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 report released on Thursday, Zacks.com reports.

A number of other brokerages also recently commented on PRU. Cormark boosted their target price on shares of Perseus Mining from C$2.60 to C$2.70 and gave the stock a moderate buy rating in a report on Thursday, August 29th. UBS Group upgraded Perseus Mining to a strong-buy rating in a research report on Monday, September 16th.

Perseus Mining Stock Performance

Shares of Perseus Mining stock opened at C$2.51 on Thursday. The company has a market capitalization of C$3.46 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 debt-to-equity ratio of 0.18, a quick ratio of 2.66 and a current ratio of 4.64. The company has a 50-day simple moving average of C$2.32 and a two-hundred day simple moving average of C$2.20. Perseus Mining has a one year low of C$1.35 and a one year high of C$2.63.

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.