Perpetua Resources Corp. (PPTA) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst views are mixed: Perpetua has a consensus “Hold” rating, with three buy recommendations and two sells among five firms; the average one-year price target is $36.75.
• The company reported quarterly EPS of -$0.78, missing the consensus estimate of -$0.19; analysts forecast full-year EPS of -$2.16.
• Perpetua is advancing Idaho’s Stibnite Gold Project, planned to produce gold and antimony, a mineral used in defense, energy and industrial applications.

Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $36.75.

A number of analysts have recently issued reports on PPTA shares. Scotiabank initiated coverage on shares of Perpetua Resources in a research note on Tuesday, September 1st. They issued a "sector outperform" rating for the company. B. Riley Financial began coverage on shares of Perpetua Resources in a research note on Monday, August 3rd. They set a "buy" rating and a $30.00 target price on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Perpetua Resources in a research note on Thursday, October 15th. Zacks Research downgraded shares of Perpetua Resources from a "hold" rating to a "strong sell" rating in a report on Thursday, October 15th. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $43.50 target price on shares of Perpetua Resources in a report on Wednesday, September 30th.

Hedge Funds Weigh In On Perpetua Resources

Several large investors have recently made changes to their positions in PPTA. Oppenheimer & Co. Inc. purchased a new position in shares of Perpetua Resources in the third quarter worth $296,000. Signaturefd LLC boosted its stake in Perpetua Resources by 3,120.4% during the third quarter. Signaturefd LLC now owns 1,739 shares of the company's stock valued at $38,000 after buying an additional 1,685 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Perpetua Resources by 839.7% during the third quarter. Sterling Capital Management LLC now owns 2,838 shares of the company's stock valued at $61,000 after buying an additional 2,536 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in Perpetua Resources during the third quarter valued at approximately $216,000. Finally, GK Wealth Management LLC purchased a new position in Perpetua Resources during the 3rd quarter valued at approximately $66,000. 70.07% of the stock is currently owned by hedge funds and other institutional investors.

Perpetua Resources Trading Up 1.7%

Shares of NASDAQ:PPTA opened at $16.35 on Thursday. The stock has a 50 day moving average of $21.19 and a 200 day moving average of $25.32. The company has a market cap of $2.05 billion, a PE ratio of -8.09 and a beta of 0.24. Perpetua Resources has a 12-month low of $15.77 and a 12-month high of $37.37.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last released its earnings results on Friday, August 14th. The company reported ($0.78) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.59). During the same period in the prior year, the company posted $0.08 EPS. Equities research analysts predict that Perpetua Resources will post -2.16 earnings per share for the current fiscal year.

About Perpetua Resources

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.

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