Perpetua Resources Corp Shares Rise 8.88% Amid Analyst Forecast of 22.49% Upside Potential

Shares of Perpetua Resources Corp (PPTA) surged 8.88% on July 18, reaching an intraday high of $17.70 and settling at $17.28, up from its previous close of $15.87. Trading volume was 3,687,666 shares, 122.6% above the average daily volume. Analysts forecast an average target price of $21.17, with an upside of 22.49% from the current price. The average brokerage recommendation is 2.0, indicating an "Outperform" status.

Shares of Perpetua Resources Corp (PPTA) surged 8.88% on July 18, reaching an intraday high of $17.70 and settling at $17.28, up from its previous close of $15.87. Trading volume was 3,687,666 shares, 122.6% above the average daily volume [2].

Analysts forecast an average target price of $21.17, with an upside of 22.49% from the current price [2]. The average brokerage recommendation is 2.0, indicating an "Outperform" status [2].

The stock's recent performance is driven by positive analyst ratings and increased institutional ownership. On July 18, Royal Bank of Canada assumed coverage on shares of Perpetua Resources, setting an "outperform" rating and a $23.00 price target [1]. Additionally, National Bank Financial, HC Wainwright, and B. Riley have issued positive ratings on the stock [1].

Institutional investors have also shown interest in Perpetua Resources. Bank of Montreal Can, Corebridge Financial Inc., AQR Capital Management LLC, Goldman Sachs Group Inc., and Lowe Wealth Advisors LLC have increased their stakes in the company [1].

Perpetua Resources Corp engages in the exploration and development of mineral properties, primarily gold, silver, and antimony deposits. Its principal asset is the 100% owned Stibnite Gold project in Valley County, Idaho [1].

References:
[1] https://www.marketbeat.com/instant-alerts/perpetua-resources-nasdaqppta-now-covered-by-analysts-at-royal-bank-of-canada-2025-07-18/
[2] https://www.gurufocus.com/news/2988241/perpetua-resources-corp-ppta-shares-up-888-on-jul-18