Macro data on manufacturing PMI supports a positive "ppta stock price forecast", as rising production orders favor polymer segment profitability. Traders may closely watch earnings guidance adjustments in the upcoming investor call. While Perpetua Resources is showing a solid reduction in its cash burn, it's still worth considering how easily it could raise more cash, even just to fuel faster growth. Companies can raise capital through either debt or equity. One of the main advantages held by publicly listed companies is that they can sell shares to investors to raise cash and fund growth. By looking at a company's cash burn relative to its market capitalisation, we gain insight on how much shareholders would be diluted if the company needed to raise enough cash to cover another year's cash burn. For this article, we searched multiple credible websites to compile a large list of US-listed precious metals stocks. Next, we manually searched for the average upside potential of each stock and selected 13 stocks with the highest values. The list below is ranked in ascending order of the upside potential as of April 16. We have also mentioned the hedge fund sentiment as per Insider Monkey’s database of Q4 2024. Market watchers point out that "ppta stock price forecast" for mid-2024 aligns with improving EPS estimates, supported by strong demand in industrial polymers. Technical trends show a 50-day moving average crossing above the 200-day, a bullish signal backed by institutional portfolio additions.
