Perpetua Resources Corp. (NASDAQ:PPTA – Free Report) – HC Wainwright increased their FY2026 earnings per share (EPS) estimates for Perpetua Resources in a research report issued on Tuesday, May 12th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of ($1.06) per share for the year, up from their previous forecast of ($1.09). HC Wainwright has a “Buy” rating and a $41.00 price objective on the stock. The consensus estimate for Perpetua Resources’ current full-year earnings is ($1.56) per share.
Several other research firms also recently commented on PPTA. B. Riley Financial lifted their price target on shares of Perpetua Resources from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Zacks Research cut shares of Perpetua Resources from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perpetua Resources in a report on Tuesday, April 21st. Six research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.00.
Perpetua Resources Price Performance
NASDAQ:PPTA opened at $31.77 on Thursday. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of -24.07 and a beta of 0.02. The business has a 50 day moving average of $29.70 and a 200 day moving average of $28.22. Perpetua Resources has a 1-year low of $11.22 and a 1-year high of $37.37.
Perpetua Resources (NASDAQ:PPTA – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.21).
Institutional Investors Weigh In On Perpetua Resources
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in Perpetua Resources by 3,107.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,910,833 shares of the company’s stock worth $70,471,000 after acquiring an additional 2,820,067 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Perpetua Resources by 40.4% during the third quarter. Alyeska Investment Group L.P. now owns 4,581,234 shares of the company’s stock valued at $92,678,000 after acquiring an additional 1,318,008 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Perpetua Resources by 65.1% during the fourth quarter. Vanguard Group Inc. now owns 3,157,670 shares of the company’s stock valued at $76,447,000 after acquiring an additional 1,245,630 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Perpetua Resources by 53.4% during the third quarter. Van ECK Associates Corp now owns 2,840,546 shares of the company’s stock worth $57,464,000 after purchasing an additional 989,090 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Perpetua Resources by 219.0% in the first quarter. Millennium Management LLC now owns 1,181,899 shares of the company’s stock worth $12,634,000 after purchasing an additional 811,363 shares during the last quarter. 70.07% of the stock is currently owned by institutional investors.
Insider Activity at Perpetua Resources
In other news, insider Mckinsey Margaret Lyon sold 8,699 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $29.53, for a total transaction of $256,881.47. Following the completion of the sale, the insider owned 142,329 shares of the company’s stock, valued at approximately $4,202,975.37. This represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan Cherry sold 4,079 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $29.31, for a total transaction of $119,555.49. Following the completion of the transaction, the insider owned 44,895 shares in the company, valued at $1,315,872.45. This represents a 8.33% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is owned by company insiders.
Perpetua Resources Company Profile
Perpetua Resources Inc (NASDAQ: PPTA), formerly known as eCobalt Solutions Inc, is a mineral exploration and development company focused on critical metals that support the global clean-energy transition. The company’s primary objective is to advance its flagship Idaho Cobalt Project, a permitted underground mine located near Stibnite, Idaho. This project is designed to produce cobalt, copper, gold and silver, with an emphasis on providing responsibly sourced materials to North American battery and technology markets.
In addition to its Idaho Cobalt Project, Perpetua Resources holds exploration licenses and mineral tenures across the United States and Canada.
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