Perpetua Resources (NASDAQ:PPTA) Sets New 52-Week Low – Here’s Why

Posted by Brenda Bartman on Oct 23rd, 2026

Perpetua Resources Corp. (NASDAQ:PPTA – Get Free Report) shares hit a new 52-week low during mid-day trading on Friday. The stock traded as low as $16.38 and last traded at $16.8350, with a volume of 419,693 shares trading hands. The stock had previously closed at $17.26.

Analysts Set New Price Targets

PPTA has been the subject of several analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $43.50 price objective on shares of Perpetua Resources in a report on Wednesday, September 30th. Zacks Research lowered Perpetua Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. B. Riley Financial began coverage on Perpetua Resources in a research note on Monday, August 3rd. They set a “buy” rating and a $30.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perpetua Resources in a report on Thursday, October 15th. Finally, Scotiabank initiated coverage on shares of Perpetua Resources in a report on Tuesday, September 1st. They set a “sector outperform” rating on the stock. Three analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $39.17.

Check Out Our Latest Stock Report on PPTA

Perpetua Resources Stock Performance

The stock has a market capitalization of $2.07 billion, a P/E ratio of -8.21 and a beta of 0.15. The firm has a 50-day moving average price of $22.68 and a 200 day moving average price of $23.92.

Perpetua Resources (NASDAQ:PPTA – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.59). During the same quarter in the prior year, the company posted $0.08 EPS. On average, equities analysts anticipate that Perpetua Resources Corp. will post -2.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Paulson & CO. Inc. bought a new stake in shares of Perpetua Resources during the second quarter valued at approximately $671,530,000. BlackRock Inc. purchased a new stake in shares of Perpetua Resources in the 2nd quarter worth about $110,181,000. Alyeska Investment Group L.P. increased its stake in shares of Perpetua Resources by 363.4% in the 2nd quarter. Alyeska Investment Group L.P. now owns 1,099,408 shares of the company’s stock worth $22,824,000 after acquiring an additional 862,143 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Perpetua Resources during the 2nd quarter valued at about $15,128,000. Finally, Wellington Management Group LLP purchased a new position in Perpetua Resources during the 2nd quarter valued at about $11,904,000. Institutional investors own 70.07% of the company’s stock.

Perpetua Resources Company Profile

(Get Free Report)

Perpetua Resources Corp. is a mineral development company focused on advancing the Stibnite Gold Project in central Idaho. The project is designed to produce gold and antimony, a critical mineral used in defense applications, energy technologies, flame retardants and other industrial products. The company is pursuing the project through its U.S. subsidiary, Stibnite Gold Project LLC.

The Stibnite Gold Project is located in the historic Stibnite-Yellow Pine mining district. Perpetua’s activities include permitting, engineering, environmental studies and project development, as well as planning for the restoration of legacy environmental impacts associated with earlier mining in the area.