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← CockpitCompetitor Analysis › PPTA Perpetua Resources Corp.Open in the cockpit ↗

Perpetua Resources Corp.PPTACompetitor analysis, valuation and peers

United States · USD·Materials›Precious Metals

Developing the Stibnite gold-antimony project in Idaho, a rare US source of the critical mineral antimony.

Momentum weak 21
Mkt cap
$2.44B
US dollars, full cap
Free float
93%
of shares outstanding
$/day
$27.6M
20-day average traded
P/B
3.39×
price to book
ROE
-37.8%
delivered
Implied ROE
14.4%
what the price asks
Next earnings
10 days
16 Nov 2026
Close · USD$19.53
1D+16.6%
1W+17.3%
1M-2.9%
3M-21.5%
6M-34.8%
YTD-19.3%
1Y-8.8%
ATR %7.1%
Beta2.70
52w lowhigh47.7% off high

What Perpetua Resources does

Developing the Stibnite gold-antimony project in Idaho, a rare US source of the critical mineral antimony.

Has no mine in production, so it is funded by money raised from investors and by US government support for the project, not by sales. If Stibnite is built, antimony would go to defense and industrial buyers and gold to refiners. Its plan includes cleaning up damage from earlier mining at the site.

Products and services

  • Stibnite Gold Project (gold + antimony)

Customers

  • US defense/critical-minerals supply chain (antimon

Where it sits in the supply chain

  • Mining development
  • Gold/antimony (critical mineral)…
  • US permitting and construction

What could go right

  • US critical-minerals policy support/funding
  • Higher gold and antimony prices

What could go wrong

  • Permitting/environmental litigation delay risk
  • Pre-production capital and construction risk

Moat: narrow (regulatory licence, scale). One of few US sources of antimony, a critical mineral, backed by federal permitting/funding support.

Headquarters: Boise, Idaho, US · Founded: 2011 · Employees: 47

Named competitors

Perpetua Resources at a glance

Size Perpetua Resources (PPTA) is a United States Materials company (Precious Metals) with a market value of $2.44B, the 1669th largest of 3,117 United States companies the cockpit tracks. Shares closed at $19.53 on 6 Nov 2026.

Performance Over six months the shares fell 34.8%, against -14.2% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 19 in its peer set.

Valuation It trades at 3.39× book value against a peer median of 3.47× (11th cheapest of 21).

Price implies The share price implies a return on equity of about 14.4%; Perpetua Resources delivers -37.8%, so the price asks more than the business earns today.

Next results Next results expected around 16 Nov 2026 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 85PPTA 62
Six months, rebased to 100: Perpetua Resources against the median of its 20 peers (local-currency closes).

Perpetua Resources financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$0$0$0$0$0
Revenue growth—————
Gross profit-$402,810-$168,000-$1.64M-$981,914-$4.63M
EBITDA-$264M-$128M-$50.5M-$34.3M-$24.7M
Net income-$232M-$100M-$14.5M-$18.8M-$28.7M
Free cash flow-$225M-$118M-$14.6M-$21.6M-$25.2M
Capital expenditure$45.2M$13.9M$2.68M$449,802$515,015
Total debt$3.65M$244,000$28,288$27,897$70,449

Quarterly statements and history in the cockpit →

Perpetua Resources competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+50%-10%0%+10%002237001337EDRWAFNGSEAFVI600459WDO3330DRDMSASVMEMRPDISGDAAUCPPTA6-month return →1-month return →
Up and to the right = strong over both horizons. Perpetua Resources is the large dot.

Fundamentals: return on equity against price-to-book

-150%-100%-50%0%50%2.50×50×7.50×002237001337EDRWAFNGSEAFVIWDO3330MSASVMEMRSINDPDIOBMSGDSSMRAAUCPPTAReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Perpetua Resources is the large dot.

Capital: ROE delivered against the ROE the price implies

-100%-50%0%50%-100%-50%0%50%002237001337EDRWAFNGSEA600459WDODRDMSAEMROBMSGDAAUCPPTAROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Perpetua Resources is the large dot.

