Perpetua Resources price target raised to $25 from $23 at B. Riley

B. Riley raised the firm’s price target on Perpetua Resources (PPTA) to $25 from $23 and keeps a Buy rating on the shares. Perpetua announced this week that CFO Jessica Largent, who played a pivotal role in permitting and financing efforts, will retire and be succeeded by Mark Murchison, who brings over 5 years of experience in metals and mining, particularly autoclave expansion, to support the next phase of financing and development, the analyst tells investors in a research note. B. Riley sees further upside in the near-term, driven by the execution of financial assurance and commencement of initial construction, any royalty or stream announcement, the securing of antimony off-take, and, the finalization of EXIM financing, and is a buyer of the shares.