National Bank Financial Forecasts PPTA FY2024 Earnings

Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) - Investment analysts at National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for shares of Perpetua Resources in a report released on Tuesday, December 3rd. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings per share of ($0.19) 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 ($0.21) per share. National Bank Financial also issued estimates for Perpetua Resources' FY2025 earnings at ($0.17) EPS and FY2026 earnings at ($0.38) EPS.

PPTA has been the topic of several other research reports. HC Wainwright upped their price objective on Perpetua Resources from $13.25 to $22.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Roth Mkm increased their price target on shares of Perpetua Resources from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd.

Perpetua Resources Stock Performance

Perpetua Resources stock traded up $0.73 during midday trading on Friday, hitting $12.24. 1,775,522 shares of the company were exchanged, compared to its average volume of 628,663. The business has a fifty day simple moving average of $9.77 and a two-hundred day simple moving average of $8.01. The firm has a market capitalization of $858.88 million, a PE ratio of -55.64 and a beta of 0.22. Perpetua Resources has a fifty-two week low of $2.69 and a fifty-two week high of $12.71.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Continuum Advisory LLC increased its stake in Perpetua Resources by 500.0% during the 3rd quarter. Continuum Advisory LLC now owns 4,800 shares of the company's stock worth $44,000 after buying an additional 4,000 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in shares of Perpetua Resources during the first quarter worth approximately $51,000. Flaharty Asset Management LLC purchased a new stake in shares of Perpetua Resources during the second quarter worth approximately $70,000. Intech Investment Management LLC acquired a new position in Perpetua Resources in the 3rd quarter valued at $98,000. Finally, Quantbot Technologies LP purchased a new position in Perpetua Resources in the 3rd quarter valued at $123,000. Institutional investors and hedge funds own 70.07% of the company's stock.

Insider Buying and Selling

In other Perpetua Resources news, insider Alan Douglas Haslam sold 40,000 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $10.07, for a total transaction of $402,800.00. Following the transaction, the insider now directly owns 65,571 shares of the company's stock, valued at $660,299.97. This trade represents a 37.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.90% of the stock is currently owned by 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.