Perseus Mining (TSE:PRU) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Perseus Mining shares recently passed above its 200‑day moving average, trading as high as C$5.36 and last at C$5.28 (200‑day MA C$5.12; 50‑day MA C$5.27).
• Multiple brokerages have upgraded the stock—Citigroup and UBS to strong‑buy and ATB Cormark to moderate buy—giving Perseus an average analyst rating of "Strong Buy."
• The company, which operates gold mines in West Africa, has a market cap of C$7.12 billion, a P/E of about 20.3, strong liquidity (current ratio 5.23, quick ratio 2.66) and low leverage (debt/equity 0.19).

Perseus Mining Limited (TSE:PRU - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$5.12 and traded as high as C$5.36. Perseus Mining shares last traded at C$5.28, with a volume of 13,678 shares traded.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PRU. Citigroup upgraded Perseus Mining from a "hold" rating to a "strong-buy" rating in a report on Friday, April 10th. ATB Cormark Capital Markets upgraded Perseus Mining from a "hold" rating to a "moderate buy" rating in a report on Tuesday, March 17th. Finally, UBS Group upgraded Perseus Mining from a "hold" rating to a "strong-buy" rating in a report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, Perseus Mining has an average rating of "Strong Buy".

Perseus Mining Trading Down 1.3%

The company has a fifty day moving average of C$5.27 and a two-hundred day moving average of C$5.12. The company has a current ratio of 5.23, a quick ratio of 2.66 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of C$7.12 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of -0.13 and a beta of 1.82.

Perseus Mining Company Profile

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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