Insider Selling: Perpetua Resources (NASDAQ:PPTA) Insider Sells $1,205,415.54 in Stock

Perpetua Resources Corp. (NASDAQ:PPTA) insider Mckinsey Margaret Lyon sold 43,722 shares of the stock in a transaction dated 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 transaction, the insider owned 132,110 shares of the company’s stock, valued at approximately $3,642,272.70. This represents a 24.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Mckinsey Margaret Lyon also recently made the following trade(s):

• On Monday, January 5th, Mckinsey Margaret Lyon sold 32,490 shares of Perpetua Resources stock. The stock was sold at an average price of $26.61, for a total value of $864,558.90.

Perpetua Resources Stock Performance

Shares of NASDAQ PPTA opened at $30.15 on Friday. The stock has a 50 day moving average price of $28.97 and a 200 day moving average price of $24.03. The stock has a market capitalization of $3.76 billion, a PE ratio of -60.30 and a beta of 0.03. Perpetua Resources Corp. has a 52 week low of $7.81 and a 52 week high of $35.97.

Hedge Funds Weigh In On Perpetua Resources

Institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in Perpetua Resources by 12.6% during the 1st quarter. AQR Capital Management LLC now owns 15,909 shares of the company’s stock worth $170,000 after purchasing an additional 1,780 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Perpetua Resources by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,958 shares of the company’s stock worth $672,000 after buying an additional 2,680 shares during the period. Millennium Management LLC lifted its holdings in shares of Perpetua Resources by 219.0% during the first 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. lifted its holdings in shares of Perpetua Resources by 1.7% during the first 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 in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its position in shares of Perpetua Resources by 70.5% in the second quarter. KLP Kapitalforvaltning AS now owns 15,000 shares of the company’s stock valued at $182,000 after acquiring an additional 6,200 shares during the period. Institutional investors and hedge funds own 70.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PPTA shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perpetua Resources in a research report on Thursday, January 22nd. B. Riley Financial reaffirmed a “buy” rating on shares of Perpetua Resources in a report on Thursday, October 30th. HC Wainwright lifted their price target on Perpetua Resources from $30.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, BMO Capital Markets set a $44.00 price target on Perpetua Resources in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Perpetua Resources currently has an average rating of “Moderate Buy” and a consensus price target of $32.50.

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.