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Perpetua Resources Corp (PPTA) stock recently reached a 52-week high, hitting a price of 19.8 USD. This marks a significant milestone for the company, reflecting a robust performance over the past year. According to InvestingPro data, the company maintains strong financial health with a current ratio of 71.1, indicating excellent liquidity. The stock has seen an impressive 1-year change of 123.22%, showcasing strong investor confidence and potential growth prospects. This upward trajectory underscores the company’s resilience and strategic initiatives, capturing the attention of market participants and analysts alike. Analyst targets range from $21 to $30, suggesting potential further upside, though InvestingPro analysis indicates the stock is currently fairly valued. As Perpetua Resources continues to navigate the market dynamics, this 52-week high serves as a testament to its ongoing success and future potential. The company’s remarkable performance includes a 68% gain over the past six months, though investors should note that analysts expect net income to decrease this year. Access 12 additional exclusive InvestingPro Tips for PPTA by visiting InvestingPro.
In other recent news, Perpetua Resources has received a conditional Notice to Proceed from the U.S. Forest Service for its Stibnite Gold Project. This approval indicates that the company has met all the necessary requirements outlined in the January 2025 Record of Decision, allowing construction to begin once the required financial assurance bonding is in place. The U.S. Forest Service, along with the Idaho Department of Lands and the U.S. Army Corps of Engineers, has agreed upon a joint financial assurance package for the project. Additionally, Perpetua Resources announced it received a preliminary, non-binding indicative financing term sheet from the Export-Import Bank of the United States (EXIM) for $2 billion in potential debt financing. This financing is part of the bank’s initial due diligence process, with final consideration by the EXIM Board expected by spring 2026. Furthermore, H.C. Wainwright has reiterated its Buy rating for Perpetua Resources with a price target of $30.00, following the company’s receipt of the conditional Notice to Proceed. These developments mark significant progress for Perpetua Resources in advancing its Stibnite Gold Project.
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