Citigroup Upgrades Perseus Mining (TSE:PRU) to Strong-Buy

Perseus Mining (TSE:PRU) was upgraded by equities research analysts at Citigroup from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Friday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. ATB Cormark Capital Markets raised Perseus Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 17th. UBS Group upgraded Perseus Mining from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, Perseus Mining presently has a consensus rating of “Strong Buy”.

Perseus Mining Trading Up 1.1%

Shares of PRU opened at C$5.57 on Friday. 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 has a 12-month low of C$2.86 and a 12-month high of C$6.35. The firm has a market capitalization of C$7.51 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of -0.13 and a beta of 1.82. The stock’s fifty day simple moving average is C$5.26 and its 200-day simple moving average is C$5.03.

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.