Perpetua Resources Corp. (NASDAQ:PPTA - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 128,514 shares changed hands during trading, a decline of 44% from the previous session's volume of 228,858 shares.The stock last traded at $9.22 and had previously closed at $8.77.
Analyst Ratings Changes
A number of research analysts have recently weighed in on PPTA shares. HC Wainwright reiterated a "buy" rating and set a $13.25 price target on shares of Perpetua Resources in a report on Thursday, August 22nd. National Bank Financial started coverage on Perpetua Resources in a report on Friday, September 6th. They set an "outperform" rating on the stock.
Check Out Our Latest Stock Analysis on Perpetua Resources
Perpetua Resources Price Performance
The business has a fifty day moving average of $7.68 and a 200 day moving average of $6.33. The stock has a market cap of $584.45 million, a price-to-earnings ratio of -34.15 and a beta of 0.29.
Perpetua Resources (NASDAQ:PPTA - Get Free Report) last released its quarterly earnings data on Friday, August 9th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.02. On average, analysts expect that Perpetua Resources Corp. will post -0.21 EPS for the current year.
Institutional Investors Weigh In On Perpetua Resources
Several hedge funds have recently modified their holdings of the business. Marshall Wace LLP bought a new stake in shares of Perpetua Resources in the second quarter valued at approximately $197,000. Herr Investment Group LLC boosted its position in shares of Perpetua Resources by 5.8% in the second quarter. Herr Investment Group LLC now owns 1,450,498 shares of the company's stock valued at $7,543,000 after acquiring an additional 80,000 shares during the period. American Century Companies Inc. bought a new stake in shares of Perpetua Resources in the second quarter valued at approximately $124,000. National Bank of Canada FI lifted its position in Perpetua Resources by 37.5% in the second quarter. National Bank of Canada FI now owns 55,000 shares of the company's stock worth $281,000 after purchasing an additional 15,000 shares during the period. Finally, Rhumbline Advisers lifted its position in Perpetua Resources by 51.0% in the second quarter. Rhumbline Advisers now owns 49,450 shares of the company's stock worth $257,000 after purchasing an additional 16,698 shares during the period. 70.07% of the stock is owned by institutional investors.
About Perpetua Resources
(
Get Free Report)
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.
See Also
Before you consider Perpetua Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Perpetua Resources wasn't on the list.
While Perpetua Resources currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
