ATB Cormark Capital Markets Upgrades Perseus Mining (TSE:PRU) to “Moderate Buy”

Perseus Mining (TSE:PRU) was upgraded by investment analysts at ATB Cormark Capital Markets from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, UBS Group raised shares of Perseus Mining from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 20th. One research analyst has 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 has a consensus rating of “Strong Buy”.

Perseus Mining Price Performance

Shares of PRU stock opened at C$4.77 on Tuesday. The business’s fifty day moving average is C$5.50 and its 200 day moving average is C$4.90. The company has a quick ratio of 2.66, a current ratio of 5.23 and a debt-to-equity ratio of 0.19. The stock has a market cap of C$6.43 billion, a price-to-earnings ratio of 18.36, a PEG ratio of -0.13 and a beta of 1.65. Perseus Mining has a twelve month low of C$2.57 and a twelve month high of C$6.35.

About Perseus Mining

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.