Perpetua Resources (NASDAQ:PPTA) Director Robert Alan Dean Sells 3,308 Shares

Perpetua Resources Corp. (NASDAQ:PPTA) Director Robert Alan Dean sold 3,308 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $26.28, for a total transaction of $86,934.24. Following the completion of the sale, the director owned 24,702 shares of the company’s stock, valued at approximately $649,168.56. The trade was a 11.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, January 6th, Robert Alan Dean sold 2,400 shares of Perpetua Resources stock. The shares were sold at an average price of $27.14, for a total transaction of $65,136.00.
• 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 stock was sold at an average price of $27.55, for a total value of $178,799.50.

Perpetua Resources Trading Up 3.0%

NASDAQ PPTA traded up $0.84 on Wednesday, reaching $28.89. The stock had a trading volume of 2,231,870 shares, compared to its average volume of 1,966,804. Perpetua Resources Corp. has a 1 year low of $7.81 and a 1 year high of $31.65. The business has a 50 day moving average price of $24.87 and a 200 day moving average price of $20.61. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of -57.77 and a beta of 0.03.

Perpetua Resources (NASDAQ:PPTA) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.24) earnings per share 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 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Perpetua Resources

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Lowe Wealth Advisors LLC bought a new position in shares of Perpetua Resources in the second quarter worth about $26,000. Steward Partners Investment Advisory LLC acquired a new stake in Perpetua Resources in the 2nd quarter valued at approximately $31,000. Private Trust Co. NA acquired a new stake in Perpetua Resources in the 3rd quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd bought a new position in Perpetua Resources in the 2nd quarter worth approximately $39,000. Finally, Aventura Private Wealth LLC acquired a new position in shares of Perpetua Resources during the fourth quarter worth approximately $48,000. 70.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PPTA has been the topic of a number of recent research reports. BMO Capital Markets set a $44.00 price target on shares of Perpetua Resources in a report on Tuesday, October 28th. HC Wainwright restated a “buy” rating and set a $30.00 target price on shares of Perpetua Resources in a report on Tuesday, September 23rd. B. Riley reaffirmed a “buy” rating on shares of Perpetua Resources in a research report on Thursday, October 30th. Roth Capital set a $32.00 price objective on Perpetua Resources and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen downgraded Perpetua Resources from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. Two investment 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 stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target 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.