Roth Capital Cuts Earnings Estimates for Perpetua Resources

Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) - Equities research analysts at Roth Capital lowered their Q1 2025 earnings per share estimates for Perpetua Resources in a research note issued to investors on Wednesday, April 23rd. Roth Capital analyst M. Niehuser now forecasts that the company will post earnings of ($0.05) per share for the quarter, down from their previous estimate of ($0.02). The consensus estimate for Perpetua Resources' current full-year earnings is ($0.21) per share. Roth Capital also issued estimates for Perpetua Resources' Q2 2025 earnings at ($0.06) EPS, Q4 2025 earnings at ($0.06) EPS, FY2025 earnings at ($0.22) EPS and FY2026 earnings at ($0.29) EPS.

A number of other equities research analysts have also recently commented on PPTA. National Bank Financial raised Perpetua Resources to a "strong-buy" rating in a research note on Friday, March 21st. Roth Mkm increased their price objective on shares of Perpetua Resources from $15.00 to $19.00 and gave the company a "buy" rating in a research report on Tuesday, January 7th. HC Wainwright lifted their target price on shares of Perpetua Resources from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Finally, National Bankshares reiterated an "outperform" rating on shares of Perpetua Resources in a report on Wednesday, April 2nd.

Perpetua Resources Stock Up 2.2 %

Shares of PPTA stock traded up $0.31 during trading hours on Friday, hitting $14.36. 373,335 shares of the company's stock traded hands, compared to its average volume of 602,896. Perpetua Resources has a 12-month low of $4.96 and a 12-month high of $14.75. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -65.27 and a beta of 0.12. The stock's fifty day simple moving average is $10.80 and its two-hundred day simple moving average is $10.85.

Perpetua Resources (NASDAQ:PPTA - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.03.

Institutional Trading of Perpetua Resources

A number of institutional investors have recently bought and sold shares of the stock. Amundi purchased a new stake in Perpetua Resources in the 4th quarter worth about $7,788,000. Millennium Management LLC boosted its holdings in Perpetua Resources by 226.7% during the 4th quarter. Millennium Management LLC now owns 370,536 shares of the company's stock valued at $3,954,000 after acquiring an additional 257,130 shares during the period. Cohen & Steers Inc. purchased a new stake in Perpetua Resources in the fourth quarter worth $2,729,000. Yaupon Capital Management LP purchased a new stake in shares of Perpetua Resources during the fourth quarter valued at $2,668,000. Finally, Polar Asset Management Partners Inc. bought a new position in shares of Perpetua Resources in the fourth quarter worth about $1,937,000. 70.07% of the stock is currently owned by institutional investors.

Insider Transactions at Perpetua Resources

In other Perpetua Resources news, insider Michael Stephen Wright sold 6,500 shares of the business's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $13.85, for a total transaction of $90,025.00. Following the completion of the sale, the insider now directly owns 14,195 shares in the company, valued at $196,600.75. The trade was a 31.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alan Douglas Haslam sold 10,400 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $9.24, for a total value of $96,096.00. Following the completion of the transaction, the insider now directly owns 65,763 shares of the company's stock, valued at approximately $607,650.12. This trade represents a 13.65 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders purchased 20,230 shares of company stock worth $166,582 and sold 59,610 shares worth $606,423. Company insiders own 1.90% of the company's stock.

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.