UBS

PRU - PERSEUS MINING LIMITED

UBS rates PRU as Upgrade to Buy from Neutral (1) - UBS believes the company may have turned the corner and upgrades to Buy from Neutral. Operating consistency is now being achieved at Edikan, Sissingue is being delivered on time and on budget and the outlook is de-risking.

As the company is offering growth through a third development at Yaoure UBS believes the market could eventually re-rate the stock and potentially capture a gold premium. Target is raised to $0.55 from $0.33.
Target price is $0.55 Current Price is $0.46 Difference: $0.09 If PRU meets the UBS target it will return approximately 20% (excluding dividends, fees and charges). Current consensus price target is $0.55, suggesting upside of 19.1%(ex-dividends)The company's fiscal year ends in June.
Forecast for FY18:
UBS forecasts a full year FY18 dividend of 0.00 cents and EPS of 0.00 cents .How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 1.1, implying annual growth of N/A.Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.Current consensus EPS estimate suggests the PER is 41.8.Forecast for FY19:
UBS forecasts a full year FY19 dividend of 0.00 cents and EPS of 0.00 cents .How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 4.0, implying annual growth of 263.6%.Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.Current consensus EPS estimate suggests the PER is 11.5.
Market Sentiment: 0.8All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources