Perpetua Resources rises as BMO starts coverage with 'outperform'

Perpetua Resources

14/10/2025 13:10

** U.S.-listed shares of mining company Perpetua Resources PPTA.TO PPTA.O up ~4% at $28.42 premarket

   ** BMO initiates coverage on Perpetua Resources with "outperform" rating; price target C$38

** The price target represents a 5.2% upside to the stock's last close

** "Besides having good exploration prospects, we also like the non-dilutive funding from the U.S. government, which is looking to the Stibnite mine to produce domestic antimony" - brokerage

** Brokerage estimates the Stibnite project to have an Net Present Value of $2.9 billion

** Estimates first production in 2029

** 4 brokerages rate the stock "buy"; median PT is C$37- data compiled by LSEG

** Up to last close, stock up 135% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))