Perpetua Resources (PPTA) AI Stock Analysis

• Market Cap: $3.82B
• Dividend Yield: N/A
• Average Volume (3M): 1.99M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.43
• Revenue Growth: N/A
• EPS Growth: -128.69%
• Country: US
• Employees: 36
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): -0.24
• Shares Outstanding: 121,872,680
• 10 Day Avg. Volume: 1,874,086
• 30 Day Avg. Volume: 1,986,416
• PEG Ratio: <0.01
• Price to Book (P/B): 6.43
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -48.06
• Enterprise Value/Market Cap: 0.45
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -7.43K
• Enterprise Value/Ebitda: -39.01
• 1Y Price Target: $32.72
• Price Target Upside: 4.48% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): -0.07
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: $32.00 ▲(2.17% Upside)

The score is held back primarily by weak operating fundamentals (no revenue, ongoing losses and cash burn) despite a strong, low-leverage balance sheet. Technicals are broadly neutral, offering limited momentum support. Valuation lacks support due to negative earnings and no dividend, while corporate events are a meaningful positive as they indicate financing and tangible progress toward project execution.

Positive Factors

Strong Equity Position

A strong equity position indicates financial stability, providing a cushion against potential losses and enabling future investment opportunities.

Low Leverage

Low leverage reduces financial risk, allowing the company more flexibility in financing future projects without the burden of high interest costs.

Improvement in Net Income

Improvement in net income suggests better cost management and operational efficiencies, which are crucial for long-term profitability and growth.

Negative Factors

Lack of Revenue Generation

The absence of revenue is a major concern as it limits the company's ability to sustain operations and invest in growth, affecting long-term viability.

Negative Operating Cash Flow

Negative operating cash flow indicates that the company is not generating enough cash from its core operations, which can strain liquidity and financial health.

Reliance on Financing Activities

Dependence on external financing for cash flow can be unsustainable, leading to potential dilution of equity or increased financial obligations.

Perpetua Resources Business Overview & Revenue Model

Company Description

Perpetua 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 Money

Perpetua 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 challenges with a lack of revenue generation and persistent operational losses. Despite a strong equity position and low leverage, reliance on financing activities to cover cash flow deficits poses risks. The positive shift in net income is a highlight, but sustainable revenue growth is crucial for long-term viability.

Income Statement

Perpetua Resources has reported no revenue over the past years, limiting the ability to calculate standard income metrics like gross or net profit margins. The company has shown improvement in net income from significant losses in previous years to a positive figure in the latest report, which is promising. However, the lack of revenue remains a significant concern for overall growth and profitability.

Balance Sheet

The company's balance sheet shows a strong equity position relative to its total assets, with a consistently positive stockholders' equity, indicating financial stability. The debt-to-equity ratio is very low, reflecting low leverage and financial risk. However, the absence of revenue and ongoing operational losses could pressure future equity if not addressed.

Cash Flow

Perpetua Resources has shown negative operating cash flow, indicative of ongoing operational challenges. Despite negative free cash flow, the company has improved its liquidity position significantly through financing activities, which might not be sustainable in the long term. The cash flow from operations compared to net income highlights a challenging cash position.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-231.53K	-1.64M	-981.91K	-4.63M	-12.26M	-284.41K
EBITDA	-44.07M	-12.84M	-17.79M	-24.09M	-23.33M	-216.96M
Net Income	-44.29M	-14.48M	-18.77M	-28.71M	-35.95M	-220.63M
Balance Sheet
Total Assets	544.89M	117.61M	83.09M	99.45M	124.50M	98.13M
Cash, Cash Equivalents and Short-Term Investments	445.83M	44.10M	3.23M	22.67M	47.85M	25.04M
Total Debt	48.70K	28.29K	27.90K	70.45K	69.99K	9.83M
Total Liabilities	12.89M	8.75M	10.79M	13.61M	12.90M	40.50M
Stockholders Equity	531.99M	108.86M	72.30M	85.83M	111.60M	57.63M
Cash Flow
Free Cash Flow	-60.87M	-14.57M	-21.64M	-25.23M	-28.97M	-29.34M
Operating Cash Flow	-44.35M	-11.89M	-21.19M	-24.71M	-28.65M	-28.81M
Investing Cash Flow	-16.52M	5.67M	-449.80K	-465.84K	-3.33M	-245.51K
Financing Cash Flow	495.53M	47.15M	2.20M	0.00	54.79M	36.57M

Perpetua Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 31.32
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 31.32 is above the 20-day moving average (MA) of 27.67, above the 50-day MA of 25.60, and above the 200-day MA of 18.92, indicating a bullish trend. The MACD of 1.52 indicates Negative momentum. The RSI at 68.17 is Neutral, neither overbought nor oversold. The STOCH value of 87.40 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PPTA.

