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Perpetua Resources Corp.NasdaqCM:PPTA Stock Report

Market Cap US$2.4b
Share Price
n/a
1Y32.0%
7D-8.9%
1D-1.8%
Portfolio Value
​
View

Perpetua Resources Corp.

NasdaqCM:PPTA Stock Report

Market Cap: US$2.4b

Perpetua Resources (PPTA) Stock Overview

A development-stage company, engages in the acquisition of mining properties in the United States. More details

PPTA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

Rewards

Analysts in good agreement that stock price will rise by 83.6%

Risk Analysis

Has less than 1 year of cash runway

Makes less than USD$1m in revenue ($0)

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year


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Perpetua Resources Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Perpetua Resources
Historical stock prices
Current Share PriceCA$19.44
52 Week HighCA$37.37
52 Week LowCA$14.08
Beta0.69
1 Month Change-19.30%
3 Month Change-36.70%
1 Year Change31.98%
3 Year Change434.07%
5 Year Change196.34%
Change since IPO-40.53%

Recent News & Updates

Recent updates

Seeking Alpha • Jan 29

Perpetua Resources: Risk Likely Priced In

Summary Perpetua Resources Corp. (PPTA) offers a high-quality gold and antimony asset, with Stibnite Gold Project boasting low AISC and strategic U.S. supply significance. PPTA trades at a premium (0.6x-0.7x P/NAV) to non-gold mining companies in early stage, reflecting bullish sentiment on asset value that is common to most US/Canada gold miners right now. This premium doesn't reflect the unique advantages that only PPTA has such as antimony and low AISC. This discount accounts for execution and litigation risk. Investors willing to bet on a favourable litigation outcome can see a 20% upside. Risk-averse investors should wait for final closure of EXIM funding and lawsuit clarity in Spring 2026. Read the full article on Seeking Alpha
Seeking Alpha • Jan 13

Perpetua Resources: Still Sideways For Shares Despite Antimony Key (Rating Downgrade)

Summary Perpetua Resources Corp. receives a "Hold" rating compared to a previous "Buy" rating. The company's gold production in Idaho and positive gold price outlook contribute to its growth prospects. Demand for silver and antimony is expected to increase, benefiting Perpetua Resources' mining project. Read the full article on Seeking Alpha
Seeking Alpha • Sep 20

Perpetua Resources secures DOD funding to study antimony from Stibnite Gold Project

Perpetua Resources (NASDAQ:PPTA) has been awarded two funding grants from the U.S. Department of Defense, Defense Logistics Agency to study the domestic production of military-grade antimony trisulfide, an essential component in ammunition and dozens of other defense materials. Perpetua will receive $200K in total and grants will be used to evaluate if antimony samples from the Stibnite Gold Project can meet military specifications for U.S. ammunition supply chain. The global conflict and fractured supply chains have strained U.S. ammunition supplies. The Stibnite Gold Project is expected to be the only mined source of the critical mineral antimony in the United States. Each study is expected to be completed within the next six to 12 months.
Seeking Alpha • Aug 11

