Roth Capital raised the firm’s price target on Perpetua Resources (PPTA) to $21 from $9 and keeps a Buy rating on the shares. The firm cites the company having received its conditional Notice to Proceed from the U.S. Forest Service for the Stibnite Gold Project, noting Perpetua hould soon complete a royalty or stream arrangement sufficient to post financial assurance bonding, the analyst tells investors in a research note. Having completed over six years of permitting, the company’s Stibnite Gold Project has benefited from rising gold and antimony prices and is recognized by state and federal governments as important for creating employment opportunities, restoring fish habitat, and national defense, the firm added.
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Read More on PPTA:
- Perpetua Resources Receives Notice to Proceed for Stibnite
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- Perpetua Stibnite Gold Project gets notice to proceed from Forest Services
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