Perseus Mining (TSE:PRU) Raised to “Strong-Buy” at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Perseus Mining (TSE:PRU) to a strong-buy rating in a research note issued to investors on Thursday morning, Zacks.com reports.

PRU has been the subject of a number of other research reports. UBS Group raised Perseus Mining to a strong-buy rating in a report on Monday, September 16th. 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 %

Perseus Mining stock opened at C$2.51 on Thursday. The firm has a market cap of C$3.46 billion, a price-to-earnings ratio of 7.84, a PEG ratio of -0.13 and a beta of 0.99. The stock has a fifty day simple moving average of C$2.32 and a two-hundred day simple moving average of C$2.20. Perseus Mining has a 12 month low of C$1.35 and a 12 month high of C$2.63. The company has a current ratio of 4.64, a quick ratio of 2.66 and a debt-to-equity ratio of 0.18.

Perseus Mining Company Profile

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.