Perpetua Resources (NASDAQ:PPTA) Director Sells $65,136.00 in Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Robert Alan Dean sold 2,400 shares of the company’s 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 transaction, the director directly owned 22,302 shares in the company, valued at $605,276.28. The trade was a 9.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Robert Alan Dean also recently made the following trade(s):

• On Monday, January 5th, Robert Alan Dean sold 3,308 shares of Perpetua Resources stock. The shares were sold at an average price of $26.28, for a total value of $86,934.24.
• On Wednesday, December 24th, Robert Alan Dean sold 5,000 shares of Perpetua Resources stock. The stock was sold at an average price of $26.31, for a total transaction of $131,550.00.
• On Tuesday, December 23rd, Robert Alan Dean sold 6,490 shares of Perpetua Resources stock. The stock was sold at an average price of $27.55, for a total transaction of $178,799.50.

Perpetua Resources Stock Performance

Shares of PPTA opened at $29.68 on Friday. The company has a market capitalization of $3.68 billion, a PE ratio of -59.36 and a beta of 0.03. The company’s 50 day moving average price is $25.07 and its 200 day moving average price is $20.79. Perpetua Resources Corp. has a 52 week low of $7.81 and a 52 week high of $31.65.

Perpetua Resources (NASDAQ:PPTA) last issued its earnings results on Friday, November 14th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.23). On average, equities analysts forecast that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Zacks Research raised Perpetua Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Wall Street Zen lowered shares of Perpetua Resources from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. UBS Group set a $30.00 target price on shares of Perpetua Resources in a research note on Thursday, October 9th. B. Riley restated a “buy” rating on shares of Perpetua Resources in a research note on Thursday, October 30th. Finally, BMO Capital Markets set a $44.00 price target on shares of Perpetua Resources in a report on Tuesday, October 28th. Two investment 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $30.67.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PPTA. Paulson & CO. Inc. increased its stake in Perpetua Resources by 30.6% during the second 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 period. Alyeska Investment Group L.P. lifted its position in shares of Perpetua Resources by 40.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 4,581,234 shares of the company’s stock worth $92,678,000 after acquiring an additional 1,318,008 shares during the period. Encompass Capital Advisors LLC grew its holdings in shares of Perpetua Resources by 145.0% during the 2nd quarter. Encompass Capital Advisors LLC now owns 3,608,369 shares of the company’s stock worth $43,806,000 after purchasing an additional 2,135,478 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Perpetua Resources by 53.4% during the third quarter. Van ECK Associates Corp now owns 2,840,546 shares of the company’s stock valued at $57,464,000 after purchasing an additional 989,090 shares during the period. Finally, Vanguard Group Inc. increased its position 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. Institutional investors and hedge funds 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.