Perpetua Resources’ (PPTA) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of Perpetua Resources (NASDAQ:PPTA) in a report published on Wednesday,Benzinga reports. The brokerage currently has a $41.00 price target on the stock. HC Wainwright also issued estimates for Perpetua Resources’ FY2026 earnings at ($1.09) EPS.

PPTA has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perpetua Resources in a report on Thursday, January 22nd. B. Riley Financial increased their target price on Perpetua Resources from $30.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. Six analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Perpetua Resources Trading Down 0.6%

NASDAQ PPTA opened at $29.94 on Wednesday. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of -28.51 and a beta of 0.15. Perpetua Resources has a twelve month low of $11.22 and a twelve month high of $37.37. The stock has a 50-day moving average of $29.80 and a 200 day moving average of $27.16.

Perpetua Resources (NASDAQ:PPTA) last released its quarterly earnings results on Tuesday, March 31st. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.60). Equities analysts predict that Perpetua Resources will post -0.21 EPS for the current fiscal year.

Insider Buying and Selling

In other Perpetua Resources news, insider Jonathan Cherry sold 4,079 shares of the 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 of the company’s stock, valued at $1,315,872.45. This represents a 8.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mckinsey Margaret Lyon sold 43,722 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $27.57, for a total value of $1,205,415.54. Following the completion of the sale, the insider owned 132,110 shares of the company’s stock, valued at $3,642,272.70. This trade represents a 24.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 56,500 shares of company stock valued at $1,581,853 in the last three months. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Perpetua Resources

A number of large investors have recently made changes to their positions in PPTA. Steward Partners Investment Advisory LLC purchased a new stake in shares of Perpetua Resources in the second quarter valued at approximately $31,000. Smartleaf Asset Management LLC purchased a new stake in shares of Perpetua Resources in the fourth quarter valued at approximately $31,000. Private Trust Co. NA purchased a new stake in shares of Perpetua Resources in the third quarter valued at approximately $35,000. UMB Bank n.a. purchased a new stake in shares of Perpetua Resources in the fourth quarter valued at approximately $36,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Perpetua Resources in the fourth quarter valued at approximately $40,000. 70.07% of the stock is currently owned by hedge funds and other institutional investors.

About Perpetua Resources

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.