Bullish indicating open at $55-$60, IPO prices at $37
Jessica Marie Largent, Chief Financial Officer of Perpetua Resources Corp. (NASDAQ:PPTA), a $622 million market cap company, recently executed a series of transactions involving the company’s common shares. On March 5, 2025, Largent sold a total of 25,162 shares at a weighted average price of $8.82 per share, amounting to $221,927. The transaction occurs as PPTA shares have shown remarkable strength, posting a 133% return over the past year.
These sales were conducted to cover tax withholding obligations related to the settlement of Restricted Share Units and Performance Share Units that vested on the same day. Following these transactions, Largent holds 182,544 shares directly. InvestingPro subscribers can access detailed insider trading patterns and 10+ additional investment insights for PPTA.
In addition to the sales, Largent acquired 73,726 common shares without any cash exchange, as part of her compensation package. This acquisition increased her total holdings to 207,706 shares before accounting for the sales. With analyst price targets ranging from $16 to $25 and the company’s next earnings report due on March 14, 2025, investors should monitor these developments closely.
In other recent news, Perpetua Resources has received the Final Record of Decision from the U.S. Forest Service, granting approval for its Stibnite Gold Project. This milestone follows an extensive eight-year review process and positions the company to advance towards a construction decision. The Stibnite Gold Project is notable for its substantial reserves, including 4.8 million ounces of gold and 148 million pounds of antimony, and aims to produce 450,000 ounces of gold annually in its first four years. Additionally, the project is expected to meet up to 35% of the U.S. demand for antimony within its initial six years of operation, a critical mineral for various applications. H.C. Wainwright has raised its price target for Perpetua Resources to $25.00, maintaining a Buy rating on the stock, reflecting confidence in the project’s potential. National Bank has also highlighted the project’s significance, noting its potential to become the first U.S. domestic source of antimony, with expectations for a construction decision in the second quarter. Perpetua Resources has announced a partnership with U.S. Antimony Corporation to test antimony concentrate, furthering efforts to establish a domestic supply chain. The collaboration is part of broader initiatives to reduce reliance on foreign sources and support U.S. defense needs.
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