H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Perpetua Resources (PPTA – Research Report) today and set a price target of $8.50. The company’s shares closed yesterday at $1.93.
Ihle covers the Basic Materials sector, focusing on stocks such as Golden Minerals Co, Hecla Mining Company, and Gold Resource. According to TipRanks, Ihle has an average return of -21.5% and a 16.96% success rate on recommended stocks.
Currently, the analyst consensus on Perpetua Resources is a Moderate Buy with an average price target of $8.50.
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PPTA market cap is currently $121.6M and has a P/E ratio of -3.19.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PPTA in relation to earlier this year.
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Midas Gold Corp. engages in mineral exploration. The firm operates through the following segment Mineral Exploration: The Mineral Exploration segment focuses on exploration, evaluation and potential development of the Stibnite Gold Project. The company was founded on February 22, 2011 and is headquartered in Vancouver, Canada.
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