Perpetua Resources Corp. (NASDAQ: PPTA) is among the 10 Best Precious Metal Stocks to Buy after the U.S. Venezuela Mission. The company’s shares have surged over 107% in the last six months, with analysts giving a consensus Buy rating and a median price target of $32, indicating an 8.77% upside potential.
RBC Capital raised its price target on Perpetua Resources Corp. (NASDAQ: PPTA) from $28 to $40, citing the Stibnite project in Idaho as a significant opportunity for the company. The project is expected to be a large-scale, high-margin gold operation with an important antimony byproduct, boosting returns and funding efforts.
Perpetua Resources Corp. (NASDAQ: PPTA) recently hired Hatch Ltd. as the EPCM contractor for the Stibnite Gold project, with Hatch also investing $4 million in the company. The Private Placement includes 138,696 common shares at $28.24 per share, showing confidence in the project’s potential and the company’s strategic vision.
Read more at Yahoo Finance: Why Are Analysts Positive on Perpetua Resources Corp. (NASDAQ:PPTA)?
