Perpetua Resources Director Sells 13,148 Shares for Approximately $356,192
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Fool
- Transaction Overview: Perpetua Resources director Alexander McLeod Sternhell executed an exercise-and-sell derivative transaction on January 5 and 7, disposing of 13,148 shares for approximately $356,192, indicating a strategic adjustment in his equity holdings.
- Holding Changes: The transaction reduced Sternhell's direct share ownership by 44.57%, reflecting a shift from option-based to direct equity exposure as he sold part of the 29,500 options exercised.
- Market Reaction: Shares were sold at a weighted average price of $27.09, while the closing price on January 7 was $29.08, indicating that Sternhell sold at a discount to market price, which may affect market perceptions of his future confidence.
- Company Development Context: Perpetua Resources' stock surged 145% over the past year, and the company broke ground on the Stibnite Gold Project in October, securing over $380 million in equity financing, highlighting its strategic importance in critical mineral supply.
Analyst Views on PPTA
Wall Street analysts forecast PPTA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PPTA is 30.29 USD with a low forecast of 28.00 USD and a high forecast of 32.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 29.680
Low
28.00
Averages
30.29
High
32.00
Current: 29.680
Low
28.00
Averages
30.29
High
32.00
About PPTA
Perpetua Resources Corp. is a development-stage company. The Company operates through mineral exploration in the United States segment. It is primarily engaged in acquiring mining properties with the intention of exploring, evaluating, and placing them into production. The Company’s principal business is the exploration and subject to receipt of required permitting, redevelopment, restoration and operation of the Stibnite Gold Project in Idaho, the United States. Its Stibnite Gold Project is located in central Idaho, the United States, which lies over 100 miles northeast of Boise, Idaho, over 38 miles east of McCall, Idaho, and approximately 10 miles east of Yellow Pine, Idaho. Its mineral Stibnite Gold Project contains gold, silver, and antimony mineral deposits. It focuses to explore, evaluate, and potentially redevelop three of the deposits known as the Hangar Flats Deposit, West End Deposit and Yellow Pine Deposit.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
