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 company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $29.53, for a total value of $256,881.47. Following the completion of the transaction, the insider owned 142,329 shares of the company’s stock, valued at $4,202,975.37. This trade represents a 5.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 stock was 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 Performance

Shares of PPTA stock opened at $29.43 on Friday. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of -28.03 and a beta of 0.15. Perpetua Resources Corp. has a 52 week low of $8.84 and a 52 week high of $37.37. The firm’s 50-day simple moving average is $30.05 and its two-hundred day simple moving average is $26.81.

Perpetua Resources (NASDAQ:PPTA) last issued its quarterly earnings results on Tuesday, March 31st. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.60). Analysts forecast that Perpetua Resources Corp. will post -0.21 earnings per share for the current year.

Wall Street Analyst Weigh In

PPTA has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a report on Thursday, January 22nd. B. Riley Financial lifted their target price on shares of Perpetua Resources from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Finally, HC Wainwright upped their price target on shares of Perpetua Resources from $30.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. One 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $35.00.

Institutional Trading of Perpetua Resources

Hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC grew its position in Perpetua Resources by 12.6% during the first quarter. AQR Capital Management LLC now owns 15,909 shares of the company’s stock worth $170,000 after buying an additional 1,780 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Perpetua Resources by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,958 shares of the company’s stock valued at $672,000 after purchasing an additional 2,680 shares in the last quarter. Millennium Management LLC grew its stake in Perpetua Resources by 219.0% in the 1st quarter. Millennium Management LLC now owns 1,181,899 shares of the company’s stock worth $12,634,000 after buying an additional 811,363 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Perpetua Resources by 1.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 108,921 shares of the company’s stock worth $1,164,000 after buying an additional 1,835 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Perpetua Resources by 9.0% during the 2nd quarter. Geode Capital Management LLC now owns 617,032 shares of the company’s stock valued at $7,489,000 after buying an additional 50,778 shares in the last quarter. 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.