Ethic Inc. raised its position in shares of Perpetua Resources Corp. (NASDAQ: PPTA) by 87.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,364 shares of the company's stock after purchasing an additional 12,303 shares during the quarter. Ethic Inc.'s holdings
Does Perpetua Resources Corp. (PPTA) have what it takes to be a top stock pick for momentum investors? Let's find out.
The consensus price target hints at a 27.2% upside potential for Perpetua Resources (PPTA). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Based on the strong project progress, the achievement of the desired financing level, and the favorable dynamics in the gold/antimony market, we are upgrading Perpetua Resources to "Buy." The Stibnite Gold Project is of strategic importance. It offers significant gold production, hosts the only antimony deposit mined in the US, and serves the needs of defense. Recent $474M equity raise and pending $2B EXIM debt financing solidly position the company for construction and future production, with permitting nearly complete.
The average of price targets set by Wall Street analysts indicates a potential upside of 25.4% in Perpetua Resources (PPTA). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
The U.S. is accelerating its decoupling from China, deregulating its mining industry to reduce reliance on Chinese critical metal exports. Perpetua Resources' Stibnite Gold Project is a key beneficiary, offering significant antimony and gold reserves, aligning with U.S. strategic interests. The project is financially viable with strong government backing, including potential $1.8 billion debt financing from the U.S. EXIM Bank.
The US-China trade war and China's antimony export restrictions have heightened interest in Perpetua Resources' Stibnite Gold Project in Idaho. Perpetua's Stibnite mine has a gold Reserve of 4.8Moz at an average grade of 1.43g/t and and antimony Reserve of 148Mlbs at 0.06%. Perpetua's project aims to begin commercial production in 2028.
Here is how Perpetua Resources Corp. (PPTA) and Siderurgica Nacional (SID) have performed compared to their sector so far this year.
Perpetua Resources (PPTA) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Perpetua Resources (PPTA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Here is how Perpetua Resources Corp. (PPTA) and Royal Gold (RGLD) have performed compared to their sector so far this year.
Roth MKM raised the firm's price target on Perpetua Resources to $19 from $15 and keeps a Buy rating on the shares after the U.S. Forest Service published a Final Record of Decision authorizing Perpetua's mine plan for its Stibnite Gold Project in Idaho. The Final Record of Decision is the "keystone authorization" to commence construction, says the firm, which expresses a "high degree of confidence" that the remaining permits will follow in a "timely manner."