Perpetua Resources price target raised to $19 from $15 at Roth MKM

Roth MKM raised the firm’s price target on Perpetua Resources (PPTA) to $19 from $15 and keeps a Buy rating on the shares after the U.S. Forest Service published a Final Record of Decision authorizing Perpetua’s mine plan for its Stibnite Gold Project in Idaho. The Final Record of Decision is the “keystone authorization” to commence construction, says the firm, which expresses a “high degree of confidence” that the remaining permits will follow in a “timely manner.”