Perpetua Resources (NASDAQ:PPTA) Insider Sells $864,558.90 in Stock

Perpetua Resources Corp. (NASDAQ:PPTA) insider Mckinsey Margaret Lyon sold 32,490 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $26.61, for a total value of $864,558.90. Following the completion of the sale, the insider owned 96,664 shares in the company, valued at $2,572,229.04. The trade was a 25.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Perpetua Resources Stock Up 0.9%

Shares of PPTA stock opened at $29.68 on Friday. Perpetua Resources Corp. has a 12 month low of $7.81 and a 12 month high of $31.65. The company’s fifty day simple moving average is $25.07 and its 200-day simple moving average is $20.79. The firm has a market cap of $3.68 billion, a PE ratio of -59.36 and a beta of 0.03.

Perpetua Resources (NASDAQ:PPTA) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.23). On average, equities analysts predict that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PPTA. Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a research note on Wednesday, October 8th. HC Wainwright restated a “buy” rating and issued a $30.00 price target on shares of Perpetua Resources in a research note on Tuesday, September 23rd. B. Riley reaffirmed a “buy” rating on shares of Perpetua Resources in a research report on Thursday, October 30th. Wall Street Zen downgraded shares of Perpetua Resources from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Finally, UBS Group set a $30.00 target price on shares of Perpetua Resources in a research note on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $30.67.

Institutional Trading of Perpetua Resources

Hedge funds and other institutional investors have recently bought and sold shares of the business. Paulson & CO. Inc. grew its position in shares of Perpetua Resources by 30.6% during the 2nd quarter. Paulson & CO. Inc. now owns 32,347,299 shares of the company’s stock worth $392,696,000 after purchasing an additional 7,575,757 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Perpetua Resources by 40.4% in the third quarter. Alyeska Investment Group L.P. now owns 4,581,234 shares of the company’s stock valued at $92,678,000 after buying an additional 1,318,008 shares during the period. Encompass Capital Advisors LLC grew its position in Perpetua Resources by 145.0% during the second quarter. Encompass Capital Advisors LLC now owns 3,608,369 shares of the company’s stock worth $43,806,000 after buying an additional 2,135,478 shares in the last quarter. Van ECK Associates Corp increased its stake in Perpetua Resources by 53.4% during the 3rd quarter. Van ECK Associates Corp now owns 2,840,546 shares of the company’s stock worth $57,464,000 after acquiring an additional 989,090 shares during the period. Finally, Vanguard Group Inc. increased its stake in Perpetua Resources by 165.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,912,040 shares of the company’s stock worth $38,685,000 after acquiring an additional 1,192,744 shares during the period. Institutional investors and hedge funds own 70.07% of the company’s stock.

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.