Stock Track | Perpetua Resources Soars Over 5% in Pre-Market on Q3 Earnings Beat

Stock Track11-15 22:36

Perpetua Resources Corp. (PPTA) saw its stock soar over 5% in pre-market trading on Friday, driven by the company's impressive third-quarter earnings results that surpassed analyst expectations.

The gold mining company reported adjusted earnings of $0.23 per share for the quarter ended September 30, a remarkable turnaround from the $0.15 per share loss in the same period last year. This performance significantly exceeded the consensus analyst estimate of a $0.10 per share loss.

Perpetua's strong quarterly results have bolstered investor confidence, with analysts maintaining a bullish outlook on the stock. The current average rating on the shares is a "buy," with 4 analysts issuing a "strong buy" or "buy" recommendation. The median 12-month price target for the stock stands at $14.38, implying substantial upside potential.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment