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.
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