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

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

Analyst Ratings Changes

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

Perpetua Resources Price Performance

The firm has a 50 day moving average price of C$34.53 and a 200 day moving average price of C$38.66. The stock has a market capitalization of C$3.44 billion, a PE ratio of -20.36, a price-to-earnings-growth ratio of -0.66 and a beta of 1.07. The company has a current ratio of 20.40, a quick ratio of 3.44 and a debt-to-equity ratio of 0.44.

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

Perpetua Resources Company Profile

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.