Perpetua Resources (NASDAQ:PPTA) Issues Earnings Results

Perpetua Resources (NASDAQ:PPTA) issued its quarterly earnings results on Wednesday. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03, Zacks reports.

Perpetua Resources Stock Up 2.8 %

PPTA opened at $11.46 on Friday. The firm has a market cap of $806.11 million, a PE ratio of -52.09 and a beta of 0.27. The business has a fifty day simple moving average of $10.56 and a 200-day simple moving average of $10.24. Perpetua Resources has a fifty-two week low of $4.02 and a fifty-two week high of $13.23.

Insider Transactions at Perpetua Resources

In other news, Director Robert Alan Dean bought 5,000 shares of the business’s stock in a transaction on Friday, February 21st. The shares were bought at an average cost of $8.32 per share, with a total value of $41,600.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at $83,200. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Alan Douglas Haslam sold 10,400 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $9.24, for a total value of $96,096.00. Following the completion of the sale, the insider now owns 65,763 shares of the company’s stock, valued at $607,650.12. The trade was a 13.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have purchased 20,230 shares of company stock valued at $166,582 over the last three months. Company insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PPTA shares. HC Wainwright raised their target price on Perpetua Resources from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Friday. Roth Mkm upped their price target on shares of Perpetua Resources from $15.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 7th.

Perpetua Resources Company Profile

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.