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

Perpetua Resources Corp. (NASDAQ:PPTA) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $35.00.

PPTA has been the subject of several recent research reports. B. Riley Financial increased their price target on Perpetua Resources from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perpetua Resources in a research report on Thursday, January 22nd. Finally, HC Wainwright increased their price objective on Perpetua Resources from $30.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, February 5th.

Insider Activity

In other Perpetua Resources news, Director Robert Alan Dean sold 2,400 shares of the stock in a transaction on 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 in the company, valued at $605,276.28. This trade represents a 9.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alexander Mcleod Sternhell sold 3,000 shares of Perpetua Resources 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 transaction, the director directly owned 16,352 shares of the company’s stock, 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. Over the last three months, insiders sold 110,249 shares of company stock valued at $2,979,254. 1.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Perpetua Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC bought a new stake in Perpetua Resources in the second quarter valued at approximately $31,000. Smartleaf Asset Management LLC acquired a new position in shares of Perpetua Resources during the 4th quarter worth approximately $31,000. Private Trust Co. NA acquired a new position in shares of Perpetua Resources during the 3rd quarter worth approximately $35,000. UMB Bank n.a. bought a new stake in Perpetua Resources in the 4th quarter valued at $36,000. Finally, Kestra Advisory Services LLC bought a new stake in Perpetua Resources in the 4th quarter valued at $40,000. Institutional investors own 70.07% of the company’s stock.

Perpetua Resources Price Performance

Shares of NASDAQ PPTA opened at $25.18 on Wednesday. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of -50.36 and a beta of -0.03. The business has a 50-day moving average of $30.88 and a 200-day moving average of $26.31. Perpetua Resources has a fifty-two week low of $8.84 and a fifty-two week high of $37.37.

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.