Perpetua Resources’ (PPTA) Buy Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Perpetua Resources (NASDAQ:PPTA) in a report published on Tuesday morning, MarketBeat reports. The brokerage currently has a $43.50 target price on the stock. HC Wainwright also issued estimates for Perpetua Resources’ FY2026 earnings at ($2.54) EPS.

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

Perpetua Resources Price Performance

PPTA stock opened at $25.05 on Tuesday. Perpetua Resources has a 1 year low of $16.43 and a 1 year high of $37.37. The company has a market cap of $3.13 billion, a P/E ratio of -12.40 and a beta of 0.09. The stock’s fifty day moving average price is $21.38 and its 200-day moving average price is $26.25.

Perpetua Resources (NASDAQ:PPTA) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.59). During the same quarter in the prior year, the firm posted $0.08 earnings per share. As a group, analysts expect that Perpetua Resources will post -2.16 earnings per share for the current year.

Hedge Funds Weigh In On Perpetua Resources

A number of institutional investors have recently bought and sold shares of the stock. Paulson & CO. Inc. purchased a new position in Perpetua Resources during the second quarter valued at $671,530,000. BlackRock Inc. purchased a new stake in Perpetua Resources in the second quarter worth about $110,181,000. Alyeska Investment Group L.P. increased its position in Perpetua Resources by 40.4% in the third quarter. Alyeska Investment Group L.P. now owns 4,581,234 shares of the company’s stock worth $92,678,000 after buying an additional 1,318,008 shares in the last quarter. Vanguard Group Inc. increased its position in Perpetua Resources by 65.1% in the fourth quarter. Vanguard Group Inc. now owns 3,157,670 shares of the company’s stock worth $76,447,000 after buying an additional 1,245,630 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Perpetua Resources by 3.0% in the fourth quarter. Van ECK Associates Corp now owns 2,925,672 shares of the company’s stock worth $70,831,000 after buying an additional 85,126 shares during the period. 70.07% of the stock is owned by institutional investors.

Perpetua Resources Company Profile

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.