Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) - Analysts at Roth Capital decreased their Q1 2024 earnings per share (EPS) estimates for Perpetua Resources in a research report issued on Tuesday, April 9th. Roth Capital analyst M. Niehuser now anticipates that the company will post earnings of ($0.04) per share for the quarter, down from their previous estimate of ($0.03). The consensus estimate for Perpetua Resources' current full-year earnings is ($0.13) per share. Roth Capital also issued estimates for Perpetua Resources' Q2 2024 earnings at ($0.08) EPS, Q3 2024 earnings at ($0.05) EPS, Q4 2024 earnings at ($0.04) EPS and FY2024 earnings at ($0.21) EPS.
Other analysts have also recently issued reports about the company. HC Wainwright raised their target price on Perpetua Resources from $10.00 to $10.50 and gave the stock a "buy" rating in a research note on Thursday, March 28th. Roth Mkm raised their target price on Perpetua Resources from $7.25 to $10.00 and gave the stock a "buy" rating in a research note on Tuesday.
Read Our Latest Analysis on PPTA
Perpetua Resources Stock Performance
Shares of NASDAQ PPTA traded down $0.19 during trading hours on Thursday, hitting $6.26. The company's stock had a trading volume of 266,468 shares, compared to its average volume of 180,871. The stock has a market cap of $401.07 million, a price-to-earnings ratio of -21.57 and a beta of 0.40. Perpetua Resources has a 12 month low of $2.63 and a 12 month high of $6.91. The business has a 50-day simple moving average of $3.77 and a 200-day simple moving average of $3.47.
Institutional Trading of Perpetua Resources
Several large investors have recently bought and sold shares of the company. Krilogy Financial LLC lifted its holdings in shares of Perpetua Resources by 10.7% during the fourth quarter. Krilogy Financial LLC now owns 1,667,340 shares of the company's stock valued at $5,285,000 after purchasing an additional 161,550 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Perpetua Resources by 1,950.6% during the second quarter. BlackRock Inc. now owns 1,640,605 shares of the company's stock valued at $6,021,000 after purchasing an additional 1,560,597 shares during the last quarter. B. Riley Financial Inc. lifted its holdings in shares of Perpetua Resources by 1.6% during the fourth quarter. B. Riley Financial Inc. now owns 1,489,903 shares of the company's stock valued at $4,723,000 after purchasing an additional 24,152 shares during the last quarter. State Street Corp purchased a new position in shares of Perpetua Resources during the second quarter valued at approximately $1,628,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Perpetua Resources by 1,027.8% during the second quarter. Geode Capital Management LLC now owns 389,787 shares of the company's stock valued at $1,431,000 after purchasing an additional 355,224 shares during the last quarter. 70.07% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Perpetua Resources news, insider L Michael Bogert sold 8,270 shares of Perpetua Resources stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $4.15, for a total transaction of $34,320.50. Following the sale, the insider now directly owns 25,479 shares of the company's stock, valued at approximately $105,737.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Chris J. Robison acquired 10,000 shares of the business's stock in a transaction on Thursday, January 18th. The shares were acquired at an average cost of $2.95 per share, with a total value of $29,500.00. Following the transaction, the director now owns 60,000 shares in the company, valued at approximately $177,000. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider L Michael Bogert sold 8,270 shares of Perpetua Resources stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $4.15, for a total value of $34,320.50. Following the sale, the insider now directly owns 25,479 shares in the company, valued at $105,737.85. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.
Perpetua Resources Company Profile
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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.
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