Perpetua Resources Corp. (NASDAQ:PPTA) Receives $35.90 Consensus PT from Analysts

Shares of Perpetua Resources Corp. (NASDAQ:PPTA) have received an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $35.90.

Several equities research analysts have recently issued reports on PPTA shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a research report on Friday, July 17th. B. Riley Financial assumed coverage on shares of Perpetua Resources in a research report on Monday, August 3rd. They issued a “buy” rating and a $30.00 price objective on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $43.50 target price on shares of Perpetua Resources in a research note on Tuesday, August 18th. Finally, Zacks Research upgraded Perpetua Resources from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Osterweis Capital Management Inc. acquired a new stake in Perpetua Resources in the 2nd quarter valued at approximately $26,000. Compass Financial Management LLC acquired a new position in Perpetua Resources during the 2nd quarter worth approximately $29,000. Smartleaf Asset Management LLC acquired a new position in Perpetua Resources during the 4th quarter worth approximately $31,000. UMB Bank n.a. acquired a new position in Perpetua Resources during the 4th quarter worth approximately $36,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Perpetua Resources during the 4th quarter worth approximately $40,000. 70.07% of the stock is owned by institutional investors and hedge funds.

Perpetua Resources Stock Performance

Shares of PPTA opened at $25.77 on Friday. The stock has a 50 day simple moving average of $21.45 and a 200 day simple moving average of $26.21. Perpetua Resources has a 52-week low of $16.43 and a 52-week high of $37.37. The firm has a market capitalization of $3.22 billion, a PE ratio of -12.76 and a beta of 0.09.

Perpetua Resources (NASDAQ:PPTA) last announced its earnings results on Friday, August 14th. The company reported ($0.78) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.59). During the same period in the previous year, the business posted $0.08 EPS. Equities research analysts predict that Perpetua Resources will post -2.16 EPS for the current fiscal year.

About Perpetua Resources

Perpetua Resources Corp. engages in the exploration and development of mineral properties in the United States. The company primarily explores for gold, silver, and antimony deposits. Its principal asset is the 100% owned Stibnite Gold project, which includes 1,672 unpatented lode claims, mill sites, and patented land holdings covering an area of approximately 11,548 hectares located in Valley County, Idaho. The company was formerly known as Midas Gold Corp. and changed its name to Perpetua Resources Corp.