Perpetua Resources (PPTA) to Release Earnings on Tuesday

Perpetua Resources (NASDAQ:PPTA) is projected to announce its earnings results before the market opens on Tuesday, March 25th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter.

Perpetua Resources Stock Up 8.5 %

Perpetua Resources stock opened at $10.68 on Tuesday. The firm has a fifty day simple moving average of $10.65 and a two-hundred day simple moving average of $10.21. Perpetua Resources has a twelve month low of $3.78 and a twelve month high of $13.23. The company has a market capitalization of $751.24 million, a PE ratio of -48.55 and a beta of 0.27.

Insider Activity at Perpetua Resources

In other Perpetua Resources news, Director Robert Alan Dean bought 5,000 shares of the stock in a transaction dated Friday, February 21st. The stock was purchased at an average cost of $8.32 per share, for a total transaction of $41,600.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $83,200. This trade represents a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richie Darrin Haddock acquired 5,780 shares of the stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $8.56 per share, with a total value of $49,476.80. Following the purchase, the director now directly owns 5,780 shares of the company’s stock, valued at $49,476.80. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought 20,230 shares of company stock worth $166,582 over the last ninety days. 1.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PPTA has been the subject of several analyst reports. HC Wainwright increased their price target on shares of Perpetua Resources from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Roth Mkm lifted their price objective on Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th.

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.