Perpetua Resources Corp. (NASDAQ:PPTA) Given Consensus Rating of “Buy” by Analysts

Shares of Perpetua Resources Corp. (NASDAQ:PPTA) have received a consensus rating of “Buy” from the nine brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $32.50.

PPTA has been the subject of a number of recent research reports. BMO Capital Markets set a $44.00 target price on shares of Perpetua Resources in a research report on Tuesday, October 28th. B. Riley Financial reissued a “buy” rating on shares of Perpetua Resources in a research note on Thursday, October 30th. Zacks Research upgraded Perpetua Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. Wall Street Zen cut shares of Perpetua Resources from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Finally, Roth Mkm set a $32.00 price objective on Perpetua Resources and gave the company a “buy” rating in a research note on Wednesday, October 22nd.

Insider Transactions at Perpetua Resources

In other news, insider Mckinsey Margaret Lyon sold 32,490 shares of Perpetua Resources stock in a transaction on Monday, January 5th. The shares were sold at an average price of $26.61, for a total value of $864,558.90. Following the transaction, the insider directly owned 96,664 shares of the company’s stock, valued at $2,572,229.04. The trade was a 25.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Alan Dean sold 6,490 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $27.55, for a total value of $178,799.50. Following the transaction, the director owned 23,510 shares in the company, valued at $647,700.50. The trade was a 21.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 78,017 shares of company stock worth $2,084,188. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in shares of Perpetua Resources by 0.8% in the fourth quarter. IFP Advisors Inc now owns 50,405 shares of the company’s stock valued at $1,220,000 after buying an additional 405 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Perpetua Resources by 21.0% in the fourth quarter. Farther Finance Advisors LLC now owns 3,123 shares of the company’s stock valued at $76,000 after buying an additional 541 shares during the period. Benjamin Edwards Inc. lifted its holdings in shares of Perpetua Resources by 0.5% during the 4th quarter. Benjamin Edwards Inc. now owns 102,645 shares of the company’s stock valued at $2,485,000 after acquiring an additional 543 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Perpetua Resources by 4.6% during the second quarter. Tower Research Capital LLC TRC now owns 15,872 shares of the company’s stock worth $193,000 after purchasing an additional 697 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Perpetua Resources by 50.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,751 shares of the company’s stock worth $58,000 after acquiring an additional 925 shares in the last quarter. Institutional investors and hedge funds own 70.07% of the company’s stock.

Perpetua Resources Trading Up 7.9%

Shares of NASDAQ PPTA opened at $30.32 on Tuesday. Perpetua Resources has a 12 month low of $7.81 and a 12 month high of $35.97. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of -60.64 and a beta of 0.03. The company has a 50 day simple moving average of $28.47 and a two-hundred day simple moving average of $23.38.

Perpetua Resources (NASDAQ:PPTA) last posted its 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). Analysts forecast that Perpetua Resources will post -0.21 EPS for the current year.

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.