Equities researchers at Fraser Mackenzie began coverage on shares of Perseus Mining Limited (ASX: PRU) in a report issued on Friday. The firm set a “strong-buy” rating and a $3.40 (3 AUD) price target on the stock.

Perseus Mining Limited traded down 1.59% on Friday, hitting A$2.480. Perseus Mining Limited has a 1-year low of A$2.120 and a 1-year high of A$3.660. The company has a market cap of A$1.136 billion and a price-to-earnings ratio of 24.00.

Separately, analysts at Dundee Securities raised their price target on shares of Perseus Mining Limited from $4.00 to $4.40 in a research note to investors on Wednesday, October 3rd. They now have a “buy” rating on the stock.

Perseus Mining Limited (Perseus) is an Australia-based company. The Company is engaged in the mineral exploration, gold project evaluation and development, mine operations and the sale of gold in the Republics of Ghana and Cote d’Ivoire, in West Africa.

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