Perpetua Resources Corp (PPTA) Fair Value & Analysis
Basic Materials · US · Market cap $2.3B
Perpetua Resources Corp
PPTA · US
Fair value as of: Jul 17, 2026
From 1 valuation models · updated 23 days ago
Share price +29.4% over the past month.
Below-average quality, and screening another 79% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case ($6.45). The favourable scenario is already priced in.
- Weak quality (26/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- A fairly wide model range ($3.41 to $6.45) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.
How to read this chart
60‑month range $1.70 – $37.22 · fair‑value band $3.41 – $6.45 · the $24.72 price screens above the $5.16 fair value. Dashed = 300-day average. As of Jul 17, 2026.
Analysis
Perpetua Resources Corp (PPTA) currently trades at $24.72, while our model-based Fair Value estimate is $5.16, implying the stock looks roughly 79.1% overvalued today. The Quality Score stands at 26/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
It earns a return on equity of -30.7%. The balance sheet holds a net cash position of $773M. Fundamentals as of Jul 17, 2026
Our scenario range runs from $3.41 (bear case) to $6.45 (bull case); at $24.72, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 34% below its 52-week high and 112% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -28% fair-value upside, at -79%, PPTA screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 1 models by family
Key figures & financial health
Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 35 · Market factors (momentum, volatility) 47
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Perpetua Resources Corp., a development-stage company, engages in the acquisition of mining properties in the United States. The company explores gold, silver, and antimony deposits.
Full company description
Perpetua Resources Corp., a development-stage company, engages in the acquisition of mining properties in the United States. The company explores gold, silver, and antimony deposits. Its principal mineral project is the 100% owned Stibnite Gold project, which includes 1,674 unpatented lode claims, mill sites, and patented land holdings covering an area of approximately 11,526 hectares 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 founded in 2009 and is headquartered in Boise, Idaho.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Perpetua Resources Corp reported revenue of $0 in FY2025 versus $0 in FY2021. Reported net income was −$100M in FY2025.
PPTA screens 79% overvalued. Compare with Fresnillo plc →
Peer Group
Other Precious Metals & Mining · 102 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Other Precious Metals & Mining median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 44/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Fresnillo plc FRES | 579.75 MXN | 558.30 MXN | -4% |
| Hecla Mining Company HL | $14.52 | $8.15 | -44% |
| Compañía de Minas Buenaventura S.A. BVN | $29.82 | $29.96 | +0% |
| Sibanye Stillwater Limited SBSW | $8.12 | $9.90 | +22% |
| China Gold International Resources Corp CGG | C$24.78 | C$18.48 | -25% |
| Artemis Gold Inc ARTG | C$32.98 | C$21.86 | -34% |
| Triple Flag Precious Metals Corp TFPM | $28.10 | $16.03 | -43% |
| Sino-Platinum Metals Co 600459 | ¥21.01 | ¥13.23 | -37% |
| Zhaojin International Gold Co 000506 | ¥13.15 | ¥2.84 | -78% |
| Al Masane Al Kobra Mining Company 1322 | 74.05 SAR | 53.08 SAR | -28% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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