Perpetua Resources (TSE:PPTA) Stock Price Up 3.2% – Here’s Why

Perpetua Resources Corp. (TSE:PPTA) shares shot up 3.2% on Friday . The company traded as high as C$34.06 and last traded at C$33.73. 97,357 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 173,949 shares. The stock had previously closed at C$32.67.

Analysts Set New Price Targets

Separately, National Bank Financial lifted their price target on shares of Perpetua Resources from C$50.00 to C$55.00 and gave the stock an “outperform” rating in a report on Thursday, April 9th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Perpetua Resources presently has a consensus rating of “Buy” and an average target price of C$55.00.

Perpetua Resources Trading Up 3.2%

The firm has a fifty day moving average of C$38.66 and a two-hundred day moving average of C$39.36. The company has a market cap of C$4.22 billion, a PE ratio of -24.99, a price-to-earnings-growth ratio of -0.66 and a beta of 0.86. The company has a current ratio of 20.40, a quick ratio of 3.44 and a debt-to-equity ratio of 0.44.

Perpetua Resources (TSE:PPTA) last announced its quarterly earnings data on Monday, May 11th. The company reported C$0.54 earnings per share for the quarter. As a group, sell-side analysts predict that Perpetua Resources Corp. will post -0.69 EPS for the current year.

About Perpetua Resources

Perpetua Resources Corp., through its wholly owned subsidiaries, is focused on the exploration, site restoration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project. The Stibnite Gold Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States.