Got this in an email today....Mon, 15 Apr at 9:20 am
Monday, 15 April 2024PRU - PERSEUS MINING LIMITED
Macquarie rates PRU as Outperform (1) - With Perseus Mining now approaching completion of its OreCorp ((ORR)) acquisition, Macquarie has accounted for the purchase in its outlook.
Based on Perseus Mining's offer, the broker prescribes OreCorp a value of $270m. Its key asset, the Nyanzaga gold project, is aiming for production of 242,000 ounces per year over its ten year mine life, as per its most recent definitive feasibility study.
Macquarie assumes first gold from the project towards the end of 2026.
The Outperform rating and target price of $2.70 are retained.
Target price is $2.70 Current Price is $2.35 Difference: $0.35 If PRU meets the Macquarie target it will return approximately 15% (excluding dividends, fees and charges). The company's fiscal year ends in June.
Forecast for FY24:
Macquarie forecasts a full year FY24 dividend of 4.41 cents and EPS of 26.62 cents . At the last closing share price the estimated dividend yield is 1.88%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.83.
Forecast for FY25:
Macquarie forecasts a full year FY25 dividend of 6.69 cents and EPS of 32.86 cents . At the last closing share price the estimated dividend yield is 2.85%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.15.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.Market Sentiment: 0.3All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Got this in an email today....Mon, 15 Apr at 9:20 amMonday, 15...
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Last
$2.18 |
Change
-0.130(5.63%) |
Mkt cap ! $2.994B | |||
| Open | High | Low | Value | Volume |
| $2.18 | $2.21 | $2.15 | $9.720M | 4.455M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | $2.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.19 | 85947 | 4 |
View Market Depth
| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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Last
$2.18 |
Change
-0.130 ( 5.64 %) |
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| Open | High | Low | Volume | ||
| $2.16 | $2.21 | $2.15 | 791921 | ||
| Last updated 15.59pm 01/05/2024 ? | |||||
| PRU (ASX) Chart |