Perpetua Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BVN	71 Outperform	$6.80B	20.45	12.35%	1.45%	27.42%	20.63%
SLVM	69 Neutral	$2.06B	11.99	18.81%	3.51%	-8.92%	-32.30%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
PPTA	55 Neutral	$3.82B	-64.59	-14.54%	―	―	-128.69%
MUX	55 Neutral	$1.33B	-101.42	-2.41%	―	-16.62%	-110.79%
METC	54 Neutral	$1.38B	―	-7.40%	2.83%	-16.99%	-184.02%

Perpetua Resources Corporate Events

Perpetua Resources Signs EPCM Agreement for Stibnite Project

On December 18, 2025, Perpetua Resources Idaho, Inc. signed an engineering, procurement, and construction management services agreement with Hatch Ltd. for defined portions of the Stibnite Gold Project, covering design, engineering, procurement management, construction management, project controls, and commissioning and operational readiness support. The scope, to be finalized in February 2026, is expected to include the balance of the process plant, the pressure oxidation facility and associated on-site infrastructure and utilities, while key off-site and certain on-site elements such as power transmission, roadway construction, tailings embankment works, water treatment design, and diversion tunnel will remain directly managed by Perpetua or other contractors. Hatch will be paid on a cost-plus basis with a performance-based incentive pool, and Perpetua currently anticipates a control budget of $200–$220 million for the scoped services, though this does not represent a guaranteed maximum price and may change as engineering and construction progress. The agreement clearly delineates responsibilities—Hatch providing management, oversight and coordination but not acting as the construction contractor of record—with customary terms on safety, liability, termination for cause or convenience, and indemnities, underscoring a structured risk-sharing framework as Perpetua advances the Stibnite project into detailed execution planning.

The most recent analyst rating on (PPTA) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Perpetua Resources stock, see the PPTA Stock Forecast page.

Perpetua Resources Appoints New Senior VP Projects

Perpetua Resources Corp. announced the appointment of James Norine as Senior Vice President Projects, effective December 1, 2025. Norine, with a strong background in engineering and management from Hatch Engineering Ltd. and Ausenco Engineering USA, will oversee project development. His employment agreement includes a base salary, bonuses, and equity awards contingent on achieving operational milestones. The company also reported the resignation of Michael Wright as Vice President, Projects, who will continue as a consultant to ensure a smooth transition. Additionally, Perpetua Resources revised its executive compensation framework to align with industry practices, affecting key figures like CEO Jonathan Cherry and CFO Mark Murchison.

The most recent analyst rating on (PPTA) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on Perpetua Resources stock, see the PPTA Stock Forecast page.

Perpetua Resources Unveils Stibnite Gold Project Plans

On November 24, 2025, Perpetua Resources Corp. released an investor presentation outlining its plans for the Stibnite Gold Project. The presentation includes forward-looking statements regarding the project’s financial and operational projections, potential environmental benefits, and the company’s ability to secure necessary financing and permits. The announcement highlights the company’s strategic positioning in the mining industry and its commitment to contributing to national security and clean energy transition.

The most recent analyst rating on (PPTA) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on Perpetua Resources stock, see the PPTA Stock Forecast page.

Perpetua Resources Closes $68.4 Million Share Offering

On October 28, 2025, Perpetua Resources Corp. entered into an underwriting agreement with BMO Capital Markets Corp. to issue and sell 2,938,000 common shares at $24.25 per share. The offering, conducted under a shelf registration statement, closed on October 30, 2025, generating approximately $68.4 million in net proceeds. Concurrently, Perpetua entered a subscription agreement with Agnico Eagle Mines Limited for a private placement of 280,415 shares, expected to close on October 31, 2025, bringing in an additional $6.8 million. This strategic financial maneuver enhances Perpetua’s capital position and strengthens its market presence.

The most recent analyst rating on (PPTA) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on Perpetua Resources stock, see the PPTA Stock Forecast page.

Perpetua Resources Secures $255M for Stibnite Project

On October 28, 2025, Perpetua Resources closed a private placement deal with Agnico and JPMorgan, raising $255 million to fund the development of the Stibnite Gold Project. The company also broke ground on the project after receiving the necessary regulatory approvals and posting financial assurances. However, the project faces legal challenges from the Nez Perce Tribe and other environmental groups, which could impact its progress. Additionally, Perpetua is seeking $2 billion in financing from the Export-Import Bank of the United States to support the project’s construction and development.

The most recent analyst rating on (PPTA) stock is a Buy with a $44.00 price target. To see the full list of analyst forecasts on Perpetua Resources stock, see the PPTA Stock Forecast page.

Perpetua Resources Begins Stibnite Gold Project Construction

On October 21, 2025, Perpetua Resources Corp. announced the commencement of construction for the Stibnite Gold Project following the receipt of necessary approvals from the U.S. Forest Service and Idaho Department of Lands. The company secured a $139 million surety bond and additional financial arrangements to meet reclamation and construction phase requirements, indicating a significant step forward in the project’s development and potential impacts on stakeholders and the local economy.

The most recent analyst rating on (PPTA) stock is a Buy with a $38.00 price target. To see the full list of analyst forecasts on Perpetua Resources stock, see the PPTA Stock Forecast page.