Perpetua Resources initiated with an Outperform at RBC Capital

RBC Capital initiated coverage of Perpetua Resources (PPTA) with an Outperform rating and $23 price target Perpetua’s Stibnite is a large-scale, high-margin gold project in Idaho features an antimony byproduct that boosts returns and underpins funding efforts, and the project is fully permitted, financing is advancing, while construction could start in the second half of 2025 with a short payback at spot on front-loaded production, the analyst tells investors in a research note. Stibnite offers potential scale, strategic relevance, and exploration upside for investors, the firm says.