# Perpetua Resources Corp. (PPTA)

> Source: Nexqual · https://nexqual.com/PPTA · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Perpetua Resources Corp. (PPTA), nexqual.com/PPTA" · informational, not investment advice.

**Price:** USD 17.26 (-7.90% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 18.74 · day 17.12–18.22 · 52w 16.44–37.37 · market cap $2.16B · NCM

## Key facts
- Analysts: Buy (mean 1.71 on a 1–5 scale) (7 analysts), mean target USD 36.9 (range 30–43.5).
- Total return with dividends: 1Y -26.3% vs S&P 500 +14.9%; 5Y +259.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-12, EPS estimate USD -0.49, revenue estimate $0K.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Operating income | -$41.3M | -$29.3M | -$40.3M | -$52.1M | -$128M | -$264M |
| Net income | -$36.0M | -$28.7M | -$18.8M | -$14.5M | -$100M | -$232M |
| EPS (diluted) | $0.66 | -$0.46 | -$0.30 | -$0.22 | -$1.08 | — |
| Free cash flow | -$28.7M | -$24.9M | -$21.3M | -$12.1M | -$106M | -$213M |
| Cash + short-term investments | $47.9M | $22.7M | $3.2M | $44.1M | $714M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/B 3.0x · FCF yield -9.86% · Earnings yield -10.76%

## Analysts
Consensus Buy (mean 1.71 on a 1–5 scale), 7 analysts; mean target USD 36.9 (low 30, high 43.5).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-30 | HC Wainwright & Co. | Reiterated | Buy | $43.5 |
| 2026-08-18 | HC Wainwright & Co. | Reiterated | Buy | $43.5 |
| 2026-08-03 | B. Riley Securities | Target lowered | Buy | $40 → $30 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -26.3% | +259.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -26.4% | +29.1% |
| Volatility (annualized) | 72.8% | 73.9% |
| Max drawdown | -54.6% (Mar 2026→Jul 2026) | -68.8% (Nov 2021→Oct 2022) |

## Peers (Other Precious Metals & Mining)
SIND (Sinda Ltd.) USD 11.46 -0.09% · SLSR (Solaris Resources Inc.) USD 6.58 -7.06% · MUX (McEwen Inc.) USD 14.9 -5.93% · VMET (Versamet Royalties Corporation) USD 8.14 -4.35% · ASM (Avino Silver & Gold Mines Ltd.) USD 4.77 -8.45% · TFPM (Triple Flag Precious Metals Cor) USD 29.37 -4.52%

## More
Full page: https://nexqual.com/PPTA · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in PPTA's own 10-K filed 2026-03-31 (https://www.sec.gov/Archives/edgar/data/1526243/000110465926037403/ppta-20251231x10k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Hatch | "In addition to our reliance on Hatch as EPCM, we depend on a range of third-party contractors and service providers for critical aspects of our operations, including drilling, blasting, transportation, logistics, mainten…" |

## Company outlook (8-K filed 2026-02-23)

- "The material scientific and technical information in respect of the Stibnite Gold Project in this presentation, unless otherwise indicated, is based upon information contained in the technical report titled "Stibnite Gold Project, Feasibility Study Technical Report, Valley County, Idaho" dated effective December 22, 2020, and issued January 27, 2021 (the "FS" or "2020 Feasibility Study")."
- "The 2020 Feasibility Study was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101")."
- "NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects."
- "The Company has issued a Technical Report Summary (the "TRS"), dated as of December 31, 2021, and amended as of June 6, 2022, developed for the Stibnite Gold Project in accordance with the mining property disclosure rules specified in Subpart 1300 promulgated by the SEC."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.49 | $-0.28 | +78.2% | $0 | 1 |
| Next quarter (ends 2026-12-31) | $-0.41 | $-0.18 | +121.6% | $0 | 1 |
| Current fiscal year (ends 2026-12-31) | $-1.20 | $-0.07 | +1664.7% | $0 | 3 |
| Next fiscal year (ends 2027-12-31) | $-0.10 | $-0.22 | -54.5% | $0 | 2 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-12): ±16.0%; last 1 reports averaged ±4.7%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 70.1% | ±16.0% |
| 2026-12-18 | 56 | 66.0% | ±21.1% |
| 2027-01-15 | 84 | 65.7% | ±25.6% |
| 2027-03-19 | 147 | 65.4% | ±33.6% |
| 2027-05-21 | 210 | 67.8% | ±41.4% |
| 2027-06-17 | 237 | 64.4% | ±41.6% |
| 2027-08-20 | 301 | 65.4% | ±47.4% |
| 2027-11-19 | 392 | 68.4% | ±56.1% |