Key Points
- Jonathan Cherry sold 4,079 shares on April 2 at an average price of $29.31 for a total of $119,555.49, trimming his stake by 8.33% to 44,895 shares valued at about $1.32 million.
- Perpetua reported quarterly EPS of ($0.61), missing the consensus of ($0.01), yet analysts maintain a "Moderate Buy" consensus with an average price target of $35 after recent raises to $40–$41.
- The stock has a market cap of about $3.67 billion, a negative PE of -28.03, a 1‑year range of $8.84–$37.37, and roughly 70% of shares are held by institutional investors.
Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) insider Jonathan Cherry sold 4,079 shares of the firm's stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $29.31, for a total value of $119,555.49. Following the completion of the transaction, the insider directly owned 44,895 shares of the company's stock, valued at $1,315,872.45. The trade was a 8.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Perpetua Resources Stock Performance
Shares of PPTA stock opened at $29.43 on Friday. The stock has a fifty day moving average price of $30.15 and a 200 day moving average price of $26.66. The stock has a market cap of $3.67 billion, a PE ratio of -28.03 and a beta of 0.15. Perpetua Resources Corp. has a 1 year low of $8.84 and a 1 year high of $37.37.
Perpetua Resources (NASDAQ:PPTA - Get Free Report) last posted its earnings results on Tuesday, March 31st. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.60). As a group, equities research analysts predict that Perpetua Resources Corp. will post -0.21 earnings per share for the current year.
Analyst Ratings Changes
PPTA has been the topic of several recent research reports. HC Wainwright upped their price target on shares of Perpetua Resources from $30.00 to $41.00 and gave the company a "buy" rating in a report on Thursday, February 5th. Weiss Ratings reissued a "sell (d-)" rating on shares of Perpetua Resources in a research note on Thursday, January 22nd. Finally, B. Riley Financial lifted their price objective on Perpetua Resources from $30.00 to $40.00 and gave the stock a "buy" rating in a research report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Perpetua Resources currently has an average rating of "Moderate Buy" and an average price target of $35.00.
Read Our Latest Research Report on Perpetua Resources
Institutional Trading of Perpetua Resources
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PPTA. Smartleaf Asset Management LLC purchased a new position in Perpetua Resources in the 4th quarter valued at about $31,000. UMB Bank n.a. acquired a new stake in shares of Perpetua Resources during the 4th quarter worth about $36,000. Kestra Advisory Services LLC purchased a new stake in shares of Perpetua Resources during the fourth quarter worth about $40,000. Private Trust Co. NA acquired a new position in shares of Perpetua Resources in the third quarter valued at approximately $35,000. Finally, Aventura Private Wealth LLC acquired a new position in shares of Perpetua Resources in the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 70.07% of the company's stock.
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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