Perpetua Resources (NASDAQ:PPTA) Given “Buy” Rating at HC Wainwright

Perpetua Resources (NASDAQ:PPTA)‘s stock had its “buy” rating restated by investment analysts at HC Wainwright in a report released on Wednesday, MarketBeat Ratings reports. They presently have a $43.50 price target on the stock. HC Wainwright’s price target would suggest a potential upside of 113.97% from the company’s current price.

PPTA has been the topic of a number of other research reports. B. Riley Financial assumed coverage on shares of Perpetua Resources in a report on Monday, August 3rd. They set a “buy” rating and a $30.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Perpetua Resources in a report on Friday, July 17th. Zacks Research upgraded shares of Perpetua Resources from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, Scotiabank assumed coverage on shares of Perpetua Resources in a report on Tuesday, September 1st. They set a “sector outperform” rating on the stock. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $35.90.

Perpetua Resources Stock Down 0.2%

Shares of NASDAQ:PPTA opened at $20.33 on Wednesday. The firm has a fifty day moving average of $23.34 and a two-hundred day moving average of $24.63. The firm has a market capitalization of $2.54 billion, a P/E ratio of -10.06 and a beta of 0.15. Perpetua Resources has a 12-month low of $16.43 and a 12-month high of $37.37.

Perpetua Resources (NASDAQ:PPTA) last issued its earnings results on Friday, August 14th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.59). During the same quarter in the prior year, the business earned $0.08 EPS. Equities research analysts expect that Perpetua Resources will post -2.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its position in Perpetua Resources by 0.7% during the second quarter. NewEdge Advisors LLC now owns 77,500 shares of the company’s stock worth $1,609,000 after purchasing an additional 525 shares during the period. Continuum Advisory LLC boosted its position in Perpetua Resources by 8.5% during the first quarter. Continuum Advisory LLC now owns 12,736 shares of the company’s stock worth $358,000 after purchasing an additional 994 shares during the period. Cetera Investment Advisers boosted its position in Perpetua Resources by 6.3% during the first quarter. Cetera Investment Advisers now owns 17,646 shares of the company’s stock worth $496,000 after purchasing an additional 1,052 shares during the period. Osterweis Capital Management Inc. bought a new position in shares of Perpetua Resources in the second quarter valued at approximately $26,000. Finally, Compass Financial Management LLC bought a new position in shares of Perpetua Resources in the second quarter valued at approximately $29,000. Institutional investors own 70.07% of the company’s stock.

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.