Perseus Mining (TSE:PRU) Sets New 1-Year High – Here’s What Happened

Perseus Mining Limited (TSE:PRU) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$2.58 and last traded at C$2.57, with a volume of 14000 shares changing hands. The stock had previously closed at C$2.51.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PRU shares. UBS Group upgraded Perseus Mining to a “strong-buy” rating in a report on Monday, September 16th. Canaccord Genuity Group upgraded Perseus Mining to a “strong-buy” rating in a research note on Thursday, October 10th. Finally, Cormark raised their price target on Perseus Mining from C$2.60 to C$2.70 and gave the stock a “moderate buy” rating in a research note on Thursday, August 29th.

Perseus Mining Stock Up 2.4 %

The business has a 50 day moving average of C$2.33 and a 200-day moving average of C$2.21. The stock has a market cap of C$3.55 billion, a PE ratio of 7.84, a P/E/G ratio of -0.13 and a beta of 0.99. The company has a current ratio of 4.64, a quick ratio of 2.66 and a debt-to-equity ratio of 0.18.

About Perseus Mining

Perseus Mining Limited, together with its subsidiaries, explores, evaluates, develops, and mines for gold properties in West Africa. The company holds interests in the Edikan gold mine project located in Ghana; and the Sissingué and Yaouré gold mine projects located in Republic of Côte d'Ivoire.