PPTA
Perpetua Resources Corp.
Other Precious Metals
Market Cap$3.07B
5Y Perf.+342.0%
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Stock Comparison
PPTA vs MUX
Revenue, margins, valuation, and 5-year total return — side by side.
MUX
McEwen Mining Inc.
Other Precious Metals
Market Cap$1.39B
5Y Perf.+110.5%
PPTA vs MUX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | PPTA | MUX |
|---|---|---|
| Industry | Other Precious Metals | Other Precious Metals |
| Market Cap | $3.07B | $1.39B |
| Revenue (TTM) | $0.00 | $162M |
| Net Income (TTM) | $-44M | $74M |
| Gross Margin | — | 32.9% |
| Operating Margin | — | 22.2% |
| Forward P/E | 129.6x | 22.2x |
| Total Debt | $28K | $926K |
| Cash & Equiv. | $44M | $51M |
PPTA vs MUX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
PPTA
MUX
| Stock | Feb 21 | May 26 | Return |
|---|---|---|---|
| Perpetua Resources … (PPTA) | 100 | 442.0 | +342.0% |
| McEwen Mining Inc. (MUX) | 100 | 210.5 | +110.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PPTA vs MUX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: MUX leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Perpetua Resources Corp. is the stronger pick specifically for capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
PPTA
Perpetua Resources Corp.
The Income Pick
PPTA is the clearest fit if your priority is income & stability and long-term compounding.
- beta 1.08
- 252.0% 10Y total return vs MUX's -0.1%
- Lower volatility, beta 1.08, Low D/E 0.0%, current ratio 7.01x
Best for: income & stability and long-term compounding
MUX
McEwen Mining Inc.
The Growth Play
MUX carries the broadest edge in this set and is the clearest fit for growth exposure.
- Rev growth 13.2%, EPS growth 168.6%, 3Y rev CAGR 21.4%
- 13.2% revenue growth vs PPTA's -260.4%
- Lower P/E (22.2x vs 129.6x)
Best for: growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | MUX | 13.2% revenue growth vs PPTA's -260.4% |
| Value | MUX | Lower P/E (22.2x vs 129.6x) |
| Quality / Margins | MUX | 45.7% margin vs PPTA's 0.2% |
| Stability / Safety | PPTA | Beta 1.08 vs MUX's 1.27, lower leverage |
| Dividends | MUX | 0.2% yield; the other pay no meaningful dividend |
| Momentum (1Y) | MUX | +198.5% vs PPTA's +93.6% |
| Efficiency (ROA) | MUX | 9.0% ROA vs PPTA's -13.7%, ROIC -1.9% vs -58.4% |
PPTA vs MUX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2025
PPTA vs MUX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLMUXLAGGINGPPTA
PPTAPerpetua Resources Co…
1leads
MUXMcEwen Mining Inc.
3leads
6 Total Categories
CATEGORYLEADERvs PPTAMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
MUX1/1
Valuation MetricsMultiples, price ratios, and targets
MUX2/2
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
MUX6/8
Total Returns1Y, 3Y, 5Y total returns with dividends
PPTA4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
MUX leads this category, winning 1 of 1 comparable metric.
Income & Cash Flow (Last 12 Months)
MUX and PPTA operate at a comparable scale, with $162M and $0 in trailing revenue.
| Metric | PPTAPerpetua Resource… | MUXMcEwen Mining Inc. |
|---|---|---|
| RevenueTrailing 12 months | $0 | $162M |
| EBITDAEarnings before interest/tax | -$75M | $61M |
| Net IncomeAfter-tax profit | -$44M | $74M |
| Free Cash FlowCash after capex | -$61M | -$24M |
| Gross MarginGross profit ÷ Revenue | — | +32.9% |
| Operating MarginEBIT ÷ Revenue | — | +22.2% |
| Net MarginNet income ÷ Revenue | — | +45.7% |
| FCF MarginFCF ÷ Revenue | — | -14.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | -100.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -5.4% | +4.9% |
MUX leads this category, winning 1 of 1 comparable metric.
Valuation Metrics
MUX leads this category, winning 2 of 2 comparable metrics.
Valuation Metrics
At 39.6x trailing earnings, MUX trades at a 69% valuation discount to PPTA's 129.6x P/E.
| Metric | PPTAPerpetua Resource… | MUXMcEwen Mining Inc. |
|---|---|---|
| Market CapShares × price | $3.1B | $1.4B |
| Enterprise ValueMkt cap + debt − cash | $3.0B | $1.3B |
| Trailing P/EPrice ÷ TTM EPS | 129.59x | 39.61x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 22.21x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | 74.65x |
| Price / SalesMarket cap ÷ Revenue | — | 7.03x |
| Price / BookPrice ÷ Book value/share | 17.19x | 2.31x |
| Price / FCFMarket cap ÷ FCF | — | — |
MUX leads this category, winning 2 of 2 comparable metrics.
