Perpetua Resources Corp. (NASDAQ:PPTA) Receives Average Rating of “Moderate Buy” from Analysts

Perpetua Resources Corp. (NASDAQ:PPTA) has been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $35.4167.

Several analysts have recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a report on Tuesday, April 21st. HC Wainwright upped their price objective on Perpetua Resources from $41.00 to $43.50 and gave the stock a “buy” rating in a report on Tuesday, May 26th. B. Riley Financial raised their target price on Perpetua Resources from $30.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. Finally, Zacks Research upgraded shares of Perpetua Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th.

Institutional Trading of Perpetua Resources

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC purchased a new stake in Perpetua Resources during the fourth quarter worth about $31,000. UMB Bank n.a. purchased a new position in Perpetua Resources in the fourth quarter valued at about $36,000. Kestra Advisory Services LLC purchased a new position in Perpetua Resources in the fourth quarter valued at about $40,000. Aventura Private Wealth LLC acquired a new stake in shares of Perpetua Resources during the 4th quarter valued at approximately $48,000. Finally, Pilgrim Partners Asia Pte Ltd raised its holdings in Perpetua Resources by 225.0% during the fourth quarter. Pilgrim Partners Asia Pte Ltd now owns 2,600 shares of the company’s stock worth $63,000 after purchasing an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 70.07% of the company’s stock.

Perpetua Resources Stock Up 1.6%

Shares of Perpetua Resources stock opened at $21.33 on Friday. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of -16.16 and a beta of 0.05. Perpetua Resources has a 52-week low of $12.04 and a 52-week high of $37.37. The company’s 50-day simple moving average is $25.77 and its 200-day simple moving average is $28.30.

Perpetua Resources (NASDAQ:PPTA) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.21). Equities research analysts anticipate that Perpetua Resources will post -1.42 EPS for the current year.

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.