HC Wainwright Issues Pessimistic Forecast for PPTA Earnings

Perpetua Resources Corp. (NASDAQ:PPTA) – Investment analysts at HC Wainwright cut their FY2026 earnings estimates for shares of Perpetua Resources in a research report issued on Wednesday, April 8th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings per share of ($1.09) for the year, down from their previous forecast of ($0.16). HC Wainwright has a “Buy” rating and a $41.00 price target on the stock. The consensus estimate for Perpetua Resources’ current full-year earnings is ($0.21) per share.

Perpetua Resources (NASDAQ:PPTA) last announced its earnings results on Tuesday, March 31st. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.60).

Several other research analysts also recently commented on the stock. Zacks Research downgraded shares of Perpetua Resources from a “hold” rating to a “strong sell” rating in a report on Wednesday. B. Riley Financial raised their price target on shares of Perpetua Resources from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Perpetua Resources in a research report on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Perpetua Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Perpetua Resources Price Performance

Shares of PPTA opened at $29.94 on Friday. The company has a market capitalization of $3.74 billion, a PE ratio of -28.51 and a beta of 0.15. Perpetua Resources has a one year low of $11.22 and a one year high of $37.37. The company’s fifty day moving average price is $29.80 and its 200 day moving average price is $27.16.

Insider Transactions at Perpetua Resources

In other Perpetua Resources news, insider Mckinsey Margaret Lyon sold 43,722 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $27.57, for a total value of $1,205,415.54. Following the transaction, the insider directly owned 132,110 shares in the company, valued at $3,642,272.70. The trade was a 24.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan Cherry sold 4,079 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $29.31, for a total transaction of $119,555.49. Following the completion of the transaction, the insider owned 44,895 shares in the company, valued at approximately $1,315,872.45. This trade represents a 8.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 56,500 shares of company stock worth $1,581,853. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Perpetua Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PPTA. AQR Capital Management LLC boosted its position in Perpetua Resources by 12.6% in the first quarter. AQR Capital Management LLC now owns 15,909 shares of the company’s stock valued at $170,000 after buying an additional 1,780 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Perpetua Resources by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,958 shares of the company’s stock worth $672,000 after purchasing an additional 2,680 shares in the last quarter. Millennium Management LLC lifted its position in shares of Perpetua Resources by 219.0% during the first quarter. Millennium Management LLC now owns 1,181,899 shares of the company’s stock worth $12,634,000 after purchasing an additional 811,363 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Perpetua Resources by 1.7% during the first quarter. Goldman Sachs Group Inc. now owns 108,921 shares of the company’s stock worth $1,164,000 after purchasing an additional 1,835 shares in the last quarter. Finally, Creative Planning acquired a new position in shares of Perpetua Resources during the second quarter worth approximately $134,000. 70.07% of the stock is currently owned by institutional investors and hedge funds.

Perpetua Resources Company Profile

Perpetua Resources Inc (NASDAQ: PPTA), formerly known as eCobalt Solutions Inc, is a mineral exploration and development company focused on critical metals that support the global clean-energy transition. The company’s primary objective is to advance its flagship Idaho Cobalt Project, a permitted underground mine located near Stibnite, Idaho. This project is designed to produce cobalt, copper, gold and silver, with an emphasis on providing responsibly sourced materials to North American battery and technology markets.

In addition to its Idaho Cobalt Project, Perpetua Resources holds exploration licenses and mineral tenures across the United States and Canada.