Here's a few broker reports on that "once darling...

Here's a few broker reports on that "once darling developer/producer now haemorrhaging at the seams" - could be a reasonable buy at 54c :) One man's trash, another ones' treasure.....

Credit Suisse rates PRU as Outperform (1) -

Perseus has confirmed the June quarter was weak. The cash balance as of June 30 is $35.5m, down $2.9m from March 30. Edikan has been downgraded. Production for FY14 is seen around 200,000 ounces at all-in costs of US$1,000-1,200/oz. An updated Edikan life of mine plan is expected with the September quarter result.

Credit Suisse retains an Outperform rating and $1.40 price target.

Target price is $1.40 Current Price is $0.66 Difference: $0.74

If PRU meets the Credit Suisse target it will return approximately 112% (excluding dividends, fees and charges).
The company's fiscal year ends in June. Credit Suisse forecasts a full year FY13 dividend of 0.00 cents and EPS of 6.11 cents.

At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.80.

Market Sentiment: 0.7


UBS rates PRU as Buy (1) -

June quarter production was in-line with UBS’s recently downgraded forecasts. Cash costs, on the other hand, came in well above the broker and above the received gold price of $1308/oz. On the quarterly numbers, the broker notes the company lost US$0.97/oz.

Guidance also came in well below the broker, with lower production levels due the head grade falling 29% over FY14. Based on guidance, the broker thinks the company will struggle to remain profitable and the broker sees shares being sold until there is some clarity about the life of mine plan for Edikan. Valuation keeps the call at Buy. The $1.30 price target is maintained.

Target price is $1.30 Current Price is $0.66 Difference: $0.64

If PRU meets the UBS target it will return approximately 97% (excluding dividends, fees and charges).

The company's fiscal year ends in June. UBS forecasts a full year FY13 dividend of 0.00 cents and EPS of 8.00 cents.

At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.25.

Market Sentiment: 0.7