Perseus Mining (TSE:PRU) Upgraded at Citigroup

Key Points

• Citigroup upgraded Perseus Mining (TSE:PRU) from "hold" to "strong‑buy", and UBS and ATB Cormark have also raised their ratings, leaving the consensus as Strong Buy (two Strong Buy, one Buy).
• Shares opened at C$5.57 with a 52‑week range of C$2.86–C$6.35 and a market capitalization of C$7.50 billion, trading at a P/E of 21.44 and a P/E/G of -0.13.
• Perseus is a West Africa gold miner (Sissingue, Edikan, Yaoure) with low leverage (debt/equity 0.19) and strong liquidity (quick ratio 2.66, current ratio 5.23).

Perseus Mining (TSE:PRU - Get Free Report) was upgraded by equities research analysts at Citigroup from a "hold" rating to a "strong-buy" rating in a note issued to investors on Friday,Zacks.com reports.

A number of other analysts also recently issued reports on the stock. ATB Cormark Capital Markets raised shares of Perseus Mining from a "hold" rating to a "moderate buy" rating in a report on Tuesday, March 17th. UBS Group raised shares of Perseus Mining from a "hold" rating to a "strong-buy" rating in a report on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Strong Buy".

Perseus Mining Stock Performance

TSE PRU opened at C$5.57 on Friday. Perseus Mining has a 52-week low of C$2.86 and a 52-week high of C$6.35. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.66 and a current ratio of 5.23. The company has a market capitalization of C$7.50 billion, a P/E ratio of 21.44, a P/E/G ratio of -0.13 and a beta of 1.82. The company has a fifty day moving average of C$5.26 and a 200-day moving average of C$5.02.

About Perseus Mining

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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