2,751 shares of the company’s stock worth $58,000 after purchasing an additional 925 shares during the last quarter. Corebridge Financial Inc. raised its stake in shares of Perpetua Resources by 7.8% during the first quarter. Corebridge Financial Inc. now owns 20,644 shares of the company’s stock worth $221,000 after purchasing an additional 1,498 shares during the last quarter. Private Trust Co. NA acquired a new stake in shares of Perpetua Resources during the third quarter worth $35,000. Finally, Moore Capital Management LP grew its position in Perpetua Resources by 0.6% in the 3rd quarter. Moore Capital Management LP now owns 304,177 shares of the company’s stock valued at $6,154,000 after buying an additional 1,777 shares during the last quarter. Hedge funds and other institutional investors own 70.07% of the company’s stock.

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.