Q3 2024 Earnings Estimate for Perpetua Resources Corp. (NASDAQ:PPTA) Issued By Roth Capital

Perpetua Resources Corp. (NASDAQ:PPTA) – Research analysts at Roth Capital dropped their Q3 2024 earnings estimates for shares of Perpetua Resources in a report issued on Tuesday, September 3rd. Roth Capital analyst M. Niehuser now anticipates that the company will post earnings per share of ($0.10) for the quarter, down from their prior forecast of ($0.05). The consensus estimate for Perpetua Resources’ current full-year earnings is ($0.21) per share. Roth Capital also issued estimates for Perpetua Resources’ FY2024 earnings at ($0.23) EPS and FY2025 earnings at ($0.22) EPS.

Separately, HC Wainwright reiterated a “buy” rating and issued a $13.25 target price on shares of Perpetua Resources in a report on Thursday, August 22nd.

Perpetua Resources Stock Performance

Perpetua Resources stock opened at $8.09 on Thursday. Perpetua Resources has a fifty-two week low of $2.69 and a fifty-two week high of $9.28. The firm has a 50 day moving average price of $6.79 and a 200 day moving average price of $5.77. The company has a market capitalization of $522.61 million, a PE ratio of -29.96 and a beta of 0.28.

Perpetua Resources (NASDAQ:PPTA) last posted its earnings results on Friday, August 9th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02.

Hedge Funds Weigh In On Perpetua Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. M&G Plc purchased a new position in Perpetua Resources in the 1st quarter valued at approximately $805,000. National Bank of Canada FI purchased a new stake in shares of Perpetua Resources during the 4th quarter worth $148,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Perpetua Resources during the 1st quarter worth $51,000. Russell Investments Group Ltd. lifted its position in shares of Perpetua Resources by 1.6% during the 1st quarter. Russell Investments Group Ltd. now owns 581,600 shares of the company’s stock worth $2,419,000 after purchasing an additional 8,985 shares during the last quarter. Finally, B. Riley Financial Inc. lifted its position in shares of Perpetua Resources by 1.6% during the 4th quarter. B. Riley Financial Inc. now owns 1,489,903 shares of the company’s stock worth $4,723,000 after purchasing an additional 24,152 shares during the last quarter. Hedge funds and other institutional investors 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.