Perpetua Resources (NASDAQ:PPTA) Announces Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Perpetua Resources (NASDAQ:PPTA - Get Free Report) posted its quarterly earnings results on Friday. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.07), Zacks reports.

Perpetua Resources Stock Performance

Shares of Perpetua Resources stock opened at $11.74 on Tuesday. The firm's 50-day simple moving average is $11.88 and its 200-day simple moving average is $11.14. Perpetua Resources has a twelve month low of $5.01 and a twelve month high of $15.44. The firm has a market cap of $836.90 million, a P/E ratio of -53.36 and a beta of 0.06.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PPTA. National Bankshares restated an "outperform" rating on shares of Perpetua Resources in a research report on Wednesday, April 2nd. National Bank Financial upgraded shares of Perpetua Resources to a "strong-buy" rating in a research report on Friday, March 21st. Finally, HC Wainwright raised their price target on shares of Perpetua Resources from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, March 21st.

Insider Activity

In other news, insider Alan Douglas Haslam sold 10,400 shares of Perpetua Resources stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $9.24, for a total transaction of $96,096.00. Following the sale, the insider now directly owns 65,763 shares in the company, valued at approximately $607,650.12. The trade was a 13.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Alan Dean purchased 5,000 shares of Perpetua Resources stock in a transaction on Friday, February 21st. The stock was purchased at an average price of $8.32 per share, for a total transaction of $41,600.00. Following the completion of the transaction, the director now owns 10,000 shares of the company's stock, valued at approximately $83,200. This represents a 100.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 20,230 shares of company stock worth $166,582 and have sold 59,610 shares worth $606,423. 1.50% of the stock is owned by company insiders.

Perpetua Resources Company Profile

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.