Perseus Mining (TSE:PRU) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Perseus Mining Limited (TSE:PRU) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.26 and traded as low as C$4.75. Perseus Mining shares last traded at C$4.78, with a volume of 15,076 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. 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. Citigroup upgraded shares of Perseus Mining from a “hold” rating to a “strong-buy” rating in a report on Friday, April 10th. Two equities research 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, Perseus Mining presently has a consensus rating of “Strong Buy”.

Perseus Mining Trading Down 4.2%

The business’s fifty day moving average is C$5.18 and its 200-day moving average is C$5.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.66 and a current ratio of 5.23. The firm has a market cap of C$6.40 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of -0.13 and a beta of 1.72.

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.