Analysts Set Perpetua Resources Corp. (NASDAQ:PPTA) Price Target at $30.67

Shares of Perpetua Resources Corp. (NASDAQ:PPTA) have received an average rating of “Buy” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $30.6667.

A number of equities analysts have issued reports on the company. UBS Group set a $30.00 target price on Perpetua Resources in a research report on Thursday, October 9th. Roth Capital set a $32.00 price target on shares of Perpetua Resources and gave the company a “buy” rating in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Perpetua Resources in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Perpetua Resources from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Finally, BMO Capital Markets set a $44.00 target price on shares of Perpetua Resources in a research note on Tuesday, October 28th.

Insider Transactions at Perpetua Resources

In other news, Director Alexander Mcleod Sternhell sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $29.09, for a total value of $87,270.00. Following the completion of the sale, the director directly owned 16,352 shares in the company, valued at approximately $475,679.68. The trade was a 15.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Alan Dean sold 2,400 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $27.14, for a total value of $65,136.00. Following the sale, the director directly owned 22,302 shares in the company, valued at approximately $605,276.28. This represents a 9.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 78,017 shares of company stock worth $2,084,188. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Perpetua Resources

A number of hedge funds have recently added to or reduced their stakes in PPTA. Lowe Wealth Advisors LLC acquired a new stake in shares of Perpetua Resources during the second quarter worth $26,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Perpetua Resources during the 2nd quarter valued at about $31,000. Private Trust Co. NA bought a new stake in shares of Perpetua Resources during the 3rd quarter valued at about $35,000. Caitong International Asset Management Co. Ltd acquired a new stake in Perpetua Resources during the second quarter worth about $39,000. Finally, Aventura Private Wealth LLC bought a new position in Perpetua Resources in the fourth quarter worth about $48,000. Institutional investors and hedge funds own 70.07% of the company’s stock.

Perpetua Resources Price Performance

Shares of Perpetua Resources stock opened at $29.68 on Friday. Perpetua Resources has a 1-year low of $7.81 and a 1-year high of $31.65. The company has a market capitalization of $3.68 billion, a PE ratio of -59.36 and a beta of 0.03. The business has a 50-day moving average of $25.07 and a 200-day moving average of $20.89.

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

About Perpetua Resources

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.