National Bank Financial Raises Perpetua Resources (TSE:PPTA) Price Target to C$55.00

Key Points

• National Bank Financial raised Perpetua Resources' price target to C$55.00 (from C$50.00) and maintained an "outperform" rating, implying roughly a 31.48% upside from current levels.
• Shares traded at C$41.83 with a market capitalization of C$5.23 billion; the company shows a negative P/E (-38.73) and 50-/200-day moving averages of C$40.80 and C$37.41, respectively.
• Perpetua focuses on the Stibnite Gold Project in Idaho (gold and antimony); it reported C($0.72) EPS last quarter and analysts expect about C($0.69) EPS for the fiscal year.

Perpetua Resources (TSE:PPTA - Get Free Report) had its price target increased by investment analysts at National Bank Financial from C$50.00 to C$55.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bank Financial's price target suggests a potential upside of 31.48% from the stock's current price.

Perpetua Resources Stock Performance

Shares of PPTA traded up C$0.59 during trading hours on Thursday, reaching C$41.83. 50,482 shares of the company traded hands, compared to its average volume of 203,137. The stock has a market capitalization of C$5.23 billion, a P/E ratio of -38.73, a P/E/G ratio of -0.66 and a beta of 1.10. The company has a quick ratio of 3.44, a current ratio of 42.25 and a debt-to-equity ratio of 0.01. Perpetua Resources has a 12-month low of C$14.89 and a 12-month high of C$51.10. The business has a fifty day moving average price of C$40.80 and a 200-day moving average price of C$37.41.

Perpetua Resources (TSE:PPTA - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The company reported C($0.72) earnings per share for the quarter. Equities analysts anticipate that Perpetua Resources 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.

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