National Bank Financial Comments on PPTA FY2024 Earnings

Perpetua Resources Corp. (NASDAQ:PPTA) – Equities researchers at National Bank Financial reduced their FY2024 earnings estimates for Perpetua Resources in a research report issued on Tuesday, December 3rd. National Bank Financial analyst M. Parkin now expects that the company will earn ($0.19) per share for the year, down from their previous estimate of ($0.18). National Bank Financial has a “Outperform” rating on the stock. The consensus estimate for Perpetua Resources’ current full-year earnings is ($0.20) per share. National Bank Financial also issued estimates for Perpetua Resources’ FY2025 earnings at ($0.17) EPS and FY2026 earnings at ($0.38) EPS.

A number of other research firms also recently issued reports on PPTA. Roth Mkm boosted their price target on Perpetua Resources from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. HC Wainwright increased their target price on shares of Perpetua Resources from $13.25 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 15th.

Perpetua Resources Stock Up 6.3 %

PPTA stock opened at $12.24 on Friday. The company has a market cap of $858.83 million, a price-to-earnings ratio of -56.18 and a beta of 0.22. The business has a fifty day simple moving average of $9.71 and a 200-day simple moving average of $7.96. Perpetua Resources has a 52 week low of $2.69 and a 52 week high of $12.71.

Institutional Trading of Perpetua Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD acquired a new position in shares of Perpetua Resources in the 1st quarter valued at approximately $51,000. Bank of New York Mellon Corp raised its holdings in Perpetua Resources by 20.0% in the second quarter. Bank of New York Mellon Corp now owns 107,551 shares of the company’s stock valued at $559,000 after acquiring an additional 17,954 shares in the last quarter. Flaharty Asset Management LLC bought a new position in Perpetua Resources during the 2nd quarter valued at $70,000. Rhumbline Advisers grew its holdings in Perpetua Resources by 51.0% during the 2nd quarter. Rhumbline Advisers now owns 49,450 shares of the company’s stock worth $257,000 after acquiring an additional 16,698 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Perpetua Resources by 37.5% in the 2nd quarter. National Bank of Canada FI now owns 55,000 shares of the company’s stock worth $281,000 after purchasing an additional 15,000 shares during the last quarter. 70.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Perpetua Resources news, insider Alan Douglas Haslam sold 40,000 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $10.07, for a total value of $402,800.00. Following the transaction, the insider now owns 65,571 shares in the company, valued at $660,299.97. The trade was a 37.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by corporate insiders.

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.