Shares of Perpetua Resources Corp (Symbol: PPTA) recently reached $34.86, surpassing the average analyst 12-month target price of $33.58. This upward movement raises questions about potential analyst reactions, which may include downgrading on valuation or adjusting target prices higher based on fundamental developments.
Currently, six analysts contribute to the average price target for Perpetua Resources, with estimates ranging from a low of $30 to a high of $40. The standard deviation of the targets is $3.835. As of now, the analyst ratings breakdown shows five ‘Strong Buy’, one ‘Buy’, one ‘Hold’, and no ‘Sell’ or ‘Strong Sell’ ratings, resulting in an average rating of 1.43 on a scale where 1 is ‘Strong Buy’ and 5 is ‘Strong Sell’.
