Perpetua Resources (NASDAQ:PPTA) Releases Quarterly Earnings Results, Beats Expectations By $0.26 EPS

Perpetua Resources (NASDAQ:PPTA) released its quarterly earnings data on Friday. The company reported ($0.63) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.89) by $0.26, FiscalAI reports.

Perpetua Resources Stock Performance

Shares of NASDAQ:PPTA traded down $0.04 on Friday, hitting $17.78. The stock had a trading volume of 971,321 shares, compared to its average volume of 1,570,358. Perpetua Resources has a twelve month low of $15.66 and a twelve month high of $37.37. The firm’s 50 day moving average price is $20.31 and its 200-day moving average price is $24.81. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of -8.80 and a beta of 0.24.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PPTA. B. Riley Financial started coverage on Perpetua Resources in a research report on Monday, August 3rd. They issued a “buy” rating and a $30.00 target price for the company. HC Wainwright reissued a “buy” rating and issued a $43.50 price target on shares of Perpetua Resources in a report on Wednesday, September 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Perpetua Resources in a report on Thursday, October 15th. Scotiabank started coverage on Perpetua Resources in a research note on Tuesday, September 1st. They issued a “sector outperform” rating on the stock. Finally, Zacks Research cut Perpetua Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Three analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $36.75.

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.