Perpetua Resources (PPTA)
Develops Idaho's Stibnite project for gold, antimony, and legacy-site restoration.
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Develops the Stibnite Gold Project in central Idaho, with planned sales of gold doré and antimony concentrate and restoration built into the mine plan. The business remains pre-revenue and concentrated in one project, where full construction depends on closing approved federal financing and meeting permit, covenant, and litigation conditions.
Develops the Stibnite Gold Project in central Idaho through mineral exploration, mine construction, and restoration of a district altered by historic mining. The approved open-pit plan targets gold doré and antimony concentrate, with silver as a by-product, while reprocessing tailings and restoring waterways and fish habitat. Early works have expanded into access-road and other critical-path infrastructure construction.
Operates as a pre-revenue, single-segment developer concentrated entirely in Stibnite. Project execution rests on detailed engineering, procurement, a final investment decision, and closing and drawing the approved U.S. EXIM loan. The mine plan and schedule remain subject to permit compliance, environmental restoration commitments, financial assurance, metal prices, and ongoing litigation over federal approvals.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 1, 2026 | Scotiabank | Initiate | Rating: — | |
| May 26, 2026 | H.C. Wainwright | Target | Target: $41 | Target: $43.50 |
| Feb 5, 2026 | H.C. Wainwright | Target | Target: $13.25 | Target: $41 |
| Oct 28, 2025 | BMO Capital | Target | Target: $41 | Target: $44 |
| Oct 23, 2025 | BMO Capital | Target | Target: — | Target: $41 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $574.2M · Total debt $3.6M · Total assets $773.5M · Shareholders' equity $719.9M
- Revenue
- $0
- Operating income
- −$106.6M
- Net income
- −$97.5M
No dividends on record.
| Institutions | 67.53% | 84.48M shares | |
|---|---|---|---|
| 270 holders · as of Jun 30, 2026 | |||
| Insiders | 0.58% | 730.0K shares | |
| 12 holders · as of Apr 2, 2026 | |||
| Strategic holders | 8.69% | 10.87M shares | |
| 1 holder · as of Oct 31, 2025 | |||
| Other | 23.20% | 29.02M shares | |
| remainder | |||
125.10M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Paulson & Co. Inc.Institution | 25.86% | 32.35M | as of Jun 30, 2026 |
Agnico Eagle Mines LimitedStrategic | 8.69% | 10.87M | filed Oct 31, 2025 |
BlackRock, Inc.Institution | 4.24% | 5.31M | as of Jun 30, 2026 |
Toroso Investments, LLCInstitution | 3.91% | 4.89M | as of Jun 30, 2026 |
JPMorgan Chase & CoInstitution | 2.35% | 2.94M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 2, 2026 | Mckinsey Margaret Lyon | officer: (See remarks (5)) | −8,699 | $29.53 |
| Apr 2, 2026 | Jonathan Cherry | director, officer: (See remarks (3)) | −4,079 | $29.31 |
| Feb 12, 2026 | Mckinsey Margaret Lyon | officer: (See remarks (7)) | −43,722 | $27.57 |
| Jan 6, 2026 | Robert Alan Dean | director | −2,400 | $27.14 |
| Jan 5, 2026 | Robert Alan Dean | director | −3,308 | $26.28 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Perpetua Resources | $24.75 | +4.52% | $2.96B | — | — | — | — |
| Nova Minerals | $6.00 | +2.65% | $100.1M | — | — | — | +140.3% |
| United States Antimony | $4.88 | −0.61% | $727.6M | — | 214.7 | 20.0 | −24.7% |
| Alaska Air Group | $42.06 | +0.38% | $4.67B | — | 43.4 | 0.3 | +9.8% |
| NovaGold Resources | $7.76 | +5.37% | $3.23B | — | — | — | — |
| Skeena Resources | $33.45 | +5.19% | $3.95B | — | — | — | — |
| Seabridge Gold | $32.58 | +5.37% | $3.33B | 162.1 | — | — | — |
| Median | 162.1 | 129.0 | 10.1 | +9.8% |