RBC Capital has begun coverage of Perpetua Resources (PPTA, Financial) with an Outperform rating and has set a price target of $23. The analyst highlights that Perpetua’s Stibnite project in Idaho is not only a large-scale, high-margin gold venture but also features antimony as a byproduct, enhancing returns and supporting the funding process. The project has received all necessary permits, and financing is making progress. Construction is anticipated to start in the latter half of 2025, offering a swift payback period due to concentrated production in the early stages. Stibnite presents investors with considerable scale, strategic importance, and the potential for further exploration growth.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Perpetua Resources Corp (PPTA, Financial) is $21.17 with a high estimate of $27.50 and a low estimate of $17.00. The average target implies an upside of 33.38% from the current price of $15.87. More detailed estimate data can be found on the Perpetua Resources Corp (PPTA) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Perpetua Resources Corp's (PPTA, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
