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

UBS Group lowered shares of Perseus Mining (TSE:PRU) from a strong-buy rating to a hold rating in a research note published on Sunday morning,Zacks.com reports.

Perseus Mining Trading Up 3.1%

Shares of TSE:PRU opened at C$5.39 on Friday. The company has a market capitalization of C$7.28 billion, a P/E ratio of 20.08, a P/E/G ratio of -0.13 and a beta of 1.62. The business’s 50 day simple moving average is C$5.28 and its 200 day simple moving average is C$4.42. Perseus Mining has a 1 year low of C$2.47 and a 1 year high of C$6.35. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.64 and a quick ratio of 2.66.

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.