Roth Capital Has Negative Forecast for PPTA FY2024 Earnings

Perpetua Resources Corp. (NASDAQ:PPTA) – Research analysts at Roth Capital lowered their FY2024 EPS estimates for shares of Perpetua Resources in a report released on Wednesday, December 11th. Roth Capital analyst M. Niehuser now expects that the company will post earnings per share of ($0.25) for the year, down from their prior forecast of ($0.23). The consensus estimate for Perpetua Resources’ current full-year earnings is ($0.21) per share. Roth Capital also issued estimates for Perpetua Resources’ Q4 2024 earnings at ($0.09) EPS, Q1 2025 earnings at ($0.02) EPS, Q2 2025 earnings at ($0.02) EPS and FY2025 earnings at ($0.14) EPS.

Several other research firms also recently weighed in on PPTA. HC Wainwright boosted their target price on Perpetua Resources from $13.25 to $22.00 and gave the company a “buy” rating in a report on Friday, November 15th. Roth Mkm reiterated a “buy” rating and issued a $15.00 price objective on shares of Perpetua Resources in a research note on Thursday. Finally, National Bank Financial started coverage on Perpetua Resources in a report on Friday, September 6th. They issued an “outperform” rating for the company.

Perpetua Resources Price Performance

NASDAQ PPTA opened at $11.91 on Monday. The company has a fifty day moving average of $10.06 and a two-hundred day moving average of $8.25. The company has a market capitalization of $835.72 million, a PE ratio of -54.14 and a beta of 0.22. Perpetua Resources has a 1 year low of $2.69 and a 1 year high of $13.18.

Insider Activity

In other news, insider Alan Douglas Haslam sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $10.07, for a total transaction of $402,800.00. Following the completion of the sale, the insider now owns 65,571 shares in the company, valued at $660,299.97. This represents a 37.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Perpetua Resources

Several institutional investors have recently bought and sold shares of PPTA. Continuum Advisory LLC increased its stake in shares of Perpetua Resources by 500.0% during the third quarter. Continuum Advisory LLC now owns 4,800 shares of the company’s stock worth $44,000 after acquiring an additional 4,000 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Perpetua Resources in the third quarter valued at approximately $98,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Perpetua Resources in the first quarter valued at approximately $51,000. Quantbot Technologies LP acquired a new position in Perpetua Resources during the third quarter worth $123,000. Finally, Flaharty Asset Management LLC purchased a new position in Perpetua Resources in the second quarter worth $70,000. 70.07% of the stock is owned by institutional investors and hedge funds.

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.