Perpetua Resources Corp.
- Open
- 20.66
- Day high
- 21.89
- Day low
- 20.66
- Prev close
- 20.76
- Volume
- 421K
- Mkt cap
- $2.7B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 3.3
- P/S
- —
- Yield
- —
- Per share
- —
Perpetua Resources Corp. (PPTA) is a Basic Materials company listed on NASDAQ. The stock is up 74% over the past year.
Perpetua Resources Corp. (PPTA) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PPTA earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 11, 2026 | $-0.18 | $-0.39 | -112.7% | — | — |
| Mar 31, 2026 | $-0.01 | $-0.61 | -6000.0% | $3M | — |
| Nov 14, 2025 | $-0.01 | $-0.24 | -2300.0% | $8M | — |
| Aug 13, 2025 | $-0.14 | $-0.08 | +42.9% | — | — |
| May 9, 2025 | $-0.05 | $-0.12 | -140.0% | — | — |
| Mar 19, 2025 | $-0.09 | $-0.06 | +33.3% | — | — |
| Aug 9, 2024 | $-0.08 | $-0.06 | +25.0% | — | — |
| May 10, 2024 | $-0.04 | $-0.05 | -25.0% | — | — |
| Nov 9, 2023 | $-0.20 | $-0.04 | +80.0% | — | — |
| Aug 14, 2023 | $-0.20 | $-0.12 | +40.0% | — | — |
| May 12, 2023 | $-0.08 | $-0.07 | +12.5% | — | — |
| Mar 16, 2023 | $-0.08 | $-0.17 | -112.5% | — | — |
PPTA insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 26, 2026 | Sternhell Alexander McLeoddirector | Grant | 828 | — |
| Jun 26, 2026 | Dean Robert Alandirector | Grant | 1,006 | — |
| Jun 26, 2026 | Haddock Richie Darrindirector | Grant | 828 | — |
| Jun 26, 2026 | Malmen Jeffrey Ldirector | Grant | 828 | — |
| Jun 26, 2026 | Cole Andrew Phillipdirector | Grant | 828 | — |
| Apr 2, 2026 | Lyon Mckinsey Margaretofficer: (See remarks (5)) | Sell | 6,123 | $29.62 |
| Apr 2, 2026 | Cherry Jonathandirector, officer: (See remarks (3)) | Sell | 4,079 | $29.31 |
| Apr 2, 2026 | Lyon Mckinsey Margaretofficer: (See remarks (5)) | Sell | 2,576 | $29.31 |
| Mar 27, 2026 | Dean Robert Alandirector | Grant | 843 | — |
| Mar 27, 2026 | Haddock Richie Darrindirector | Grant | 694 | — |
| Mar 27, 2026 | Cole Andrew Phillipdirector | Grant | 694 | — |
| Mar 27, 2026 | Sternhell Alexander McLeoddirector | Grant | 694 | — |
| Mar 27, 2026 | Malmen Jeffrey Ldirector | Grant | 694 | — |
| Mar 18, 2026 | Fontaine Gregory Aofficer: (See remarks (3)) | Grant | 8,197 | — |
| Feb 24, 2026 | Cherry Jonathandirector, officer: (See remarks (3)) | Option | 12,725 | — |
Source: PPTA SEC Form 4 filings, latest Jun 26, 2026. For informational purposes only — not investment advice.
See the full PPTA insider & 13F page →Perpetua Resources Corp. company profile
Overview
Perpetua Resources Corp. (NASDAQ:PPTA) is a mineral exploration and development company focused on advancing precious metals and critical minerals projects in the United States. Originally incorporated in 2011 as Midas Gold Corp., the company rebranded to Perpetua Resources in February 2021 and went public through a listing on NASDAQ in February 2021. The company is headquartered in Boise, Idaho, and operates as a pre-revenue development-stage mining company with its flagship asset being the Stibnite Gold Project in central Idaho.
Business
Perpetua Resources operates in the mining sector, specifically focusing on the exploration and development of precious metals and critical minerals. The company's primary business revolves around the development of the Stibnite Gold Project, a large-scale mining operation located in Valley County, Idaho, which the company owns 100%. The Stibnite Gold Project is designed to extract three key minerals: gold, silver, and antimony. Gold and silver are precious metals used in jewelry, electronics, and as store-of-value investments. Antimony is a critical mineral with strategic importance, primarily used in flame retardants, batteries, and military applications. The U.S. currently imports nearly all of its antimony needs, making domestic production strategically valuable for national security purposes. Mining operations involve extracting ore from underground or open-pit mines, processing the raw material through crushing, grinding, and chemical separation processes to concentrate the valuable minerals, and then refining these concentrates into sellable metal products. The Stibnite project represents a significant undertaking that would restore a historically productive mining area while implementing modern environmental standards and restoration practices. As a single-asset company, Perpetua Resources derives 100% of its focus and future revenue potential from the Stibnite Gold Project, making it a concentrated bet on this specific mining operation's success.
