Perseus Mining (TSE:PRU) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Perseus Mining Limited (TSE:PRU) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.12 and traded as high as C$5.36. Perseus Mining shares last traded at C$5.28, with a volume of 13,678 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PRU shares. UBS Group upgraded Perseus Mining from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. ATB Cormark Capital Markets upgraded Perseus Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 17th. Finally, Citigroup upgraded Perseus Mining from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Perseus Mining Price Performance

The business has a fifty day moving average of C$5.27 and a 200-day moving average of C$5.13. The firm has a market cap of C$7.12 billion, a PE ratio of 20.32, a PEG ratio of -0.13 and a beta of 1.82. The company has a current ratio of 5.23, a quick ratio of 2.66 and a debt-to-equity ratio of 0.19.

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.