Profitability & Efficiency
MUX leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
MUX delivers a 13.6% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $-14 for PPTA. PPTA carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to MUX's 0.00x. On the Piotroski fundamental quality scale (0–9), MUX scores 5/9 vs PPTA's 4/9, reflecting solid financial health.
| Metric | PPTAPerpetua Resource… | MUXMcEwen Mining Inc. |
|---|---|---|
| ROE (TTM)Return on equity | -14.1% | +13.6% |
| ROA (TTM)Return on assets | -13.7% | +9.0% |
| ROICReturn on invested capital | -58.4% | -1.9% |
| ROCEReturn on capital employed | -56.0% | -1.9% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 0.00x | 0.00x |
| Net DebtTotal debt minus cash | -$44M | -$50M |
| Cash & Equiv.Liquid assets | $44M | $51M |
| Total DebtShort + long-term debt | $28,288 | $926,000 |
| Interest CoverageEBIT ÷ Interest expense | — | -1.52x |
MUX leads this category, winning 6 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
PPTA leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PPTA five years ago would be worth $32,583 today (with dividends reinvested), compared to $17,977 for MUX. Over the past 12 months, MUX leads with a +198.5% total return vs PPTA's +93.6%. The 3-year compound annual growth rate (CAGR) favors PPTA at 75.1% vs MUX's 38.1% — a key indicator of consistent wealth creation.
| Metric | PPTAPerpetua Resource… | MUXMcEwen Mining Inc. |
|---|---|---|
| YTD ReturnYear-to-date | +16.2% | +25.1% |
| 1-Year ReturnPast 12 months | +93.6% | +198.5% |
| 3-Year ReturnCumulative with dividends | +436.9% | +163.5% |
| 5-Year ReturnCumulative with dividends | +225.8% | +79.8% |
| 10-Year ReturnCumulative with dividends | +252.0% | -0.1% |
| CAGR (3Y)Annualised 3-year return | +75.1% | +38.1% |
PPTA leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — PPTA and MUX each lead in 1 of 2 comparable metrics.
Risk & Volatility
PPTA is the less volatile stock with a 1.08 beta — it tends to amplify market swings less than MUX's 1.27 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | PPTAPerpetua Resource… | MUXMcEwen Mining Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.08x | 1.27x |
| 52-Week HighHighest price in past year | $37.37 | $29.70 |
| 52-Week LowLowest price in past year | $11.22 | $6.88 |
| % of 52W HighCurrent price vs 52-week peak | +76.3% | +78.7% |
| RSI (14)Momentum oscillator 0–100 | 53.2 | 51.0 |
| Avg Volume (50D)Average daily shares traded | 1.4M | 992K |
Evenly matched — PPTA and MUX each lead in 1 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates PPTA as "Buy" and MUX as "Buy". Consensus price targets imply 43.8% upside for PPTA (target: $41) vs 28.4% for MUX (target: $30). MUX is the only dividend payer here at 0.18% yield — a key consideration for income-focused portfolios.
| Metric | PPTAPerpetua Resource… | MUXMcEwen Mining Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $41.00 | $30.00 |
| # AnalystsCovering analysts | 3 | 7 |
| Dividend YieldAnnual dividend ÷ price | — | +0.2% |
| Dividend StreakConsecutive years of raises | — | 0 |
| Dividend / ShareAnnual DPS | — | $0.04 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Insufficient data to determine a leader in this category.
Key Takeaway
MUX leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). PPTA leads in 1 (Total Returns). 1 tied.
Best OverallMcEwen Mining Inc. (MUX)Leads 3 of 6 categories
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PPTA vs MUX: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is PPTA or MUX a better buy right now?
McEwen Mining Inc.
(MUX) offers the better valuation at 39. 6x trailing P/E (22. 2x forward), making it the more compelling value choice. Analysts rate Perpetua Resources Corp. (PPTA) a "Buy" — based on 3 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — PPTA or MUX?
On trailing P/E, McEwen Mining Inc.
(MUX) is the cheapest at 39. 6x versus Perpetua Resources Corp. at 129. 6x.
03Which is the better long-term investment — PPTA or MUX?
Over the past 5 years, Perpetua Resources Corp.
(PPTA) delivered a total return of +225. 8%, compared to +79. 8% for McEwen Mining Inc. (MUX). Over 10 years, the gap is even starker: PPTA returned +252. 0% versus MUX's -0. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — PPTA or MUX?
By beta (market sensitivity over 5 years), Perpetua Resources Corp.
(PPTA) is the lower-risk stock at 1. 08β versus McEwen Mining Inc. 's 1. 27β — meaning MUX is approximately 17% more volatile than PPTA relative to the S&P 500. On balance sheet safety, Perpetua Resources Corp. (PPTA) carries a lower debt/equity ratio of 0% versus 0% for McEwen Mining Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — PPTA or MUX?
McEwen Mining Inc.
(MUX) is the more profitable company, earning 17. 4% net margin versus 0. 0% for Perpetua Resources Corp. — meaning it keeps 17. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PPTA leads at 0. 0% versus -6. 5% for MUX. At the gross margin level — before operating expenses — MUX leads at 11. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is PPTA or MUX more undervalued right now?
Analyst consensus price targets imply the most upside for PPTA: 43.
8% to $41. 00.
07Which pays a better dividend — PPTA or MUX?
In this comparison, MUX (0.
2% yield) pays a dividend. PPTA does not pay a meaningful dividend and should not be held primarily for income.
08Is PPTA or MUX better for a retirement portfolio?
For long-horizon retirement investors, Perpetua Resources Corp.
(PPTA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 08), +252. 0% 10Y return). Both have compounded well over 10 years (PPTA: +252. 0%, MUX: -0. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between PPTA and MUX?
Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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