Perseus Mining (TSE:PRU) Stock Rating Upgraded by UBS Group

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

Separately, Cormark increased their price target on shares of Perseus Mining from C$2.60 to C$2.70 and gave the company a moderate buy rating in a research note on Thursday, August 29th.

Perseus Mining Stock Up 6.1 %

Shares of TSE PRU opened at C$2.44 on Monday. Perseus Mining has a 12-month low of C$1.32 and a 12-month high of C$2.63. The firm’s 50-day simple moving average is C$2.32 and its 200 day simple moving average is C$2.14. The company has a quick ratio of 2.66, a current ratio of 4.64 and a debt-to-equity ratio of 0.18. The company has a market cap of C$3.37 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of -0.13 and a beta of 0.99.

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.