BMO Capital analyst Brian Quast raised the firm’s price target on Perpetua Resources (PPTA) to $41 from $38 and keeps an Outperform rating on the shares. The company announced that it broke ground on early works construction for the Stibnite project, and in the near term, Perpetua remains catalyst-rich, with a majority of these catalysts pertaining to non-dilutive financing, the analyst tells investors in a research note. These catalysts will continue to provide investors with additional upside despite the company trading at a premium to peers, the firm added.
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