Perpetua Resources (TSE:PPTA) Trading Down 4.8% – Here’s Why

Perpetua Resources Corp. (TSE:PPTA)’s stock price fell 4.8% on Wednesday . The company traded as low as C$26.24 and last traded at C$27.04. Approximately 121,403 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 166,178 shares. The stock had previously closed at C$28.39.

Analyst Upgrades and Downgrades

Separately, National Bank Financial upped their price objective on shares of Perpetua Resources from C$50.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Perpetua Resources presently has a consensus rating of “Buy” and an average target price of C$55.00.

Perpetua Resources Price Performance

The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.44 and a current ratio of 20.40. The company has a 50-day simple moving average of C$34.89 and a 200-day simple moving average of C$38.81. The company has a market cap of C$3.38 billion, a price-to-earnings ratio of -20.03, a PEG ratio of -0.66 and a beta of 1.07.

Perpetua Resources (TSE:PPTA) last posted its quarterly earnings results on Monday, May 11th. The company reported C$0.54 EPS for the quarter. As a group, research analysts predict that Perpetua Resources Corp. will post -0.69 earnings per share for the current year.

About Perpetua Resources

Perpetua Resources Corp., through its wholly owned subsidiaries, is focused on the exploration, site restoration and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by the Stibnite Gold Project. The Stibnite Gold Project is one of the highest-grade, open pit gold deposits in the United States and is designed to apply a modern, responsible mining approach to restore an abandoned mine site and produce both gold and the only mined source of antimony in the United States.