Perpetua Resources (PPTA) Projected to Post Earnings on Friday

Perpetua Resources (NASDAQ:PPTA) is projected to release its earnings data before the market opens on Friday, May 9th. Analysts expect Perpetua Resources to post earnings of ($0.02) per share for the quarter.

Perpetua Resources (NASDAQ:PPTA) last announced its earnings results on Wednesday, March 19th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03. On average, analysts expect Perpetua Resources to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Perpetua Resources Price Performance

Perpetua Resources stock opened at $14.97 on Friday. The firm has a 50-day moving average of $11.06 and a 200-day moving average of $10.92. Perpetua Resources has a one year low of $4.96 and a one year high of $15.09. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -68.05 and a beta of 0.12.

Insider Buying and Selling

In related news, insider Michael Stephen Wright sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $13.85, for a total transaction of $90,025.00. Following the transaction, the insider now directly owns 14,195 shares of the company’s stock, valued at approximately $196,600.75. The trade was a 31.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mckinsey Margaret Lyon sold 22,710 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $8.82, for a total value of $200,302.20. Following the transaction, the insider now directly owns 89,154 shares in the company, valued at $786,338.28. The trade was a 20.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have acquired 20,230 shares of company stock valued at $166,582 and have sold 59,610 shares valued at $606,423. 1.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PPTA shares. Roth Mkm increased their price objective on shares of Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. HC Wainwright increased their price objective on shares of Perpetua Resources from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, March 21st. National Bankshares restated an “outperform” rating on shares of Perpetua Resources in a research note on Wednesday, April 2nd. Finally, National Bank Financial raised shares of Perpetua Resources to a “strong-buy” rating in a report on Friday, March 21st.

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.