Perpetua Resources Corp. (NASDAQ:PPTA) Receives $30.67 Consensus Price Target from Brokerages

Shares of Perpetua Resources Corp. (NASDAQ:PPTA) have been given a consensus recommendation of “Buy” by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $32.50.

PPTA has been the subject of a number of research analyst reports. Zacks Research raised Perpetua Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. BMO Capital Markets set a $44.00 target price on shares of Perpetua Resources in a research report on Tuesday, October 28th. Roth Mkm set a $32.00 target price on shares of Perpetua Resources and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Wall Street Zen cut shares of Perpetua Resources from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a report on Thursday, January 22nd.

Insider Transactions at Perpetua Resources

In related news, Director Jeffrey L. Malmen sold 10,181 shares of Perpetua Resources stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $26.34, for a total transaction of $268,167.54. Following the sale, the director directly owned 19,319 shares in the company, valued at $508,862.46. The trade was a 34.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alexander Mcleod Sternhell sold 10,148 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $26.50, for a total value of $268,922.00. Following the completion of the transaction, the director owned 19,352 shares of the company’s stock, valued at approximately $512,828. This trade represents a 34.40% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 78,017 shares of company stock worth $2,084,188. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Private Trust Co. NA bought a new stake in Perpetua Resources during the third quarter worth about $35,000. Aventura Private Wealth LLC bought a new stake in shares of Perpetua Resources in the 4th quarter worth approximately $48,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Perpetua Resources in the 2nd quarter worth approximately $31,000. Farther Finance Advisors LLC bought a new position in Perpetua Resources during the 3rd quarter valued at approximately $52,000. Finally, Pilgrim Partners Asia Pte Ltd raised its stake in Perpetua Resources by 225.0% during the fourth quarter. Pilgrim Partners Asia Pte Ltd now owns 2,600 shares of the company’s stock valued at $63,000 after buying an additional 1,800 shares during the last quarter. 70.07% of the stock is currently owned by institutional investors.

Perpetua Resources Price Performance

Shares of NASDAQ:PPTA opened at $25.94 on Tuesday. The stock’s 50-day moving average is $28.32 and its 200 day moving average is $23.13. The company has a market cap of $3.22 billion, a PE ratio of -51.88 and a beta of 0.03. Perpetua Resources has a 1 year low of $7.81 and a 1 year high of $35.97.

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

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.