Perpetua Resources price target raised to $30 from $21 at Roth Capital

Roth Capital raised the firm’s price target on Perpetua Resources (PPTA) to $30 from $21 and keeps a Buy rating on the shares. The firm views the company’s Stibnite Gold Project as “substantially derisked.” Perpetua has achieved its primary objectives and is benefitting from a rising gold price, the analyst tells investors in a research note. Roth believes the Stibnite Gold Project is “highly prospective for expansion.”