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Perseus Mining (TSE:PRU) Share Price Crosses Above 200 Day Moving Average - What's Next?

Perseus Mining logo with Basic Materials background
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Key Points

  • Technical breakout: Perseus Mining's share price crossed above its 200-day moving average (C$5.02) on Friday, trading as high as C$5.72 and last at C$5.57 on volume of 4,282 shares.
  • Analyst upgrades: UBS raised its rating to Strong Buy and ATB Cormark upgraded to a moderate buy, leaving a MarketBeat average rating of Strong Buy.
  • Solid fundamentals: The company has a C$7.50 billion market cap, a P/E of 21.44, strong liquidity (quick ratio 2.66, current ratio 5.23) and low leverage (debt-to-equity 0.19), with gold operations in West Africa.
  • Five stocks we like better than Perseus Mining.

Perseus Mining Limited (TSE:PRU - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.02 and traded as high as C$5.72. Perseus Mining shares last traded at C$5.57, with a volume of 4,282 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group raised shares of Perseus Mining from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 20th. ATB Cormark Capital Markets upgraded shares of Perseus Mining from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, Perseus Mining currently has an average rating of "Strong Buy".

Get Our Latest Stock Report on Perseus Mining

Perseus Mining Stock Performance

The stock has a market cap of C$7.50 billion, a price-to-earnings ratio of 21.44, a PEG ratio of -0.13 and a beta of 1.82. The stock's fifty day moving average is C$5.26 and its 200-day moving average is C$5.02. The company has a quick ratio of 2.66, a current ratio of 5.23 and a debt-to-equity ratio of 0.19.

Perseus Mining Company Profile

(Get Free Report)

Perseus Mining Ltd is engaged in the exploration, evaluation, development, and mining of gold properties in West Africa. The company projects are Sissingue Gold Mine, Edikan Gold Mine in Ghana, and Yaoure Gold Project.

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