Research Analysts Set Expectations for PPTA FY2024 Earnings

Perpetua Resources Corp. (NASDAQ:PPTA) – Stock analysts at Roth Capital lowered their FY2024 EPS estimates for shares of Perpetua Resources in a report issued on Wednesday, December 11th. Roth Capital analyst M. Niehuser now anticipates that the company will post earnings per share of ($0.25) for the year, down from their previous estimate of ($0.23). The consensus estimate for Perpetua Resources’ current full-year earnings is ($0.21) per share. Roth Capital also issued estimates for Perpetua Resources’ Q4 2024 earnings at ($0.09) EPS, Q1 2025 earnings at ($0.02) EPS, Q2 2025 earnings at ($0.02) EPS and FY2025 earnings at ($0.14) EPS.

Other equities analysts have also recently issued reports about the company. National Bank Financial started coverage on Perpetua Resources in a report on Friday, September 6th. They issued an “outperform” rating for the company. HC Wainwright boosted their target price on shares of Perpetua Resources from $13.25 to $22.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Roth Mkm restated a “buy” rating and set a $15.00 price objective on shares of Perpetua Resources in a report on Thursday.

Perpetua Resources Price Performance

PPTA stock opened at $11.91 on Monday. The company’s 50 day simple moving average is $10.06 and its 200-day simple moving average is $8.25. Perpetua Resources has a 12 month low of $2.69 and a 12 month high of $13.18. The firm has a market capitalization of $835.72 million, a PE ratio of -54.14 and a beta of 0.22.

Insider Activity at Perpetua Resources

In other Perpetua Resources news, insider Alan Douglas Haslam sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $10.07, for a total transaction of $402,800.00. Following the completion of the sale, the insider now directly owns 65,571 shares in the company, valued at $660,299.97. The trade was a 37.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Perpetua Resources

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Continuum Advisory LLC raised its position in Perpetua Resources by 500.0% in the third quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock valued at $44,000 after purchasing an additional 4,000 shares during the period. Price T Rowe Associates Inc. MD acquired a new position in Perpetua Resources during the 1st quarter worth approximately $51,000. Flaharty Asset Management LLC purchased a new position in Perpetua Resources in the 2nd quarter worth approximately $70,000. Intech Investment Management LLC purchased a new position in Perpetua Resources in the 3rd quarter worth approximately $98,000. Finally, Quantbot Technologies LP acquired a new stake in Perpetua Resources in the third quarter valued at approximately $123,000. Institutional investors and hedge funds own 70.07% of the company’s stock.

About Perpetua Resources

Perpetua Resources Corp. engages in the exploration and development of mineral properties in the United States. The company primarily explores for gold, silver, and antimony deposits. Its principal asset is the 100% owned Stibnite Gold project, which includes 1,672 unpatented lode claims, mill sites, and patented land holdings covering an area of approximately 11,548 hectares located in Valley County, Idaho.