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Perseus Mining ( (AU:PRU) ) has provided an announcement.
Perseus Mining Limited has cancelled 2,548,420 ordinary fully paid shares as part of an on-market share buy-back, effective 8 May 2026. The reduction in issued capital reflects the company’s active capital management strategy, which can enhance earnings per share and potentially support shareholder value by consolidating ownership among remaining investors.
The most recent analyst rating on (AU:PRU) stock is a Buy with a A$6.50 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.
More about Perseus Mining
Perseus Mining Limited is an Australia-based gold mining company listed on the ASX under the code PRU. The company focuses on exploration, development, and operation of gold mines, primarily in West Africa, supplying gold to global markets and investors seeking exposure to the precious metals sector.
Average Trading Volume: 4,652,209
Technical Sentiment Signal: Buy
Current Market Cap: A$7.5B
See more insights into PRU stock on TipRanks’ Stock Analysis page.