Perpetua Resources (NASDAQ:PPTA) Director Robert Alan Dean Sells 2,400 Shares of Stock

Perpetua Resources Corp. (NASDAQ:PPTA) Director Robert Alan Dean sold 2,400 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $27.14, for a total value of $65,136.00. Following the completion of the sale, the director owned 22,302 shares in the company, valued at $605,276.28. This trade represents a 9.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, January 5th, Robert Alan Dean sold 3,308 shares of Perpetua Resources stock. The stock was sold at an average price of $26.28, for a total value of $86,934.24.
• On Wednesday, December 24th, Robert Alan Dean sold 5,000 shares of Perpetua Resources stock. The shares were sold at an average price of $26.31, for a total transaction of $131,550.00.
• 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 Stock Up 3.0%

Shares of NASDAQ PPTA opened at $28.89 on Thursday. The company has a market capitalization of $3.58 billion, a PE ratio of -57.77 and a beta of 0.03. Perpetua Resources Corp. has a twelve month low of $7.81 and a twelve 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 issued its quarterly earnings results on Friday, November 14th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates 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 fiscal year.

More Perpetua Resources News

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

Analysts Set New Price Targets

A number of equities research analysts have commented 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 target price on Perpetua Resources in a research report on Thursday, October 9th. HC Wainwright restated a “buy” rating and set a $30.00 price objective on shares of Perpetua Resources in a report on Tuesday, September 23rd. BMO Capital Markets set a $44.00 price target on shares of Perpetua Resources in a research report on Tuesday, October 28th. Finally, Zacks Research upgraded shares of Perpetua Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Two 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 company. Based on data from MarketBeat, Perpetua Resources currently has an average rating of “Buy” and a consensus price target of $30.67.

Hedge Funds Weigh In On Perpetua Resources

Several large investors have recently bought and sold shares of the stock. Lowe Wealth Advisors LLC bought a new stake in shares of Perpetua Resources in the 2nd quarter worth $26,000. Steward Partners Investment Advisory LLC bought a new stake in Perpetua Resources in the 2nd quarter worth about $31,000. Private Trust Co. NA purchased a new stake in Perpetua Resources in the 3rd quarter valued at about $35,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Perpetua Resources in the 2nd quarter worth approximately $39,000. Finally, Aventura Private Wealth LLC bought a new position in shares of Perpetua Resources in the fourth quarter valued at approximately $48,000. 70.07% of the stock is currently owned by institutional investors.

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.