Shares of Perpetua Resources Corp. (NASDAQ:PPTA – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $10.68 and last traded at $10.61, with a volume of 93425 shares trading hands. The stock had previously closed at $10.38.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on PPTA. HC Wainwright restated a “buy” rating and issued a $13.25 price objective on shares of Perpetua Resources in a research note on Thursday, August 22nd. National Bank Financial initiated coverage on shares of Perpetua Resources in a research report on Friday, September 6th. They set an “outperform” rating for the company.
View Our Latest Research Report on PPTA
Perpetua Resources Price Performance
Perpetua Resources (NASDAQ:PPTA – Get Free Report) last issued its quarterly earnings results on Friday, August 9th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. Research analysts expect that Perpetua Resources Corp. will post -0.21 EPS for the current year.
Hedge Funds Weigh In On Perpetua Resources
Several large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD acquired a new position in shares of Perpetua Resources in the first quarter valued at $51,000. Flaharty Asset Management LLC acquired a new position in shares of Perpetua Resources in the 2nd quarter valued at $70,000. SG Americas Securities LLC bought a new position in shares of Perpetua Resources during the 3rd quarter worth about $125,000. American Century Companies Inc. bought a new position in shares of Perpetua Resources during the 2nd quarter worth about $124,000. Finally, U S Global Investors Inc. acquired a new stake in shares of Perpetua Resources during the 3rd quarter valued at about $234,000. Institutional investors and hedge funds own 70.07% of the company’s stock.
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.
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