BMO Capital raised the firm’s price target on Perpetua Resources (PPTA) to $44 from $41 and keeps an Outperform rating on the shares. The firm cites the $255M investment in the company announced by Agnico Eagle (AEM) and JPMorganChase (JPM). As risk mitigation for the Stibnite build, investors should also view the joint technical and exploration advisory committee positively, as it will provide Perpetua with access to Agnico Eagle’s world-class project expertise, performance, and values, the analyst tells investors in a research note.
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