Mckinsey Margaret Lyon Sells 43,722 Shares of Perpetua Resources (NASDAQ:PPTA) Stock

Perpetua Resources Corp. (NASDAQ:PPTA) insider Mckinsey Margaret Lyon sold 43,722 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $27.57, for a total transaction of $1,205,415.54. Following the transaction, the insider owned 132,110 shares in the company, valued at $3,642,272.70. This represents a 24.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Mckinsey Margaret Lyon also recently made the following trade(s):

• On Monday, January 5th, Mckinsey Margaret Lyon sold 32,490 shares of Perpetua Resources stock. The shares were sold at an average price of $26.61, for a total value of $864,558.90.

Perpetua Resources Trading Down 2.7%

Perpetua Resources stock traded down $0.78 during midday trading on Tuesday, reaching $28.08. The stock had a trading volume of 2,958,253 shares, compared to its average volume of 2,025,791. The company has a fifty day moving average price of $28.88 and a two-hundred day moving average price of $23.95. Perpetua Resources Corp. has a 12 month low of $7.81 and a 12 month high of $35.97. The company has a market capitalization of $3.50 billion, a P/E ratio of -56.16 and a beta of 0.03.

Perpetua Resources (NASDAQ:PPTA) last released its quarterly earnings data 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 research analysts predict that Perpetua Resources Corp. will post -0.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Perpetua Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC purchased a new stake in Perpetua Resources during the second quarter worth about $31,000. Smartleaf Asset Management LLC bought a new stake in shares of Perpetua Resources in the 4th quarter worth approximately $31,000. Private Trust Co. NA purchased a new position in Perpetua Resources in the third quarter valued at approximately $35,000. UMB Bank n.a. bought a new position in Perpetua Resources during the fourth quarter valued at $36,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Perpetua Resources during the second quarter valued at $39,000. 70.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PPTA shares. BMO Capital Markets set a $44.00 price objective on shares of Perpetua Resources in a report on Tuesday, October 28th. B. Riley Financial reiterated a “buy” rating on shares of Perpetua Resources in a research note on Thursday, October 30th. Roth Mkm set a $32.00 price objective on Perpetua Resources and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. HC Wainwright lifted their target price on Perpetua Resources from $30.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Perpetua Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

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.