Key Points
- Director Robert Alan Dean sold 11,490 shares of Perpetua Resources on Dec 23–24, disposing of 6,490 shares at $27.55 and 5,000 shares at $26.31 for roughly $310,350 total and leaving him with 18,510 shares (a 21.27% reduction from his pre-sale holding).
- PPTA is trading in the mid-$20s with negative earnings; the stock opened near $24.70, has a market cap of about $3.06 billion, reported ($0.24) EPS that missed estimates, and analysts expect about -$0.21 EPS for the year.
- Analyst and ownership picture is mixed but tilted positive: the consensus rating is "Buy" with a $29.00 price target, while institutional investors own roughly 70% of the company and broker opinions range from strong buy to sell.
Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) Director Robert Alan Dean sold 5,000 shares of the company's stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $26.31, for a total transaction of $131,550.00. Following the completion of the transaction, the director owned 18,510 shares of the company's stock, valued at $486,998.10. This trade represents a 21.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Robert Alan Dean also recently made the following trade(s):
- 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 Price Performance
NASDAQ:PPTA opened at $24.70 on Tuesday. The firm has a 50-day moving average of $24.61 and a two-hundred day moving average of $20.04. The stock has a market cap of $3.06 billion, a P/E ratio of -49.40 and a beta of 0.02. Perpetua Resources Corp. has a 1-year low of $7.81 and a 1-year high of $31.65.
Perpetua Resources (NASDAQ:PPTA - Get Free Report) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.23). As a group, equities analysts expect that Perpetua Resources Corp. will post -0.21 earnings per share for the current year.
Institutional Investors Weigh In On Perpetua Resources
Several institutional investors and hedge funds have recently bought and sold shares of the business. Private Trust Co. NA acquired a new position in Perpetua Resources in the third quarter valued at approximately $35,000. Lowe Wealth Advisors LLC bought a new stake in shares of Perpetua Resources in the 2nd quarter worth approximately $26,000. Steward Partners Investment Advisory LLC acquired a new position in Perpetua Resources during the 2nd quarter valued at approximately $31,000. Farther Finance Advisors LLC acquired a new position in Perpetua Resources during the 3rd quarter valued at approximately $52,000. Finally, Jones Financial Companies Lllp grew its stake in Perpetua Resources by 50.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,751 shares of the company's stock worth $58,000 after buying an additional 925 shares during the last quarter. Institutional investors and hedge funds own 70.07% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently issued reports on PPTA. Wall Street Zen lowered shares of Perpetua Resources from a "hold" rating to a "sell" rating in a research note on Saturday, October 18th. B. Riley restated a "buy" rating on shares of Perpetua Resources in a research note on Thursday, October 30th. BMO Capital Markets set a $44.00 price target on shares of Perpetua Resources in a research report on Tuesday, October 28th. HC Wainwright reissued a "buy" rating and issued a $30.00 price objective on shares of Perpetua Resources in a report on Tuesday, September 23rd. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Perpetua Resources in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $29.00.
View Our Latest Stock Report on PPTA
About Perpetua Resources
(
Get Free Report)
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.
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