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.
| Metals & Mining Industry | Materials Sector | Jonathan Cherry CEO | NASDAQ (CM) Exchange | 714266103 CUSIP |
| US Country | 36 Employees | - Last Dividend | 29 Jan 2021 Last Split | 18 Feb 2021 IPO Date |
Perpetua Resources Corp., initially recognized as Midas Gold Corp. before renaming in February 2021, is a dedicated entity in the mining sector with its operations centralized in the United States. Established in 2011 and with its headquarters in Boise, Idaho, the company's principal endeavor lies in the exploration and development of mineral properties. The focal point of their operation is the search and extraction of gold, silver, and antimony deposits. A significant asset under their belt is the 100% owned Stibnite Gold project, encapsulating an expansive area of approximately 11,548 hectares in Valley County, Idaho. This project is a comprehensive setup that includes 1,672 unpatented lode claims, numerous mill sites, and patented land holdings, positioning Perpetua Resources Corp. as a notable player in the United States mining industry.
The cornerstone of Perpetua Resources Corp's operation is its rigorous exploration and development of gold deposits. Centered around the Stibnite Gold project in Idaho, the company dedicates substantial resources to unearth and process gold, offering potential high-value returns on its excavation and development activities.
In addition to gold, Perpetua Resources Corp. ventures into the exploration of silver deposits. Their comprehensive exploration strategy ensures a broadened portfolio, adding another layer of diversification and potential revenue from silver mining operations.
Perpetua Resources Corp. is also engaged in the extraction of antimony, a critical element used in a variety of applications including flame retardants and lead-acid batteries. Through its Stibnite Gold project, the company seeks to tap into the antimony market, leveraging the dual-purpose nature of their mining operations to extract both precious metals and antimony.