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

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

Perpetua Resources Stock Performance

Shares of PPTA stock opened at $15.20 on Friday. The firm has a fifty day moving average of $11.83 and a 200-day moving average of $11.12. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -69.09 and a beta of 0.06. Perpetua Resources has a 52-week low of $5.01 and a 52-week high of $15.44.

Insider Activity at Perpetua Resources

In other news, insider Alan Douglas Haslam sold 10,400 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $9.24, for a total value of $96,096.00. Following the sale, the insider now owns 65,763 shares of the company’s stock, valued at approximately $607,650.12. This represents a 13.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Stephen Wright sold 6,500 shares of Perpetua Resources stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $13.85, for a total transaction of $90,025.00. Following the transaction, the insider now directly owns 14,195 shares of the company’s stock, valued at $196,600.75. This represents a 31.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 20,230 shares of company stock valued at $166,582 and have sold 59,610 shares valued at $606,423. 1.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PPTA. National Bank Financial raised Perpetua Resources to a “strong-buy” rating in a research report on Friday, March 21st. HC Wainwright raised their price target 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 research note on Wednesday, April 2nd.

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.