Core Viewpoint - The sustainability of a trend is crucial for successful short-term investing, and confirming the fundamentals behind a stock's momentum is essential for profitability [1][2]. Group 1: Stock Performance - Perpetua Resources Corp. (PPTA) has shown a solid price increase of 20% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 6.8% over the last four weeks, suggesting that the upward trend is still intact [5]. - Currently, PPTA is trading at 90.7% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - PPTA holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like PPTA that are on an uptrend supported by strong fundamentals [3]. - There are additional stocks that meet the criteria of the "Recent Price Strength" screen, providing further investment opportunities [8].

Core Viewpoint - Perpetua Resources Corp. (PPTA) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Revisions - The Zacks rating system is based on the Zacks Consensus Estimate, which reflects EPS estimates from sell-side analysts for the current and following years [2]. - For the fiscal year ending December 2024, Perpetua Resources is expected to earn -$0.21 per share, representing a 30% change from the previous year's reported number [9]. - Over the past three months, the Zacks Consensus Estimate for Perpetua Resources has increased by 25%, indicating a positive trend in earnings estimates [9]. Impact of Institutional Investors - Changes in a company's future earnings potential, as shown through earnings estimate revisions, are strongly correlated with near-term stock price movements [5]. - Institutional investors utilize earnings estimates to calculate the fair value of a company's shares, leading to buying or selling actions that affect stock prices [5]. Zacks Rating System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [8]. - The upgrade of Perpetua Resources to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting potential for higher stock movement in the near term [11].

The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Perpetua Resources Corp. (PPTA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.Perpetua Resources Corp. is a member of our Basic Materia ...

U.S. Forest Service issues final Record of Decision for Stibnite Gold Project. Project includes the only domestic reserve of antimony, essential for national defense, energy, and technology sectors. The redevelopment of the abandoned mine site is expected to provide environmental, economic, and national security benefits. BOISE, Idaho, Jan. 6, 2025 /PRNewswire/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or "Perpetua" or the "Company") today announced that the United States F ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.Our " ...

Perpetua Resources Corp. (PPTA) closed the last trading session at $9.88, gaining 2.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $17 indicates a 72.1% upside potential.The average comprises four short-term price targets ranging from a low of $15 to a high of $22, with a standard deviation of $3.37. While the lowest estimate indicates an increase of 51.8% from the current pric ...

Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Perpetua Resources Corp. (PPTA) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.Perpetua Resources Corp. is a member of our Basic Materials group, which includes 235 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Secto ...

BOISE, Idaho, Nov. 18, 2024 /PRNewswire/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or the "Company") today announced the pricing of its previously announced public offering of 3,439,465 shares of its common stock (the "Common Shares") in the United States ( the "Offering") at a price to the public of US$10.17.The gross proceeds to Perpetua Resources from the Offering, before deducting commissions and expenses and other Offering expenses, will be approximately $35 million, o ...

BOISE, Idaho, Nov. 18, 2024 /PRNewswire/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or the "Company") today announced the launch of a public offering of 3,439,465 shares of its common stock (the "Common Shares") in the United States ( the "Offering").The Company expects to use the net proceeds of the Offering for down payments on long lead time materials, detailed engineering for its Stibnite Gold Project, and general corporate purposes.The Common Shares will be offered by t ...

BOISE, Idaho, Nov. 14, 2024 /PRNewswire/ - Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or "Perpetua" or the "Company") announced today that its unaudited condensed consolidated financial results for the period ended September 30, 2024 were filed. For details, please see the Company's filings available on EDGAR and SEDAR.Perpetua Resources' vision is to provide the U.S. with a domestic source of the critical mineral antimony, develop one of the largest and highest-grade open pit ...