Perpetua Resources (NASDAQ:PPTA) Announces Quarterly Earnings Results

Perpetua Resources (NASDAQ:PPTA) issued its quarterly earnings data on Friday. The company reported ($0.63) earnings per share for the quarter, beating the consensus estimate of ($0.89) by $0.26, FiscalAI reports.

Perpetua Resources Stock Down 0.2%

Perpetua Resources stock traded down $0.04 during mid-day trading on Friday, reaching $17.78. 971,321 shares of the company’s stock were exchanged, compared to its average volume of 1,570,358. The business’s fifty day simple moving average is $20.31 and its 200 day simple moving average is $24.81. Perpetua Resources has a one year low of $15.66 and a one year high of $37.37. The firm has a market capitalization of $2.22 billion, a PE ratio of -8.80 and a beta of 0.24.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Perpetua Resources in a report on Thursday, October 15th. Zacks Research lowered shares of Perpetua Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 15th. Scotiabank assumed coverage on shares of Perpetua Resources in a report on Tuesday, September 1st. They set a “sector outperform” rating on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $43.50 price objective on shares of Perpetua Resources in a research report on Wednesday, September 30th. Finally, B. Riley Financial initiated coverage on shares of Perpetua Resources in a research note on Monday, August 3rd. They issued a “buy” rating and a $30.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $36.75.

Perpetua Resources Company Profile

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.