Q1 2024 EPS Estimates for Perpetua Resources Corp. (NASDAQ:PPTA) Reduced by Analyst

Perpetua Resources Corp. (NASDAQ:PPTA) – Equities research analysts at Roth Capital decreased their Q1 2024 EPS estimates for shares of Perpetua Resources in a research note issued on Tuesday, April 9th. Roth Capital analyst M. Niehuser now anticipates that the company will earn ($0.04) per share for the quarter, down from their previous forecast of ($0.03). The consensus estimate for Perpetua Resources’ current full-year earnings is ($0.21) per share. Roth Capital also issued estimates for Perpetua Resources’ Q2 2024 earnings at ($0.08) EPS, Q3 2024 earnings at ($0.05) EPS, Q4 2024 earnings at ($0.04) EPS and FY2024 earnings at ($0.21) EPS.

Other equities research analysts also recently issued reports about the stock. HC Wainwright upped their target price on shares of Perpetua Resources from $10.00 to $10.50 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Roth Mkm upped their target price on shares of Perpetua Resources from $7.25 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday.

Perpetua Resources Stock Down 5.4 %

Shares of PPTA opened at $5.92 on Thursday. Perpetua Resources has a fifty-two week low of $2.63 and a fifty-two week high of $6.91. The firm’s 50 day moving average price is $3.83 and its 200 day moving average price is $3.49. The company has a market cap of $379.59 million, a P/E ratio of -20.41 and a beta of 0.40.

Insider Buying and Selling at Perpetua Resources

In other Perpetua Resources news, insider L Michael Bogert sold 8,270 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $4.15, for a total value of $34,320.50. Following the sale, the insider now directly owns 25,479 shares of the company’s stock, valued at approximately $105,737.85. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Perpetua Resources news, insider L Michael Bogert sold 8,270 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $4.15, for a total value of $34,320.50. Following the sale, the insider now directly owns 25,479 shares of the company’s stock, valued at approximately $105,737.85. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Chris J. Robison acquired 10,000 shares of the company’s stock in a transaction on Thursday, January 18th. The stock was purchased at an average cost of $2.95 per share, for a total transaction of $29,500.00. Following the completion of the transaction, the director now owns 60,000 shares in the company, valued at approximately $177,000. The disclosure for this purchase can be found here. Insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of Perpetua Resources by 3.2% in the 1st quarter. BlackRock Inc. now owns 80,008 shares of the company’s stock valued at $356,000 after buying an additional 2,454 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Perpetua Resources by 5.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 74,218 shares of the company’s stock worth $305,000 after purchasing an additional 3,877 shares during the period. Vanguard Group Inc. boosted its stake in Perpetua Resources by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 164,766 shares of the company’s stock worth $676,000 after purchasing an additional 4,593 shares during the period. Bank of New York Mellon Corp boosted its stake in Perpetua Resources by 8.1% during the 1st quarter. Bank of New York Mellon Corp now owns 66,040 shares of the company’s stock worth $271,000 after purchasing an additional 4,955 shares during the period. Finally, Geode Capital Management LLC grew its position in Perpetua Resources by 21.1% during the first quarter. Geode Capital Management LLC now owns 34,563 shares of the company’s stock worth $154,000 after buying an additional 6,021 shares during the period. Institutional investors and hedge funds 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.