Perseus Mining Limited (PRU – Research Report), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. Macquarie’s analyst Andrew Bowler reiterates their Buy rating on the shares, with an A$2.60 price target.
According to TipRanks.com, Bowler is a 4-star analyst with an average return of 9.7% and a 55.7% success rate. Bowler covers the Basic Materials sector, focusing on stocks such as Silver Lake Resources Limited, Ramelius Resources Limited, and West African Resources Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Perseus Mining Limited with a C$2.05 average price target.
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.
The company’s shares closed last Wednesday at C$1.57.
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