In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Perpetua Resources (PPTA – Research Report), with a price target of $9.00. The company’s shares closed yesterday at $4.84.
According to TipRanks, Ihle is an analyst with an average return of -16.9% and a 25.25% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Endeavour Silver, First Majestic Silver, and Americas Gold and Silver.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Perpetua Resources with a $9.00 average price target.
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PPTA market cap is currently $302.6M and has a P/E ratio of -11.26.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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.
