Assessing Perpetua Resources (TSX:PPTA) Valuation After Strong Recent Share Price Momentum

Simply Wall St.

Assessing Perpetua Resources (TSX:PPTA) Valuation After Strong Recent Share Price Momentum

Simply Wall St

Sat, January 10, 2026 at 7:13 AM EST

3 min read

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With no recent headline event to point to, Perpetua Resources (TSX:PPTA) has still caught investor attention after a series of strong price moves over the past year. This has raised fresh questions about valuation.

See our latest analysis for Perpetua Resources.

Recent trading has been strong, with a 22.76% 7 day share price return and a 16.66% 30 day share price return at a latest share price of CA$41.32, alongside a 137.06% 1 year total shareholder return. This points to building momentum and shifting views around Perpetua Resources' risk and growth profile.

If Perpetua's move has you thinking about where else momentum and quality might intersect, it could be a good time to scan fast growing stocks with high insider ownership for other ideas.

With Perpetua Resources still loss making but trading at around CA$41 and only a small gap to the current analyst price target, you have to ask: is there still upside here, or is the market already pricing in future growth?

Price to Book of 6.9x: Is it justified?

On a P/B of 6.9x at a CA$41.32 share price, Perpetua Resources trades well ahead of the broader Canadian metals and mining industry but below its immediate peer set.

P/B compares a company’s market value to its net assets, which often matters for asset heavy miners where balance sheet value and project quality are key reference points.

Here, Perpetua Resources' 6.9x P/B is more than double the Canadian metals and mining industry average of 3.2x. However, it sits below a peer average of 14.6x, which suggests the market assigns a premium to its asset base compared to the sector overall while still valuing it at a discount to closer comparables.

That gap, both above the wider industry and below peers, is where the valuation debate sits right now. The current multiple implies stronger expectations than the average miner but more cautious sentiment than the closest peer group.

See what the numbers say about this price — find out in our valuation breakdown.

Result: Price-to-book of 6.9x (ABOUT RIGHT)

However, the company is still loss making, with net income of $44.29m, and depends on the progress and economics of a single key project, Stibnite Gold.

Find out about the key risks to this Perpetua Resources narrative.

Build Your Own Perpetua Resources Narrative

If you see the numbers differently or want to stress test your own view against the data, you can build a custom thesis in minutes: Do it your way.

A great starting point for your Perpetua Resources research is our analysis highlighting 3 important warning signs that could impact your investment decision.

Story Continues

Looking for more investment ideas?

If Perpetua Resources is on your radar, do not stop there. Widening your search now could reveal opportunities that fit your style even better.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include PPTA.TO.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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