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Perpetua Resources (PPTA)
NASDAQ:PPTA
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Perpetua Resources
(NASDAQ:PPTA)
50Neutral
Positive Factors
Domestic Supply Chain
Perpetua has announced agreements to explore antimony processing opportunities, which could strengthen a closed-loop American supply chain for antimony.
Institutional Interest
Continued interest from institutional investors is anticipated as the domestic antimony supply remains scarce while the Stibnite project becomes more de-risked.
Permitting Milestone
The United States Forest Service issued its Final Record of Decision, authorizing Perpetua's mine plan for the Stibnite Gold project, marking a major permitting milestone.
Negative Factors
Commodity and Financial Risks
Risks include commodity price risk, operating and technical risk, financial risk, and political risk.
Dilution Concerns
Recent financing has led to a slight dilution of the company's NAV as the price of the financing came in below the value per share.
Net Loss
The firm reported a larger net loss of $3.6M, or ($0.05) per share, during the quarter.
Perpetua Resources (PPTA) vs. S&P 500 (SPY)
Market Cap
$780.24M
Dividend YieldN/A
Average Volume (3M)1.14M
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue GrowthN/A
EPS Growth25.69%
CountryUS
Employees36
SectorBasic Materials
Sector Strength59
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.22
Shares Outstanding71,254,640
10 Day Avg. Volume1,294,062
30 Day Avg. Volume1,143,695
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)19.30
P/FCF Ratio20.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$19.23Price Target Upside75.62% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
Perpetua Resources Business Overview & Revenue Model
Company DescriptionPerpetua Resources Corp. engages in the mineral exploration activities in the United States. The company primarily explores for gold, silver, and antimony. Its principal asset is the 100% owned Stibnite gold project located in Valley County, Idaho. The company was formerly known as Midas Gold Corp. and changed its name to Perpetua Resources Corp. in February 2021. Perpetua Resources Corp. was incorporated in 2011 and is headquartered in Boise, Idaho.
How the Company Makes MoneyPerpetua Resources makes money primarily through the exploration, development, and future production of gold and antimony from the Stibnite Gold Project. The company's revenue model is centered around the extraction and sale of these valuable minerals. Key revenue streams will include the sale of gold, which is one of the most sought-after precious metals, and antimony, which is used in various industrial applications such as flame retardants and batteries. Perpetua Resources' earnings are influenced by global commodity prices, mining output, and operational efficiencies. Significant partnerships, regulatory approvals, and investments also play crucial roles in the company's potential profitability and financial success.
Perpetua Resources Financial Statement Overview
Summary
Perpetua Resources faces significant financial challenges with zero revenue and substantial net losses, as indicated by an Income Statement score of 15. The Balance Sheet score of 60 reflects strong equity but underutilized financial leverage. Cash Flow score of 30 highlights negative operating and free cash flows, underscoring cash burn issues without revenue inflows.Income Statement
Perpetua Resources has consistently reported zero revenue over the periods analyzed, indicating a lack of operational income generation. The company's net losses remain significant, with a TTM net income of -$14 million. EBIT and EBITDA margins are negative, further highlighting ongoing operational challenges without any evident revenue growth.15
Very Negative
Balance Sheet
The balance sheet shows a strong equity position with a high equity ratio of 86.5% in TTM, indicating financial stability. However, the company's minimal debt level results in a low debt-to-equity ratio, which is favorable for leverage but suggests underutilized financial leverage in an industry that might require significant capital investment. ROE is negative due to net losses, indicating inefficiencies in generating returns.60
Neutral
Cash Flow
Cash flow analysis reveals negative operating and free cash flows, suggesting cash burn without offsetting revenue inflows. The free cash flow growth rate is negative, and the operating cash flow to net income ratio is unfavorable, indicating challenges in covering expenses and investments from operations.30
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -974.41K | -981.91K | -61.29K | -58.92K | -284.41K | -249.30K | EBIT |
| -31.02M | 40.27K | -29.33M | 41.29M | 29.96M | 31.24M | EBITDA |
| -12.25M | -17.79M | -24.09M | -23.33M | -29.51M | -8.34M | Net Income Common Stockholders |
| -14.05M | -18.77M | -28.71M | -35.95M | -220.63M | -11.30M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 29.89M | 3.23M | 22.67M | 47.85M | 25.04M | 17.50M | Total Assets |
| 101.95M | 83.09M | 99.45M | 124.50M | 98.13M | 90.50M | Total Debt |
| 23.43M | 27.90K | 70.45K | 69.99K | 9.83M | 27.78M | Net Debt |
| -6.45M | -3.20M | -22.60M | -47.78M | -15.21M | 10.28M | Total Liabilities |
| 75.29M | 10.79M | 13.61M | 12.90M | 40.50M | 57.76M | Stockholders Equity |
| 26.66M | 72.30M | 85.83M | 111.60M | 57.63M | 32.74M |
| Cash Flow | Free Cash Flow | ||||
| -18.25M | -21.64M | -25.23M | -28.97M | -29.34M | -27.37M | Operating Cash Flow |
| -16.19M | -21.19M | -24.71M | -28.65M | -28.81M | -27.06M | Investing Cash Flow |
| 7.60M | -449.80K | -465.84K | -3.33M | -245.51K | 246.15K | Financing Cash Flow |
| 14.28M | 2.20M | 0.00 | 54.79M | 36.57M | 14.40M |
Perpetua Resources Technical Analysis
Positive
10.95
Price Trends
10.55
Positive
10.67
Positive
9.23
Positive
Market Momentum
0.34
Negative
57.49
Neutral
55.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PPTA, the sentiment is Positive. The current price of 10.95 is above the 20-day moving average (MA) of 10.02, above the 50-day MA of 10.55, and above the 200-day MA of 9.23, indicating a bullish trend. The MACD of 0.34 indicates Negative momentum. The RSI at 57.49 is Neutral, neither overbought nor oversold. The STOCH value of 55.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PPTA.
Perpetua Resources Risk Analysis
Perpetua Resources disclosed 39 risk factors in its most recent earnings report. Perpetua Resources reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Perpetua Resources Peers Comparison
Overall Rating
UnderperformOutperform
Sector (47)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $3.89B | 42.32 | 5.49% | ― | 27.30% | ― | |
67 Neutral | $3.58B | 100.18 | 1.79% | 0.70% | 29.12% | ― | |
50 Neutral | $780.24M | ― | -15.99% | ― | ― | 25.69% | |
47 Neutral | $2.66B | -3.11 | -22.17% | 3.33% | 3.66% | -28.13% | |
46 Neutral | $51.55M | ― | -57.78% | ― | -33.14% | -170.75% |
* Basic Materials Sector Average
Performance Comparison
PPTA
Perpetua Resources
10.95
6.56
149.43%
CDE
Coeur Mining
6.09
1.91
45.69%
GORO
Gold Resource
0.54
0.05
10.20%
HL
Hecla Mining Company
5.67
0.79
16.19%
NGD
New Gold
3.60
1.91
113.02%
SA
Seabridge Gold
11.76
-4.07
-25.71%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.