Perpetua Resources Corp. to Post FY2024 Earnings of ($0.21) Per Share, HC Wainwright Forecasts (NASDAQ:PPTA)

Perpetua Resources Corp. (NASDAQ:PPTA) – Equities researchers at HC Wainwright reduced their FY2024 EPS estimates for shares of Perpetua Resources in a research report issued on Thursday, August 22nd. HC Wainwright analyst H. Ihle now expects that the company will post earnings of ($0.21) per share for the year, down from their previous forecast of ($0.20). HC Wainwright currently has a “Buy” rating and a $13.25 target price on the stock. The consensus estimate for Perpetua Resources’ current full-year earnings is ($0.20) per share.

Perpetua Resources Stock Performance

Shares of PPTA stock opened at $8.79 on Monday. The company has a market capitalization of $567.34 million, a P/E ratio of -32.56 and a beta of 0.25. Perpetua Resources has a 52 week low of $2.69 and a 52 week high of $9.28. The company’s 50 day moving average price is $6.44 and its two-hundred day moving average price is $5.47.

Perpetua Resources (NASDAQ:PPTA) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.02.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Krilogy Financial LLC grew its stake in Perpetua Resources by 3.6% in the 1st quarter. Krilogy Financial LLC now owns 1,727,840 shares of the company’s stock valued at $7,188,000 after buying an additional 60,500 shares during the last quarter. B. Riley Financial Inc. raised its holdings in Perpetua Resources by 1.6% in the 4th quarter. B. Riley Financial Inc. now owns 1,489,903 shares of the company’s stock valued at $4,723,000 after buying an additional 24,152 shares during the last quarter. Herr Investment Group LLC lifted its holdings in shares of Perpetua Resources by 5.8% during the second quarter. Herr Investment Group LLC now owns 1,450,498 shares of the company’s stock worth $7,543,000 after purchasing an additional 80,000 shares during the period. Russell Investments Group Ltd. raised its position in shares of Perpetua Resources by 1.6% during the first quarter. Russell Investments Group Ltd. now owns 581,600 shares of the company’s stock worth $2,419,000 after acquiring an additional 8,985 shares during the last quarter. Finally, Donald Smith & CO. Inc. acquired a new position in shares of Perpetua Resources in the fourth quarter worth approximately $999,000. 70.07% of the stock is owned by institutional investors and hedge funds.

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.