Roth/MKM Reiterates Buy Rating on Perpetua Resources (PPTA), PT $10

Roth/MKM analyst Mike Niehuser reiterated a Buy rating and $10.00 price target on Perpetua Resources (NASDAQ: PPTA).

The analyst comments "The spike in the price of antimony demonstrates its price insensitivity and inelastic demand. Antimony is essential for warfighting. The conflict in Ukraine has strained ammunition supplies. China, Russia, and Tajikistan control 90% of the world’s antimony. The U.S. Department of Defense has provided funding in support of PPTA’s Stibnite (antimony trisulfide) Gold Project. Permitting the project is coming into the home stretch. We believe that the project merits immediate attention and endorsement by the Administration."

For an analyst ratings summary and ratings history on Perpetua Resources click here. For more ratings news on Perpetua Resources click here.

Shares of Perpetua Resources closed at $6.41 yesterday.

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