Perpetua Resources (NASDAQ:PPTA) Director Alexander Mcleod Sternhell Sells 10,148 Shares

Perpetua Resources Corp. (NASDAQ:PPTA) Director Alexander Mcleod Sternhell sold 10,148 shares of Perpetua Resources stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $26.50, for a total transaction of $268,922.00. Following the completion of the sale, the director owned 19,352 shares of the company’s stock, valued at $512,828. This trade represents a 34.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Alexander Mcleod Sternhell also recently made the following trade(s):

• On Wednesday, January 7th, Alexander Mcleod Sternhell sold 3,000 shares of Perpetua Resources stock. The stock was sold at an average price of $29.09, for a total transaction of $87,270.00.

Perpetua Resources Trading Up 3.0%

NASDAQ:PPTA opened at $28.89 on Thursday. The company has a market capitalization of $3.58 billion, a P/E ratio of -57.77 and a beta of 0.03. Perpetua Resources Corp. has a 12 month low of $7.81 and a 12 month high of $31.65. The firm has a fifty day simple moving average of $24.87 and a 200-day simple moving average of $20.61.

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

Institutional Trading of Perpetua Resources

A number of hedge funds have recently added to or reduced their stakes in the company. Lowe Wealth Advisors LLC purchased a new position in shares of Perpetua Resources in the 2nd quarter valued at about $26,000. Steward Partners Investment Advisory LLC acquired a new stake in Perpetua Resources in the second quarter valued at approximately $31,000. Private Trust Co. NA purchased a new stake in shares of Perpetua Resources in the third quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Perpetua Resources during the 2nd quarter worth approximately $39,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of Perpetua Resources during the 4th quarter valued at approximately $48,000. 70.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PPTA shares. Roth Capital set a $32.00 target price on Perpetua Resources and gave the company a “buy” rating in a research report on Wednesday, October 22nd. BMO Capital Markets set a $44.00 price objective on shares of Perpetua Resources in a research note on Tuesday, October 28th. Zacks Research raised shares of Perpetua Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Wall Street Zen cut shares of Perpetua Resources from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Finally, UBS Group set a $30.00 target price on shares of Perpetua Resources in a research report on Thursday, October 9th. 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 MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $30.67.

Key Stories Impacting Perpetua Resources

Here are the key news stories impacting Perpetua Resources this week:

• Positive Sentiment: Perpetua hired engineering firm Hatch Ltd. as the EPCM contractor for the Stibnite gold project — a material step toward detailed design and de‑risking construction/execution timelines that investors view as progress toward production and value realization. Analysts remain constructive: all covering analysts were bullish as of Jan. 5 with a consensus median target near $32 (≈21% upside). Analysts Remain Bullish on Perpetua Resources as It Hires Hatch Ltd. as EPCM for Stibnite Gold Project
• Negative Sentiment: Several insiders and directors sold meaningful blocks of stock in early January (including sales by Margaret Lyon, Jeffrey Malmen, Alexander Sternhell and Robert Dean), reducing their holdings by double-digit percentages in some cases — a signal some investors interpret as profit-taking or less insider conviction near current levels, which can put pressure on the share price. See SEC disclosure of recent insider sales. SEC Filing — insider sale

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.