Perpetua Resources competitors and peer comparison

Head to head with its named competitors (PPTA vs UAMY vs LRV.AX vs ALK.AX)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Perpetua Resources PPTA$2.44B-35%n/a-38%3.39×14.4%
United States Antimony UAMY$422M-74%+36%-15%2.33×13.1%
Larvotto Resources LRV.AXn/a-47%n/an/an/an/a
Alkane Resources ALK.AX$1.63B+11%+403%31%2.11×25.3%

How Perpetua Resources compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Perpetua Resources against its 20 peers (data as of 6 Nov 2026)
MeasurePPTAPeer medianRank in peer set
1-month return-2.9%-5.3%9th highest of 21
6-month return-34.8%-14.2%lowest of 19
Return on equity-37.8%9.5%4th lowest of 21
Price / book3.39×3.47×11th cheapest of 21
ROE the price implies14.4%29.8%2nd least demanding of 21
ROE delivered-37.8%16.7%2nd lowest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Perpetua Resources PPTAUnited States$2.44B-35%n/a-38%3.39×14.4%-37.8%
Shandong Humon Smelting 002237.SZChina$2.44B-32%+25%9%1.16×11.1%8.6%
Sichuan Gold 001337.SZChina$2.52B-25%+57%33%7.70×79.2%33.2%
Endeavour Silver EDR.TOCanada$2.34B-20%+198%10%3.24×44.6%10.4%
West African Resources WAF.AXAustralia$2.74B+4%+194%38%2.01×19.3%37.6%
Novagold Resources NGUnited States$2.81B-27%n/a-33%6.72×48.1%-32.8%
Seabridge Gold SEA.TOCanada$2.87B-8%n/a3%3.63×38.3%3.3%
Fortuna Mining FVI.TOCanada$2.87B-5%+6%23%1.61×21.1%23.0%
Sino-Platinum Metals 600459.SSChina$2.06B-17%-27%8%1.49×15.8%8.0%
Wesdome Gold Mines WDO.TOCanada$2.92B+6%+49%47%4.03×21.9%47.4%
Lingbao Gold 3330.HKHong Kong$2.94B-28%-10%30%2.55×16.8%30.4%
DRDGOLD Ltd. Sponsored ADR DRDUnited States$2.00B-16%+53%40%2.84×14.8%39.6%
Mineros MSA.TOCanada$2.00B+73%+77%37%3.31×28.2%37.4%
Silvercorp Metals SVM.TOCanada$1.99B-31%+59%4%1.99×24.6%3.6%
Emerald Resources NL EMR.AXAustralia$3.04B+6%+40%33%4.79×35.9%33.1%
Sinda SINDUnited States$1.95Bn/an/a-161%8.84×152.0%n/a
Predictive Discovery PDI.AXAustralia$3.08B-13%n/a-7%2.71×19.2%-7.4%
Ora Banda Mining OBM.AXAustralia$1.93B+4%+101%53%5.17×47.8%52.5%
Snowline Gold SGD.TOCanada$1.93B-6%n/a-90%25.66×86.1%-90.2%
Sunshine Silver Mining & Refining SSMRUnited States$1.91Bn/a+422%-157%5.91×102.7%n/a
Allied Gold AAUC.TOCanada$3.24B-19%+54%-14%5.77×31.4%-14.0%

Questions

Who are Perpetua Resources's main competitors?
Named competitors: United States Antimony (UAMY), Larvotto Resources (LRV.AX), Nova Minerals (private or unlisted), Alkane Resources (ALK.AX). The cockpit's measured peer set (industry) also includes Shandong Humon Smelting (002237.SZ), Sichuan Gold (001337.SZ), Endeavour Silver (EDR.TO), West African Resources (WAF.AX), Novagold Resources (NG), Seabridge Gold (SEA.TO).
Is Perpetua Resources expensive compared with its peers?
On price / book it trades at 3.39× against a peer median of 3.47×, 11th cheapest of 21 in its peer set. The share price implies a return on equity of about 14.4%; Perpetua Resources delivers -37.8%, so the price asks more than the business earns today.
How has Perpetua Resources stock performed?
Over six months to 6 Nov 2026 the shares returned -34.8% against -14.2% for the median peer; over one year -8.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.