Perseus Mining (TSE:PRU) Upgraded by UBS Group to Strong-Buy

Perseus Mining (TSE:PRU) was upgraded by analysts at UBS Group to a “strong-buy” rating in a note issued to investors on Monday, Zacks.com reports.

Separately, Cormark lifted 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 report on Thursday, August 29th.

Perseus Mining Stock Performance

Shares of PRU stock opened at C$2.44 on Monday. Perseus Mining has a 1 year low of C$1.32 and a 1 year high of C$2.63. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.66 and a current ratio of 4.64. The firm has a market cap of C$3.37 billion, a price-to-earnings ratio of 7.63, a PEG ratio of -0.13 and a beta of 0.99. The stock’s 50-day moving average is C$2.32 and its two-hundred day moving average is C$2.14.

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.