HC Wainwright Has Bearish Forecast for PPTA FY2026 Earnings

Perpetua Resources Corp. (NASDAQ:PPTA) – Investment analysts at HC Wainwright lowered their FY2026 EPS estimates for shares of Perpetua Resources in a research note issued on Tuesday, August 18th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of ($2.54) for the year, down from their previous forecast of ($1.06). HC Wainwright has a “Buy” rating and a $43.50 price objective on the stock. The consensus estimate for Perpetua Resources’ current full-year earnings is ($1.42) per share.

Perpetua Resources (NASDAQ:PPTA) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.59). During the same period in the previous year, the company posted $0.08 earnings per share.

Other research analysts have also recently issued research reports about the stock. Zacks Research upgraded shares of Perpetua Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. B. Riley Financial started coverage on shares of Perpetua Resources in a research note on Monday, August 3rd. They issued a “buy” rating and a $30.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perpetua Resources in a report on Friday, July 17th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Perpetua Resources presently has an average rating of “Moderate Buy” and a consensus target price of $35.90.

Perpetua Resources Price Performance

NASDAQ:PPTA opened at $25.82 on Thursday. Perpetua Resources has a 12-month low of $16.41 and a 12-month high of $37.37. The firm has a market capitalization of $3.23 billion, a P/E ratio of -12.78 and a beta of 0.09. The business has a 50 day simple moving average of $21.35 and a 200 day simple moving average of $26.27.

Hedge Funds Weigh In On Perpetua Resources

Several hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC raised its position in shares of Perpetua Resources by 12.6% during the first quarter. AQR Capital Management LLC now owns 15,909 shares of the company’s stock worth $170,000 after purchasing an additional 1,780 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Perpetua Resources by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,958 shares of the company’s stock valued at $672,000 after purchasing an additional 2,680 shares during the last quarter. Millennium Management LLC boosted its position in shares of Perpetua Resources by 219.0% in the 1st quarter. Millennium Management LLC now owns 1,181,899 shares of the company’s stock valued at $12,634,000 after purchasing an additional 811,363 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Perpetua Resources by 1.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 108,921 shares of the company’s stock valued at $1,164,000 after purchasing an additional 1,835 shares during the period. Finally, Creative Planning purchased a new position in Perpetua Resources in the 2nd quarter worth about $134,000. Institutional investors and hedge funds own 70.07% of the company’s stock.

About Perpetua Resources

Perpetua Resources Inc (NASDAQ: PPTA), formerly known as eCobalt Solutions Inc, is a mineral exploration and development company focused on critical metals that support the global clean-energy transition. The company’s primary objective is to advance its flagship Idaho Cobalt Project, a permitted underground mine located near Stibnite, Idaho. This project is designed to produce cobalt, copper, gold and silver, with an emphasis on providing responsibly sourced materials to North American battery and technology markets.

In addition to its Idaho Cobalt Project, Perpetua Resources holds exploration licenses and mineral tenures across the United States and Canada.