Perpetua Resources (TSE:PPTA) Shares Down 2.6% – Here’s What Happened

Perpetua Resources Corp. (TSE:PPTA) shares were down 2.6% during trading on Thursday . The stock traded as low as C$36.10 and last traded at C$36.82. Approximately 105,570 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 181,273 shares. The stock had previously closed at C$37.81.

Wall Street Analyst Weigh In

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

Perpetua Resources Stock Performance

The firm has a market cap of C$4.38 billion, a PE ratio of -25.94, a P/E/G ratio of -0.66 and a beta of 1.01. The firm has a 50-day moving average price of C$39.77 and a two-hundred day moving average price of C$39.05. The company has a quick ratio of 3.44, a current ratio of 20.40 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 EPS for the quarter. Research analysts forecast that Perpetua Resources Corp. will post -0.69 EPS for the current fiscal 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.