Perseus Mining (TSE:PRU) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Perseus Mining Limited (TSE:PRU)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.02 and traded as high as C$5.72. Perseus Mining shares last traded at C$5.57, with a volume of 4,282 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group raised shares of Perseus Mining from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. ATB Cormark Capital Markets upgraded shares of Perseus Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, Perseus Mining currently has an average rating of “Strong Buy”.

Perseus Mining Stock Performance

The stock has a market cap of C$7.50 billion, a price-to-earnings ratio of 21.44, a PEG ratio of -0.13 and a beta of 1.82. The stock’s fifty day moving average is C$5.26 and its 200-day moving average is C$5.02. The company has a quick ratio of 2.66, a current ratio of 5.23 and a debt-to-equity ratio of 0.19.

Perseus Mining Company Profile

Perseus Mining Ltd is engaged in the exploration, evaluation, development, and mining of gold properties in West Africa. The company projects are Sissingue Gold Mine, Edikan Gold Mine in Ghana, and Yaoure Gold Project.