Roth Capital Predicts Lower Earnings for Perpetua Resources

Perpetua Resources Corp. (NASDAQ:PPTA - Free Report) - Research analysts at Roth Capital reduced their FY2024 earnings per share estimates for Perpetua Resources in a report released on Wednesday, December 11th. Roth Capital analyst M. Niehuser now anticipates that the company will post earnings of ($0.25) per share 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.

Other equities research analysts also recently issued reports about the stock. Roth Mkm reissued a "buy" rating and issued a $15.00 price target on shares of Perpetua Resources in a research note on Thursday. National Bank Financial assumed coverage on Perpetua Resources in a research report on Friday, September 6th. They issued an "outperform" rating on the stock. Finally, HC Wainwright raised their price target on Perpetua Resources from $13.25 to $22.00 and gave the stock a "buy" rating in a research report on Friday, November 15th.

Perpetua Resources Trading Up 4.0 %

PPTA traded up $0.48 on Monday, hitting $12.39. The company had a trading volume of 821,524 shares, compared to its average volume of 313,590. The company's fifty day moving average price is $10.06 and its 200 day moving average price is $8.25. Perpetua Resources has a 1 year low of $2.69 and a 1 year high of $13.18. The firm has a market cap of $869.41 million, a P/E ratio of -54.14 and a beta of 0.22.

Insider Activity

In other news, insider Alan Douglas Haslam sold 40,000 shares of the firm's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $10.07, for a total transaction of $402,800.00. Following the sale, the insider now owns 65,571 shares of the company's stock, valued at approximately $660,299.97. This trade represents a 37.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.90% of the company's stock.

Institutional Trading of Perpetua Resources

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its holdings in shares of Perpetua Resources by 0.5% in the third quarter. Geode Capital Management LLC now owns 484,829 shares of the company's stock valued at $4,533,000 after buying an additional 2,252 shares during the last quarter. Jane Street Group LLC lifted its position in Perpetua Resources by 4.3% during the 3rd quarter. Jane Street Group LLC now owns 63,527 shares of the company's stock worth $597,000 after acquiring an additional 2,605 shares during the period. Continuum Advisory LLC grew its stake in shares of Perpetua Resources by 500.0% in the 3rd quarter. Continuum Advisory LLC now owns 4,800 shares of the company's stock valued at $44,000 after purchasing an additional 4,000 shares during the last quarter. Virtu Financial LLC grew its stake in shares of Perpetua Resources by 43.6% in the 3rd quarter. Virtu Financial LLC now owns 34,478 shares of the company's stock valued at $322,000 after purchasing an additional 10,463 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Perpetua Resources during the third quarter worth approximately $98,000. Hedge funds and other institutional investors own 70.07% of the company's stock.

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.