Perpetua: Largest Independent Gold Project In The Country And Undervalued

The Corporation’s principal mineral project is the Stibnite Gold Project, which contains several gold, silver, and antimony mineral deposits. If management is right, we would be talking about a gold project with a net present value of more than $1.2 billion. The fact that Paulson & Co. owns a massive investment in the stock is reassuring. Under my own figures, the market capitalization represents close to 10%-30% of the valuation of the mine. Perpetua Resources (PPTA) expects to run the largest independent gold project in the country. Well-known investors have already taken positions in the stock. I made my own valuation assessment with production of more than 297 koz per year and price of gold of $1850/oz. My results indicate that the stock is significantly undervalued. PPTA also believes that the company should be worth much more in the market. In my view, as new information about the publication of the SDEIS report is delivered in 2022, the stock price may trend higher. Perpetua Resources: Recent News And More Awareness Could Drive The Stock Price Up The Corporation’s principal mineral project is the Stibnite Gold Project, which contains several gold, silver, and antimony mineral deposits. Management noted that its mine is poised to be one of the largest gold mines in the United States. Company’s Presentation Perpetua intends to explore other deposits known as the Hangar Flats deposit, West End deposit, and Yellow Pine deposit. It means that the company is worth much more than simply the production estimates from the Stibnite mine. With that, the amount of proven reserves in these deposits is not known, so I will try to remain very conservative in my estimates. I am assessing the valuation of only the Stibnite mine. The Corporation’s current focus is to explore, evaluate and potentially redevelop three of the deposits known as the Hangar Flats Deposit, West End Deposit and Yellow Pine Deposit, all of which are located within the Stibnite Gold Project as well as reprocess certain historical tailings located on the Project. These development activities would be undertaken in conjunction with a major restoration program designed to address impacts related to historical activities in the Project area. Source: 10-K Perpetua has already claimed many times that its stock is quite undervalued as compared to other mining companies. The percentage of antimony in the company’s mines could represent valuable assets as a by-product to power batteries for energy storage. Management believes that these value drivers have not been incorporated in the current market price. Company's Presentation I believe that the company’s stock price will reach more logical levels once more news hits the market. In this regard, I think that the number of news recently has accelerated. In June, management noted that it had received the Clean Air Act Permit to Construct for the Stibnite gold project. Besides, the company delivered an interview By Dr. Allen Alper, PhD Economic Geology and Petrology from Columbia University, in which several large investors were mentioned. In my view, more news will likely lead to more awareness, which could increase market liquidity, and drive the stock price up. Perpetua Resources announced today it has received the Clean Air Act Permit to Construct for the Stibnite gold project from the Idaho Department of Environmental Quality on June 17, 2022. Source: KITCO: Perpetua reaches first permitting milestone at its Stibnite gold project in Idaho As I mentioned, Paulson & Co. owns about 39.3% of our stock. Sun Valley Gold owns about 8.2%, followed by B. Riley at 4.3%. And we recently announced that value-oriented investor, Kopernik became a new shareholder. Overall, we have issued outstanding shares of about 63 million shares. Source: Metals News - McKinsey Lyon I Expect Regulatory Response In Q3 2022 To Move The Share Price In the last annual report, management noted that the publication of the SDEIS for public review is expected by the third quarter of 2022. In my view, as this information is received by investors, the amount of liquidity in the market will likely increase. As a result, I think that the stock price will likely go to reasonable marks. On February 22, 2022, Perpetua Resources announced that it expects a preliminary SDEIS to be circulated for cooperating agency review in the second quarter of 2022. The publication of the SDEIS for public review and comment is expected in early third quarter 2022. The USFS is expected to provide a formal schedule later this year regarding the remaining steps in the NEPA review process. Source: 10-K Management continues to invest a large amount of dollars in exploration, permitting, and drilling support. Hence, I believe that we will likely obtain more information about the proven mineral reserves in the Stibnite mine and the other areas in the near future. More information will likely increase the demand for the stock. 10-K My Valuation Of Stibnite Gold Project And That Of Management My valuation of the Stibnite Gold Project is a bit more conservative than that of management. However, my numbers are not that far from what management calculated. I included production of 463 koz per year from 2023 until 2026 and 297 koz from 2027 to 2037. If we use a price of $1850/oz of gold and a free cash flow margin around 19%, the free cash flow ranges from $163 million to 104 million. With a discount of 5%, the net present value of the mine stands at close to $1.29 billion. My DCF Model Notice that the sum of ounces produced in my valuation is equal to 5119 koz. In the last annual report, management included a total indicated amount of 6320 koz. Besides, note that I did not take into account the antimony grade, which would most likely make the mine even more valuable.

Shareholder Returns

PPTAUS Metals and MiningUS Market
7D-8.9%-0.6%0.7%
1Y32.0%49.5%20.6%

Return vs Industry: PPTA underperformed the US Metals and Mining industry which returned 49.5% over the past year.

Return vs Market: PPTA exceeded the US Market which returned 20.6% over the past year.

Price Volatility

Is PPTA's price volatile compared to industry and market?
PPTA volatility
PPTA Average Weekly Movement10.4%
Metals and Mining Industry Average Movement9.4%
Market Average Movement7.3%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: PPTA has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: PPTA's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200948Jon Cherrywww.perpetuaresources.com

Perpetua Resources Corp., a development-stage company, engages in the acquisition of mining properties in the United States. The company explores gold, silver, and antimony deposits. Its principal mineral project is the 100% owned Stibnite Gold project, which includes 1,674 unpatented lode claims, mill sites, and patented land holdings covering an area of approximately 11,526 hectares located in Valley County, Idaho.

Perpetua Resources Corp. Fundamentals Summary

How do Perpetua Resources's earnings and revenue compare to its market cap?
PPTA fundamental statistics
Market capUS$2.43b
Earnings (TTM)-US$140.81m
Revenue (TTM)n/a
0.0x
P/S Ratio
-17.3x
P/E Ratio

Is PPTA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PPTA income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$140.81m
Earnings-US$140.81m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-1.13
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did PPTA perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/12 02:56
End of Day Share Price 2026/07/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Perpetua Resources Corp. is covered by 17 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullACF Equity Research Limited
Brian QuastBMO Capital Markets Equity Research
Nicholas GilesB. Riley Securities, Inc.