Perpetua Resources (NASDAQ:PPTA) Issues Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Perpetua Resources (NASDAQ:PPTA) announced its quarterly earnings results on Friday. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.10), Zacks reports.

Perpetua Resources Price Performance

Shares of NASDAQ:PPTA opened at $15.20 on Friday. The firm’s 50-day moving average is $11.83 and its two-hundred day moving average is $11.12. Perpetua Resources has a 1 year low of $5.01 and a 1 year high of $15.44. The firm has a market capitalization of $1.08 billion, a PE ratio of -69.09 and a beta of 0.06.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PPTA shares. National Bank Financial raised shares of Perpetua Resources to a “strong-buy” rating in a research report on Friday, March 21st. HC Wainwright increased their price objective on shares of Perpetua Resources from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, March 21st. Finally, National Bankshares reiterated an “outperform” rating on shares of Perpetua Resources in a report on Wednesday, April 2nd.

Insider Activity at Perpetua Resources

In related news, Director Robert Alan Dean acquired 5,000 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were acquired at an average price of $8.32 per share, with a total value of $41,600.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at $83,200. The trade was a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mckinsey Margaret Lyon sold 22,710 shares of Perpetua Resources stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $8.82, for a total value of $200,302.20. Following the completion of the transaction, the insider now owns 89,154 shares of the company’s stock, valued at approximately $786,338.28. This trade represents a 20.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 20,230 shares of company stock worth $166,582 and sold 59,610 shares worth $606,423. Company insiders own 1.50% of the company’s stock.

Perpetua Resources Company Profile

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.