Perpetua Resources Corp. (NASDAQ:PPTA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Perpetua Resources Corp. (NASDAQ:PPTA) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $35.00.

Several research analysts have recently commented on the company. B. Riley Financial raised their price target on Perpetua Resources from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Zacks Research lowered Perpetua Resources from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 8th. HC Wainwright restated a “buy” rating and set a $41.00 price target on shares of Perpetua Resources in a research report on Wednesday, April 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a research report on Tuesday.

Insider Buying and Selling at Perpetua Resources

In related news, insider Mckinsey Margaret Lyon sold 43,722 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $27.57, for a total transaction of $1,205,415.54. Following the completion of the transaction, the insider directly owned 132,110 shares of the company’s stock, valued at $3,642,272.70. The trade was a 24.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jonathan Cherry sold 4,079 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $29.31, for a total value of $119,555.49. Following the transaction, the insider directly owned 44,895 shares of the company’s stock, valued at $1,315,872.45. The trade was a 8.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 56,500 shares of company stock valued at $1,581,853 over the last three months. 1.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC acquired a new position in Perpetua Resources during the 4th quarter worth $31,000. Private Trust Co. NA acquired a new position in Perpetua Resources during the 3rd quarter worth $35,000. UMB Bank n.a. acquired a new position in Perpetua Resources during the 4th quarter worth $36,000. Kestra Advisory Services LLC acquired a new position in Perpetua Resources during the 4th quarter worth $40,000. Finally, Aventura Private Wealth LLC acquired a new position in Perpetua Resources during the 4th quarter worth $48,000. 70.07% of the stock is owned by institutional investors and hedge funds.

Perpetua Resources Stock Down 3.4%

PPTA opened at $29.47 on Friday. Perpetua Resources has a 52 week low of $11.22 and a 52 week high of $37.37. The business has a fifty day simple moving average of $30.33 and a 200-day simple moving average of $27.86. The firm has a market cap of $3.68 billion, a P/E ratio of -28.07 and a beta of 0.15.

Perpetua Resources (NASDAQ:PPTA) last released its quarterly earnings results on Tuesday, March 31st. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.60). Sell-side analysts expect that Perpetua Resources will post -1.56 earnings per share for the current year.

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.