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

Shares of Perpetua Resources Corp. (NASDAQ:PPTA) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $32.50.

PPTA has been the subject of a number of analyst reports. HC Wainwright upped their price objective on shares of Perpetua Resources from $30.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Perpetua Resources in a research note on Thursday, January 22nd.

Perpetua Resources Trading Up 3.3%

NASDAQ PPTA opened at $36.86 on Friday. The stock has a market cap of $4.59 billion, a P/E ratio of -73.72 and a beta of 0.03. The company’s fifty day simple moving average is $29.68 and its 200-day simple moving average is $24.69. Perpetua Resources has a 52 week low of $8.06 and a 52 week high of $36.89.

Insider Activity at Perpetua Resources

In other news, Director Robert Alan Dean sold 2,400 shares of the business’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $27.14, for a total value of $65,136.00. Following the completion of the sale, the director owned 22,302 shares of the company’s stock, valued at approximately $605,276.28. The trade was a 9.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alexander Mcleod Sternhell sold 3,000 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $29.09, for a total transaction of $87,270.00. Following the completion of the sale, the director owned 16,352 shares in the company, valued at approximately $475,679.68. This trade represents a 15.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 121,739 shares of company stock worth $3,289,604 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in shares of Perpetua Resources by 12.6% in the 1st quarter. AQR Capital Management LLC now owns 15,909 shares of the company’s stock valued at $170,000 after acquiring an additional 1,780 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Perpetua Resources by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,958 shares of the company’s stock worth $672,000 after purchasing an additional 2,680 shares during the period. Millennium Management LLC lifted its position in shares of 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 during the last quarter. Goldman Sachs Group Inc. lifted its position 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, Y Intercept Hong Kong Ltd acquired a new position in shares of Perpetua Resources in the 2nd quarter valued at about $707,000. Institutional investors 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.