Perseus Mining (TSE:PRU) Cut to Hold at UBS Group

Perseus Mining (TSE:PRU) was downgraded by stock analysts at UBS Group from a “strong-buy” rating to a “hold” rating in a research report issued on Sunday,Zacks.com reports.

Perseus Mining Trading Up 3.1%

TSE:PRU opened at C$5.39 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.64 and a quick ratio of 2.66. Perseus Mining has a 12 month low of C$2.47 and a 12 month high of C$6.35. The firm has a market capitalization of C$7.28 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of -0.13 and a beta of 1.62. The business’s 50-day moving average is C$5.28 and its two-hundred day moving average is C$4.42.

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.