Robert Alan Dean Sells 3,308 Shares of Perpetua Resources (NASDAQ:PPTA) Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Robert Alan Dean sold 3,308 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $26.28, for a total value of $86,934.24. Following the transaction, the director directly owned 24,702 shares in the company, valued at $649,168.56. This trade represents a 11.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, January 6th, Robert Alan Dean sold 2,400 shares of Perpetua Resources stock. The stock was sold at an average price of $27.14, for a total transaction of $65,136.00.
• 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 value of $131,550.00.
• On Tuesday, December 23rd, Robert Alan Dean sold 6,490 shares of Perpetua Resources stock. The shares were sold at an average price of $27.55, for a total value of $178,799.50.

Perpetua Resources Price Performance

Shares of PPTA traded up $0.84 during midday trading on Wednesday, reaching $28.89. The stock had a trading volume of 2,231,870 shares, compared to its average volume of 1,966,804. The company has a market capitalization of $3.58 billion, a P/E ratio of -57.77 and a beta of 0.03. The firm’s 50 day moving average price is $24.87 and its 200-day moving average price is $20.61. Perpetua Resources Corp. has a 52 week low of $7.81 and a 52 week high of $31.65.

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 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 year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Perpetua Resources from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. UBS Group set a $30.00 price objective on Perpetua Resources in a research report on Thursday, October 9th. BMO Capital Markets set a $44.00 price objective on Perpetua Resources in a research note on Tuesday, October 28th. B. Riley reaffirmed a “buy” rating on shares of Perpetua Resources in a research report on Thursday, October 30th. Finally, Zacks Research upgraded Perpetua Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $30.67.

Institutional Trading of Perpetua Resources

Hedge funds and other institutional investors have recently modified their holdings of the business. U S Global Investors Inc. lifted its stake in Perpetua Resources by 66.7% in the 2nd quarter. U S Global Investors Inc. now owns 50,000 shares of the company’s stock worth $607,000 after acquiring an additional 20,000 shares in the last quarter. Monaco Asset Management SAM purchased a new position in Perpetua Resources during the 2nd quarter valued at about $12,662,000. Medici Capital LLC acquired a new position in shares of Perpetua Resources in the 2nd quarter valued at about $607,000. Amundi increased its holdings in shares of Perpetua Resources by 39.4% in the 1st quarter. Amundi now owns 1,017,573 shares of the company’s stock valued at $11,397,000 after purchasing an additional 287,664 shares during the period. Finally, Worth Venture Partners LLC purchased a new stake in shares of Perpetua Resources in the second quarter worth approximately $212,000. 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.