Perseus Mining (TSE:PRU) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Perseus Mining Limited (TSE:PRU) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$5.25 and traded as high as C$5.27. Perseus Mining shares last traded at C$5.22, with a volume of 17,801 shares.

Analysts Set New Price Targets

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

Perseus Mining Stock Performance

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 company has a market capitalization of C$7.03 billion, a PE ratio of 20.09, a PEG ratio of -0.13 and a beta of 1.93. The firm’s 50-day simple moving average is C$5.22 and its 200-day simple moving average is C$5.25.

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.