Perpetua Resources Corp. (NASDAQ:PPTA) Stock Has Consensus Target Price of $37.38

Perpetua Resources Corp. (NASDAQ:PPTA) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $37.38.

A number of brokerages have issued reports on PPTA. B. Riley Financial assumed coverage on Perpetua Resources in a research report on Monday, August 3rd. They set a “buy” rating and a $30.00 price target for the company. Scotiabank began coverage on Perpetua Resources in a report on Tuesday, September 1st. They set a “sector outperform” rating on the stock. HC Wainwright restated a “buy” rating and set a $43.50 price objective on shares of Perpetua Resources in a research note on Wednesday, September 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a research note on Friday, July 17th.

Perpetua Resources Trading Up 6.5%

PPTA opened at $18.51 on Friday. The business’s 50 day moving average is $23.33 and its 200-day moving average is $24.27. The stock has a market cap of $2.32 billion, a PE ratio of -9.16 and a beta of 0.15. Perpetua Resources has a twelve month low of $16.43 and a twelve month high of $37.37.

Perpetua Resources (NASDAQ:PPTA) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.59). During the same period last year, the company earned $0.08 earnings per share. As a group, analysts forecast that Perpetua Resources will post -2.16 EPS for the current year.

Hedge Funds Weigh In On Perpetua Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Osterweis Capital Management Inc. bought a new stake in shares of Perpetua Resources during the 2nd quarter worth about $26,000. Compass Financial Management LLC acquired a new stake in shares of Perpetua Resources in the 2nd quarter worth approximately $29,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Perpetua Resources in the 2nd quarter worth approximately $41,000. GK Wealth Management LLC acquired a new stake in shares of Perpetua Resources in the 3rd quarter worth approximately $66,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Perpetua Resources in the 2nd quarter worth approximately $103,000. Institutional investors own 70.07% of the company’s stock.

Perpetua Resources Company Profile

Perpetua Resources Corp. is a mineral development company focused on advancing the Stibnite Gold Project in central Idaho. The project is designed to produce gold and antimony, a critical mineral used in defense applications, energy technologies, flame retardants and other industrial products. The company is pursuing the project through its U.S. subsidiary, Stibnite Gold Project LLC.

The Stibnite Gold Project is located in the historic Stibnite-Yellow Pine mining district. Perpetua’s activities include permitting, engineering, environmental studies and project development, as well as planning for the restoration of legacy environmental impacts associated with earlier mining in the area.