Perpetua Resources (NASDAQ:PPTA) Director Sells $132,850.00 in Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Jeffrey Malmen sold 5,000 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $26.57, for a total value of $132,850.00. Following the sale, the director directly owned 14,319 shares in the company, valued at $380,455.83. This trade represents a 25.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Perpetua Resources Stock Up 0.9%

PPTA stock opened at $29.68 on Friday. The stock has a 50-day simple moving average of $25.07 and a two-hundred day simple moving average of $20.79. Perpetua Resources Corp. has a twelve month low of $7.81 and a twelve month high of $31.65. The firm has a market capitalization of $3.68 billion, a PE ratio of -59.36 and a beta of 0.03.

Perpetua Resources (NASDAQ:PPTA) last released 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 research analysts anticipate that Perpetua Resources Corp. will post -0.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Paulson & CO. Inc. lifted its stake in shares of Perpetua Resources by 30.6% in the 2nd quarter. Paulson & CO. Inc. now owns 32,347,299 shares of the company’s stock valued at $392,696,000 after acquiring an additional 7,575,757 shares during the last quarter. Encompass Capital Advisors LLC lifted its position in Perpetua Resources by 145.0% in the second quarter. Encompass Capital Advisors LLC now owns 3,608,369 shares of the company’s stock valued at $43,806,000 after purchasing an additional 2,135,478 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in 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 purchasing an additional 1,318,008 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Perpetua Resources by 165.8% during the third quarter. Vanguard Group Inc. now owns 1,912,040 shares of the company’s stock valued at $38,685,000 after purchasing an additional 1,192,744 shares during the period. Finally, Monaco Asset Management SAM bought a new position in shares of Perpetua Resources in the second quarter worth approximately $12,662,000. 70.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PPTA. Zacks Research raised shares of Perpetua Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. B. Riley restated a “buy” rating on shares of Perpetua Resources in a research report on Thursday, October 30th. UBS Group set a $30.00 price target on Perpetua Resources in a report on Thursday, October 9th. Wall Street Zen lowered Perpetua Resources from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Finally, HC Wainwright restated a “buy” rating and issued a $30.00 price objective on shares of Perpetua Resources in a research report on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $30.67.

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.