H.C. Wainwright has revised its price target for Perpetua Resources (PPTA, Financial), lowering it from $28 to $27.50. Despite this adjustment, the firm maintains a Buy rating on the stock following the company's first-quarter financial report. The reduction in the target price is attributed to minor dilution and a decrease in Perpetua's cash and cash equivalent balance. Investors are encouraged to consider the stock's potential as the company navigates these financial changes.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Perpetua Resources Corp (PPTA, Financial) is $16.08 with a high estimate of $19.00 and a low estimate of $13.25. The average target implies an upside of 37.00% from the current price of $11.74. More detailed estimate data can be found on the Perpetua Resources Corp (PPTA) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Perpetua Resources Corp's (PPTA, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
