HC Wainwright Analysts Boost Earnings Estimates for Perpetua Resources Corp. (NASDAQ:PPTA)

Perpetua Resources Corp. (NASDAQ:PPTA – Get Rating) – HC Wainwright boosted their FY2023 EPS estimates for shares of Perpetua Resources in a report released on Tuesday, May 23rd. HC Wainwright analyst H. Ihle now expects that the company will post earnings of ($0.40) per share for the year, up from their prior forecast of ($0.50). The consensus estimate for Perpetua Resources’ current full-year earnings is ($0.44) per share.

Perpetua Resources (NASDAQ:PPTA – Get Rating) last posted its earnings results on Thursday, March 16th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.09).

Perpetua Resources Stock Down 8.4 %

Perpetua Resources stock opened at $4.46 on Thursday. The firm has a 50-day moving average price of $4.63 and a two-hundred day moving average price of $3.52. The firm has a market capitalization of $281.74 million, a price-to-earnings ratio of -10.37 and a beta of 0.64. Perpetua Resources has a 52-week low of $1.69 and a 52-week high of $5.49.

Institutional Trading of Perpetua Resources

Institutional investors have recently made changes to their positions in the stock. Simplicity Wealth LLC acquired a new stake in shares of Perpetua Resources in the 1st quarter worth approximately $44,000. Hsbc Holdings PLC acquired a new stake in shares of Perpetua Resources in the 3rd quarter worth approximately $48,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Perpetua Resources in the 1st quarter worth approximately $49,000. Balyasny Asset Management L.P. acquired a new stake in shares of Perpetua Resources in the 1st quarter worth approximately $58,000. Finally, Barclays PLC lifted its stake in shares of Perpetua Resources by 73.9% in the 3rd quarter. Barclays PLC now owns 31,184 shares of the company’s stock worth $63,000 after acquiring an additional 13,255 shares during the period. 69.23% of the stock is owned by institutional investors and hedge funds.

Perpetua Resources Company Profile

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Perpetua Resources Corp. engages in the mineral exploration activities in the United States. The company primarily explores for gold, silver, and antimony. Its principal asset is the 100% owned Stibnite gold project located in Valley County, Idaho. The company was formerly known as Midas Gold Corp. and changed its name to Perpetua Resources Corp.