Buy Rating Affirmed for Perpetua Resources Amid Strategic Financial Moves and Stibnite Project Advancements

Tip Ranks
2025.11.18 11:16
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Heiko Ihle from H.C. Wainwright reiterated a Buy rating for Perpetua Resources with a $30.00 price target. Despite a Q3 2025 net loss, the company advanced the Stibnite project, securing $139.0M in construction insurance and raising $807.0M through equity offerings. RBC Capital also maintained a Buy rating with a $28.00 price target.

Heiko Ihle, an analyst from H.C. Wainwright, reiterated the Buy rating on Perpetua Resources. The associated price target remains the same with $30.00.

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Heiko Ihle has given his Buy rating due to a combination of factors including Perpetua Resources’ strategic financial maneuvers and project developments. Despite reporting a net loss in the third quarter of 2025, largely due to increased exploration costs, the company has made significant progress towards construction readiness at the Stibnite project. This includes breaking ground on early works construction and securing $139.0M in construction phase financial insurance, which are critical steps forward.
Additionally, Perpetua Resources has successfully raised approximately $807.0M through various equity offerings, including a significant $255.0M investment from Agnico Eagle and JPMorgan. The potential for additional financing through a U.S. Export-Import Bank debt facility further strengthens the company’s financial position. These developments, coupled with favorable commodity prices, suggest that the Stibnite project could become significantly more profitable, justifying the Buy rating.

In another report released on November 3, RBC Capital also maintained a Buy rating on the stock with a $28.00 price target.

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