Perseus Mining (TSE:PRU) Shares Cross Below 200-Day Moving Average – What’s Next?

Perseus Mining Limited (TSE:PRU) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$5.24 and traded as low as C$4.56. Perseus Mining shares last traded at C$4.64, with a volume of 3,472 shares.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of Perseus Mining from a “hold” rating to a “strong-buy” rating in a report 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, Perseus Mining has a consensus rating of “Strong Buy”.

Perseus Mining Trading Down 3.4%

The company has a fifty day moving average of C$5.03 and a two-hundred day moving average of C$5.24. The company has a current ratio of 5.23, a quick ratio of 2.66 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of C$5.95 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of -0.13 and a beta of 1.81.

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.