Perpetua Resources (NASDAQ:PPTA) Posts Quarterly Earnings Results, Beats Expectations By $0.26 EPS

Perpetua Resources (NASDAQ:PPTA) posted its quarterly earnings results on Friday. The company reported ($0.63) EPS for the quarter, topping the consensus estimate of ($0.89) by $0.26, FiscalAI reports.

Perpetua Resources Stock Down 0.2%

Shares of NASDAQ:PPTA traded down $0.04 during trading on Friday, reaching $17.78. 971,321 shares of the company’s stock traded hands, compared to its average volume of 1,524,637. The firm has a market cap of $2.22 billion, a PE ratio of -8.80 and a beta of 0.24. Perpetua Resources has a fifty-two week low of $15.66 and a fifty-two week high of $37.37. The company has a 50-day simple moving average of $20.46 and a 200-day simple moving average of $24.89.

Analyst Ratings Changes

PPTA has been the subject of several research analyst reports. B. Riley Financial assumed coverage on shares of Perpetua Resources in a research note on Monday, August 3rd. They set a “buy” rating and a $30.00 price target for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a research note on Thursday, October 15th. Zacks Research downgraded Perpetua Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Scotiabank initiated coverage on Perpetua Resources in a research report on Tuesday, September 1st. They set a “sector outperform” rating for the company. Finally, HC Wainwright reissued a “buy” rating and set a $43.50 price target on shares of Perpetua Resources in a research report on Wednesday, September 30th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently 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.