Revenue model
Perpetua Resources currently generates no revenue as it remains in the pre-production development phase. Once operational, the company's business model will center on product sales of extracted and processed metals to commodity markets and industrial customers. The revenue model will involve selling gold and silver to precious metals dealers, refineries, and commodity exchanges at prevailing market prices. Antimony, being a critical mineral with limited global supply, will likely be sold to specialized industrial customers including battery manufacturers, flame retardant producers, and potentially government stockpiles given its strategic importance. Several factors will significantly impact the company's future profitability margins. Commodity price volatility represents the primary revenue driver, as gold, silver, and antimony prices fluctuate based on global economic conditions, inflation expectations, and supply-demand dynamics. Operational costs including energy prices, labor costs, and equipment expenses will directly affect margins. Regulatory compliance costs for environmental and safety standards can be substantial in modern mining operations. Processing efficiency and ore grade quality will determine how much sellable product can be extracted per ton of ore processed. The company's margin profile will also depend on its ability to achieve economies of scale once production reaches full capacity, as fixed costs can be spread across larger production volumes. Currency fluctuations may impact costs and revenues differently, and competition from other global mining operations could influence commodity pricing power.
Competitive moat
Perpetua Resources possesses a moderate but geographically concentrated moat based primarily on its ownership of a large, permitted mining asset in a mining-friendly jurisdiction. The company's competitive advantages include its 100% ownership of the Stibnite Gold Project, which provides control over a significant mineral resource without partnership complications or royalty obligations to other mining companies. The project's location in Idaho offers several advantages: political stability, established mining regulations, existing infrastructure, and proximity to processing facilities and transportation networks. The combination of three valuable minerals (gold, silver, and antimony) in a single operation provides some revenue diversification and operational efficiency compared to single-metal mines. However, the moat is not particularly strong due to several vulnerabilities. Commodity price dependency means the company has limited pricing power and remains subject to global market forces beyond its control. High capital intensity and long development timelines create significant execution risk and financial exposure. Environmental and regulatory risks could delay or halt operations, particularly given increasing scrutiny of mining operations. Competition comes from established global mining companies with diversified operations, better access to capital, and operational expertise. Large mining conglomerates could potentially acquire similar assets or develop competing projects. Additionally, recycling technologies and alternative materials could reduce demand for newly mined metals over time, though this threat is more long-term in nature.
Risks & safety
Perpetua Resources exhibits moderate financial safety with strong liquidity but ongoing cash burn concerns. • Liquidity position: $19.1 million in cash and short-term investments as of Q1 2025, down from $44.1 million in Q4 2024 • Cash burn rate: Negative operating cash flow of $25.6 million in Q1 2025, indicating accelerated spending • Debt levels: Minimal debt with debt-to-equity ratio of 0.0001, indicating virtually no financial leverage • Current ratio: Extremely strong at 1,671x, showing excellent short-term liquidity coverage • Solvency risk: Moderate concern given current burn rate could deplete cash within 1-2 quarters without additional funding Valuation considerations: • Price-to-book ratio of 7.36x suggests premium valuation relative to book value • No meaningful revenue or earnings metrics available due to pre-production status • Enterprise value based primarily on future production potential rather than current cash flows
Recent development
Based on the available financial data, Perpetua Resources has been progressing through the development phase of the Stibnite Gold Project with several key trends evident over recent periods. The company has maintained its focus on advancing the project toward production, though specific strategic developments are limited in the available information. Financial positioning changes show the company strengthened its balance sheet significantly in late 2024, with cash and short-term investments increasing from $1.9 million in Q2 2024 to $44.1 million by Q4 2024, likely through equity financing or other capital raising activities. However, this cash position declined to $19.1 million by Q1 2025, indicating accelerated project spending. Operational cash flow patterns reveal increasing expenditures, with operating cash flow becoming more negative in Q1 2025 (-$25.6 million) compared to previous quarters, suggesting the company has entered a more intensive development phase requiring higher capital deployment. The company's asset base has grown from $78.3 million in Q2 2024 to $111.5 million in Q1 2025, indicating continued investment in project development and infrastructure. This growth in total assets alongside the cash burn pattern suggests active development work on the Stibnite project infrastructure and preparation for eventual production.
PPTA company profile · for informational purposes only — not investment advice.
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