Perpetua Resources (TSE:PPTA) Shares Up 9.1% – Time to Buy?

Perpetua Resources Corp. (TSE:PPTA)’s stock price shot up 9.1% during mid-day trading on Thursday . The company traded as high as C$26.51 and last traded at C$26.48. Approximately 84,098 shares were traded during mid-day trading, a decline of 48% from the average session volume of 160,332 shares. The stock had previously closed at C$24.27.

Analyst Upgrades and Downgrades

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

Perpetua Resources Stock Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 20.40 and a quick ratio of 3.44. The firm has a market capitalization of C$3.22 billion, a PE ratio of -19.10, a P/E/G ratio of -0.66 and a beta of 1.07. The company’s fifty day simple moving average is C$30.37 and its 200 day simple moving average is C$37.48.

Perpetua Resources (TSE:PPTA) last posted its earnings results on Monday, May 11th. The company reported C$0.54 earnings per share for the quarter. As a group, equities research analysts expect that Perpetua Resources Corp. will post -0.69 EPS for the current fiscal 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.