Perseus Mining (PRU) AI Stock Analysis

• Market Cap: AU$8.69B
• Dividend Yield: 1.32%
• Average Volume (3M): 6.39M
• Price to Earnings (P/E): 15.4
• Beta (1Y): 0.89
• Revenue Growth: 23.35%
• EPS Growth: 15.96%
• Country: AU
• Employees: 1,100
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.21
• Shares Outstanding: 1,351,230,300
• 10 Day Avg. Volume: 5,861,548
• 30 Day Avg. Volume: 6,390,236
• PEG Ratio: -0.55
• Price to Book (P/B): 1.54
• Price to Sales (P/S): 3.74
• P/FCF Ratio: 14.16
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$6.48
• Price Target Upside: 0.80% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 79 Outperform
• Price Target: AU$7.50 ▲(16.64% Upside)

Perseus Mining's strong financial performance and bullish technical indicators are the primary drivers of its stock score. The company's solid balance sheet and cash flow generation provide stability, while positive earnings call sentiment supports future growth. Valuation is reasonable, though not a standout factor.

Positive Factors

Balance sheet & liquidity

Low leverage and large cash/bullion reserves give Perseus durable financial flexibility to fund sustaining and growth capital, absorb commodity cycles, and continue shareholder returns. This liquidity supports project development and buybacks without immediate external financing risk.

Scale of production & cash generation

Near-half-million ounce annual production and strong cash margins provide predictable operating cash flows that support reinvestment, dividends and buybacks. Scale reduces per-unit fixed cost exposure and enhances resilience to localized operating disruptions over multiple years.

Exploration pipeline (Nyanzaga)

Material drilling success at Nyanzaga increases optionality to extend mine life or add new production capacity. A robust development pipeline reduces long-term reliance on existing mines and supports sustainable production profiles and value-accretive growth if resources convert to reserves.

Negative Factors

Revenue decline

A pronounced revenue drop signals structural pressure that can constrain capital allocation, reduce margins under fixed-cost structures, and force tougher trade-offs between sustaining capex, exploration and returns. Persistent declines would impair long-term growth optionality.

Permit delays / project timing

Regulatory and permitting hold-ups delay development timelines and defer production and cash flow from planned projects. Political or permitting uncertainty increases execution risk, raises financing and sustaining capex timing uncertainty, and can compress multi-year growth plans.

Rising costs at key mines

Structural cost pressures from royalties, community obligations and expanding tailings/sustaining works lift AISC and compress margins. Persistent higher unit costs reduce free cash flow per ounce and make planned growth and returns more sensitive to gold price and operational efficiency.

Perseus Mining Business Overview & Revenue Model

Company Description

Perseus Mining Limited explores, evaluates, develops, and mines for gold properties in West Africa. The company primarily holds interests in the Edikan gold mine project located in Ghana; and Sissingué and Yaoure gold projects located in Côte d'Ivoire. Perseus Mining Limited was incorporated in 2003 and is based in Subiaco, Australia.

How the Company Makes Money

Perseus Mining generates revenue primarily through the production and sale of gold. The company operates several gold mines, where it extracts gold ore, processes it, and sells the refined gold to various buyers, including bullion banks and gold traders. Key revenue streams include sales from its operating mines, with production levels impacting overall revenue. Additionally, Perseus may benefit from hedging strategies to manage gold price volatility. Partnerships with local governments and communities also facilitate operations, contributing to stable production outputs. Factors such as gold market prices, operational efficiency, and successful exploration efforts significantly influence the company's earnings.

Perseus Mining Financial Statement Overview

Summary

Perseus Mining demonstrates strong financial health with solid profitability and a stable balance sheet. The main concern is the recent revenue decline, which could affect future growth prospects. Nonetheless, the company’s low leverage and strong cash flow generation provide a buffer against potential risks.

Income Statement

Perseus Mining has shown strong profitability with a consistent gross profit margin and EBIT margin over the years. However, the recent revenue decline of 28.47% in the latest fiscal year is a concern, indicating potential challenges in maintaining growth. Despite this, the company has maintained a healthy net profit margin, suggesting effective cost management.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio, indicating low leverage and financial stability. The return on equity is robust, reflecting efficient use of shareholders' funds. The equity ratio is high, showcasing a solid capital structure with significant equity backing the assets.

Cash Flow

Perseus Mining's cash flow statement reveals a decline in free cash flow growth, which could impact future investments and operations. However, the operating cash flow remains strong relative to net income, indicating good cash generation from operations. The free cash flow to net income ratio is healthy, suggesting effective cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.45B	1.25B	685.64M	1.43B	1.13B	679.73M
Gross Profit	864.33M	740.31M	417.91M	821.31M	564.14M	303.06M
EBITDA	810.74M	726.94M	411.74M	796.51M	504.39M	273.13M
Net Income	434.36M	370.87M	494.87M	427.40M	233.59M	116.22M
Balance Sheet
Total Assets	3.77B	3.77B	2.98B	2.42B	1.99B	1.41B
Cash, Cash Equivalents and Short-Term Investments	751.83M	751.83M	804.94M	728.92M	426.85M	181.54M
Total Debt	4.17M	4.17M	4.70M	3.90M	86.54M	137.40M
Total Liabilities	270.94M	270.94M	308.55M	270.22M	346.53M	350.50M
Stockholders Equity	3.04B	3.04B	2.37B	1.92B	1.47B	1.03B
Cash Flow
Free Cash Flow	405.35M	329.54M	521.85M	448.17M	383.03M	52.53M
Operating Cash Flow	619.61M	536.66M	646.95M	648.32M	522.91M	302.02M
Investing Cash Flow	-332.82M	-211.13M	-493.04M	-200.16M	-165.70M	-249.21M
Financing Cash Flow	-212.54M	-142.17M	-68.36M	-125.79M	-113.39M	-81.35M

Perseus Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.43
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PRU, the sentiment is Positive. The current price of 6.43 is above the 20-day moving average (MA) of 5.97, above the 50-day MA of 5.66, and above the 200-day MA of 4.37, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 67.02 is Neutral, neither overbought nor oversold. The STOCH value of 73.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PRU.

