Perpetua Resources (PPTA) Projected to Post Quarterly Earnings on Tuesday

Perpetua Resources (NASDAQ:PPTA) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, March 25th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter.

Perpetua Resources Stock Up 8.5 %

Shares of NASDAQ:PPTA opened at $10.68 on Tuesday. Perpetua Resources has a twelve month low of $3.78 and a twelve month high of $13.23. The stock has a market capitalization of $751.24 million, a PE ratio of -48.55 and a beta of 0.27. The firm’s 50 day moving average price is $10.65 and its 200-day moving average price is $10.21.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PPTA. HC Wainwright lifted their price objective on Perpetua Resources from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Roth Mkm upped their target price on shares of Perpetua Resources from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th.

Insider Buying and Selling

In related news, Director Richie Darrin Haddock acquired 5,780 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost of $8.56 per share, for a total transaction of $49,476.80. Following the completion of the transaction, the director now directly owns 5,780 shares in the company, valued at approximately $49,476.80. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mckinsey Margaret Lyon sold 22,710 shares of the 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 sale, the insider now owns 89,154 shares in the company, valued at $786,338.28. The trade was a 20.30 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have bought 20,230 shares of company stock worth $166,582. Corporate insiders own 1.90% of the company’s stock.

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.