National Bank Financial Initiates Coverage on Perpetua Resources (NASDAQ:PPTA)

Stock analysts at National Bank Financial started coverage on shares of Perpetua Resources (NASDAQ:PPTA) in a research note issued to investors on Friday, Briefing.com reports. The firm set an “outperform” rating on the stock.

Separately, HC Wainwright reaffirmed a “buy” rating and set a $13.25 price objective on shares of Perpetua Resources in a research note on Thursday, August 22nd.

Perpetua Resources Price Performance

PPTA stock opened at $9.02 on Friday. The company’s 50 day simple moving average is $6.87 and its 200-day simple moving average is $5.79. Perpetua Resources has a 12 month low of $2.69 and a 12 month high of $9.70. The firm has a market capitalization of $582.69 million, a PE ratio of -33.41 and a beta of 0.28.

Perpetua Resources (NASDAQ:PPTA) last posted its earnings results on Friday, August 9th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. As a group, sell-side analysts anticipate that Perpetua Resources will post -0.21 earnings per share for the current year.

Institutional Trading of Perpetua Resources

A number of hedge funds have recently bought and sold shares of PPTA. Price T Rowe Associates Inc. MD purchased a new stake in Perpetua Resources in the 1st quarter valued at about $51,000. Flaharty Asset Management LLC purchased a new stake in Perpetua Resources in the second quarter valued at approximately $70,000. American Century Companies Inc. acquired a new position in Perpetua Resources during the second quarter worth approximately $124,000. Marshall Wace LLP purchased a new position in Perpetua Resources during the second quarter worth approximately $197,000. Finally, National Bank of Canada FI purchased a new position in Perpetua Resources during the fourth quarter worth approximately $148,000. 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.