During The Past Six Months, Perpetua Resources Corp (NASDAQ: PPTA) Shares Took An 79.37% Jump. Here Is What We Should Expect

During the last session, Perpetua Resources Corp (NASDAQ:PPTA)’s traded shares were 0.83 million, with the beta value of the company hitting 1.16. At the end of the trading day, the stock’s price was $11.91, reflecting an intraday gain of 0.85% or $0.1. The 52-week high for the PPTA share is $13.18, that puts it down -10.66 from that peak though still a striking 77.41% gain since the share price plummeted to a 52-week low of $2.69. The company’s market capitalization is $835.68M, and the average intraday trading volume over the past 10 days was 1.1 million shares, and the average trade volume was 556.61K shares over the past three months.

Perpetua Resources Corp (PPTA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. PPTA has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.09.

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Perpetua Resources Corp (NASDAQ:PPTA) trade information

Perpetua Resources Corp (PPTA) registered a 0.85% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.85% in intraday trading to $11.91, hitting a weekly high. The stock’s 5-day price performance is -2.70%, and it has moved by 34.42% in 30 days. Based on these gigs, the overall price performance for the year is 267.59%. The short interest in Perpetua Resources Corp (NASDAQ:PPTA) is 1.77 million shares and it means that shorts have 3.91 day(s) to cover.

The consensus price target of analysts on Wall Street is $13.25, which implies an increase of 10.11% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13.25 and $13.25 respectively. As a result, PPTA is trading at a discount of -11.25% off the target high and -11.25% off the low.

Perpetua Resources Corp (PPTA) estimates and forecasts

Statistics show that Perpetua Resources Corp has outperformed its competitors in share price, compared to the industry in which it operates. Perpetua Resources Corp (PPTA) shares have gone up 79.37% during the last six months, with a year-to-date growth rate more than the industry average at 30.00% against 8.20.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 32.88%. While earnings are projected to return 28.89% in 2024.

PPTA Dividends

Perpetua Resources Corp is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Perpetua Resources Corp (NASDAQ:PPTA)’s Major holders

Perpetua Resources Corp insiders own 0.40% of total outstanding shares while institutional holders control 68.53%, with the float percentage being 68.81%. PAULSON & CO. INC. is the largest shareholder of the company, while 131.0 institutions own stock in it. As of 2024-06-30, the company held over 24.77 million shares (or 38.631% of all shares), a total value of $128.81 million in shares.

The next largest institutional holding, with 5.06 million shares, is of KOPERNIK GLOBAL INVESTORS, LLC’s that is approximately 7.8952% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $26.33 million.