Jonathan Cherry Sells 4,079 Shares of Perpetua Resources (NASDAQ:PPTA) Stock

Perpetua Resources Corp. (NASDAQ:PPTA) insider Jonathan Cherry sold 4,079 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $29.31, for a total value of $119,555.49. Following the completion of the sale, the insider owned 44,895 shares of the company’s stock, valued at approximately $1,315,872.45. This represents a 8.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Perpetua Resources Stock Performance

PPTA stock traded down $0.09 during mid-day trading on Thursday, reaching $29.43. 1,657,426 shares of the stock traded hands, compared to its average volume of 1,719,536. Perpetua Resources Corp. has a one year low of $8.84 and a one year high of $37.37. The stock has a market capitalization of $3.67 billion, a PE ratio of -28.03 and a beta of 0.15. The business has a 50-day moving average price of $30.15 and a two-hundred day moving average price of $26.66.

Perpetua Resources (NASDAQ:PPTA) last released its earnings results on Tuesday, March 31st. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.60). On average, equities analysts expect that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PPTA. Purpose Unlimited Inc. bought a new stake in Perpetua Resources during the 4th quarter valued at about $1,798,000. Caitong International Asset Management Co. Ltd grew its stake in Perpetua Resources by 318.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 13,930 shares of the company’s stock worth $337,000 after acquiring an additional 10,601 shares in the last quarter. Invesco Ltd. grew its stake in Perpetua Resources by 3.6% in the 4th quarter. Invesco Ltd. now owns 49,849 shares of the company’s stock worth $1,207,000 after acquiring an additional 1,755 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Perpetua Resources by 59.3% during the fourth quarter. NewEdge Advisors LLC now owns 84,280 shares of the company’s stock worth $2,040,000 after acquiring an additional 31,375 shares during the period. Finally, Yaupon Capital Management LP bought a new stake in shares of Perpetua Resources during the fourth quarter valued at approximately $4,612,000. Hedge funds and other institutional investors own 70.07% of the company’s stock.

Analyst Ratings Changes

PPTA has been the subject of several analyst reports. HC Wainwright raised their price objective on shares of Perpetua Resources from $30.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. B. Riley Financial increased their price target on Perpetua Resources from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a research note on Thursday, January 22nd. One 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $35.00.

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.