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0.37%

$2.68 perseus mining limited

AFR Stock Watch feature on PRU, page-3

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sachinsyd

1,285 Posts.

5

09/04/18

12:26

Post #: 32316712
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Originally posted by JRL ↑

What moved the market
Stock watch - Perseus Mining
Gold producer Perseus Mining may have turned the corner and achieved operational consistency at its Edikan gold mine, according to UBS, which upgraded the stock's rating from "neutral" to "buy." The broker lifted Perseus's target price by 67 per cent to 55c reflecting the company's turnaround in performance. The successful on time delivery and on budget delivery of its second mine at Sissingue sees less risk in its outlook. With Perseus now holding two active mines in Africa, the broker is predicting strong growth in revenues if it can successfully manage both mines. UBS says that if Perseus can achieve operational consistency, investors might pay up early for a third mine at Yaoure

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67c looks reasonable as that is 2016 triple top before it plunged. So expect lot of supply there from all the buyers. 1.10 still a target but perhaps 12 months at least. Depending on A$gold price

PRU Price at posting: 48.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last $2.68		Change -0.010(0.37%)		Mkt cap ! $2.265B

Open	High	Low	Value	Volume
$2.61	$2.70	$2.61	$11.46M	4.290M

Buyers (Bids)

No.	Vol.	Price($)
4	111469	$2.67

Sellers (Offers)

Price($)	Vol.	No.
$2.68	67593	5

View Market Depth

No.	Vol.	Price($)
2	33681	0.500
3	87208	0.495
2	56480	0.490
7	146398	0.485
8	213601	0.480

Price($)	Vol.	No.
0.505	47724	3
0.510	233926	9
0.515	106362	5
0.520	145490	7
0.525	89084	4

Last trade - 16.10pm 18/12/2024 (20 minute delay)

PRU (ASX) Chart