Perpetua Resources (NASDAQ:PPTA) Shares Gap Up – Time to Buy?

Posted by Brian Himes on May 22nd, 2026

Perpetua Resources Corp. (NASDAQ:PPTA – Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $26.72, but opened at $28.95. Perpetua Resources shares last traded at $26.1780, with a volume of 656,924 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have commented on PPTA. HC Wainwright reiterated a “buy” rating and issued a $41.00 price objective on shares of Perpetua Resources in a research report on Wednesday, April 8th. Zacks Research lowered Perpetua Resources from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Perpetua Resources in a research report on Tuesday, April 21st. Finally, B. Riley Financial increased their price objective on Perpetua Resources from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Six analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Read Our Latest Analysis on PPTA

Perpetua Resources Stock Performance

The stock’s 50-day moving average is $29.02 and its 200 day moving average is $28.35. The firm has a market cap of $3.21 billion, a P/E ratio of -19.46 and a beta of 0.02.

Perpetua Resources (NASDAQ:PPTA – Get Free Report) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.21). On average, research analysts anticipate that Perpetua Resources Corp. will post -1.54 EPS for the current year.

Insider Transactions at Perpetua Resources

In other Perpetua Resources news, insider Jonathan Cherry sold 4,079 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $29.31, for a total transaction of $119,555.49. Following the completion of the transaction, the insider owned 44,895 shares in the company, valued at approximately $1,315,872.45. This represents a 8.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mckinsey Margaret Lyon sold 8,699 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $29.53, for a total value of $256,881.47. Following the transaction, the insider owned 142,329 shares of the company’s stock, valued at approximately $4,202,975.37. This trade represents a 5.76% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Perpetua Resources

Large investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in shares of Perpetua Resources by 26.8% during the 1st quarter. Janus Henderson Group PLC now owns 39,250 shares of the company’s stock worth $1,104,000 after buying an additional 8,300 shares during the last quarter. Amundi lifted its stake in Perpetua Resources by 37.3% in the 1st quarter. Amundi now owns 1,384,758 shares of the company’s stock valued at $38,939,000 after purchasing an additional 375,962 shares during the last quarter. California State Teachers Retirement System lifted its stake in Perpetua Resources by 38.3% in the 1st quarter. California State Teachers Retirement System now owns 102,426 shares of the company’s stock valued at $2,880,000 after purchasing an additional 28,342 shares during the last quarter. Royal Bank of Canada lifted its stake in Perpetua Resources by 24.1% in the 1st quarter. Royal Bank of Canada now owns 485,118 shares of the company’s stock valued at $13,641,000 after purchasing an additional 94,302 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Perpetua Resources by 66.7% in the 1st quarter. Quantinno Capital Management LP now owns 22,415 shares of the company’s stock valued at $630,000 after purchasing an additional 8,969 shares during the last quarter. Institutional investors own 70.07% of the company’s stock.

Perpetua Resources Company Profile

(Get Free Report)

Perpetua Resources Inc (NASDAQ: PPTA), formerly known as eCobalt Solutions Inc, is a mineral exploration and development company focused on critical metals that support the global clean-energy transition. The company’s primary objective is to advance its flagship Idaho Cobalt Project, a permitted underground mine located near Stibnite, Idaho. This project is designed to produce cobalt, copper, gold and silver, with an emphasis on providing responsibly sourced materials to North American battery and technology markets.

In addition to its Idaho Cobalt Project, Perpetua Resources holds exploration licenses and mineral tenures across the United States and Canada.