Perseus Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMS	81 Outperform	AU$9.57B	12.09	28.58%	1.92%	36.34%	110.55%
PRU	79 Outperform	AU$8.69B	15.41	21.17%	1.32%	23.35%	15.96%
RRL	78 Outperform	AU$6.44B	25.25	16.68%	0.65%	30.46%	―
GMD	76 Outperform	AU$9.29B	43.03	19.70%	―	109.79%	158.18%
CMM	75 Outperform	AU$7.29B	43.28	27.56%	―	43.49%	60.31%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Perseus Mining Corporate Events

Perseus Mining Reaffirms Ore Reserve Assumptions and Flags Risks to Outlook

Perseus Mining has reaffirmed that its current production targets remain fully supported by previously published JORC-compliant ore reserves and mineral resource estimates, and that the key technical assumptions underlying these estimates for its operating mines in Ghana and Côte d’Ivoire, as well as the Nyanzaga project in Tanzania, have not materially changed. The company also highlights that its operational and financial outlook is subject to various risks and uncertainties, including gold price movements, project development parameters, regulatory approvals, and operational performance, underscoring that actual results may differ from management’s expectations and that investors should treat forward-looking information with caution.

The most recent analyst rating on (AU:PRU) stock is a Buy with a A$7.50 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.

Perseus Mining Delivers Strong Cash Generation and Project Progress Despite Higher Costs

Perseus Mining reported solid operational performance for the December 2025 quarter, producing 88,888 ounces of gold at an all-in site cost of US$1,800 per ounce and achieving an average realised gold price of US$3,437 per ounce, which delivered a robust cash margin of US$1,637 per ounce and notional operating cashflow of US$145 million. The company closed the period with cash and bullion of US$755 million and liquid listed securities of US$229 million, advanced underground development at the CMA deposit with first ore delivered in January 2026, maintained its FY26 production guidance of 400,000–440,000 ounces while lifting AISC guidance due to higher gold prices and royalty negotiations in Côte d’Ivoire, progressed the Nyanzaga project toward first production in January 2027, and strengthened its balance sheet by upsizing and refinancing its debt facility to US$400 million after an unsuccessful bid to acquire Predictive Discovery Limited.

The most recent analyst rating on (AU:PRU) stock is a Buy with a A$7.50 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.

Perseus Mining Confirms Second Fatality After Vehicle Accident Near Bagoé Mine

Perseus Mining has reported that a second employee of contractor Binkadi has died following last week’s offsite vehicle accident near the company’s Bagoé Gold Mine in Côte d’Ivoire, while other passengers sustained minor injuries and have been discharged from hospital. The company expressed condolences to the family of the deceased, is providing support to affected relatives and staff at the Sissingué complex, and continues to work with Ivorian authorities as it investigates the circumstances of the fatal incident, underscoring its focus on managing the human and operational impact of the tragedy.

The most recent analyst rating on (AU:PRU) stock is a Buy with a A$7.80 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.

Perseus Mining Reports Fatal Accident Near Bagoé Gold Mine in Côte d’Ivoire

Perseus Mining has reported the death of contractor employee Moussa Doumbia, who was fatally injured in an offsite vehicle accident near the company’s Bagoé Gold Mine, part of the Sissingué complex in Côte d’Ivoire, on 15 January 2026. The company and its haulage contractor Binkadi are providing support to the worker’s family and colleagues, and Perseus has launched an investigation into the incident in consultation with Ivorian authorities, underscoring its focus on employee welfare and regulatory engagement following the tragedy.

The most recent analyst rating on (AU:PRU) stock is a Buy with a A$7.80 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.

Perseus Mining Director Reduces Indirect Shareholding by 100,000 Shares

Perseus Mining has disclosed a change in the interests of non-executive director John Francis Gerald McGloin, who sold 100,000 ordinary fully paid shares in the company on 13 January 2026 via an on-market trade at $5.942049 per share. Following the sale, McGloin’s indirect holding, held through TD Direct Investing Nominees (Europe) Ltd, decreased from 141,400 to 41,400 shares, with the company confirming that the transaction did not occur during a closed trading period and that there were no changes to his interests in any related contracts.

The most recent analyst rating on (AU:PRU) stock is a Buy with a A$7.80 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.

Perseus Mining Sets Investor Call to Review December Quarter Results

Perseus Mining Limited will host an investor webinar and conference call on 29 January 2026 (AEDT) to discuss its December 2025 quarterly results, providing shareholders and analysts with a scheduled forum to review the company’s recent operational and financial performance. The event, accessible online and via international dial-in numbers and to be recorded for later playback on the company’s website, underscores Perseus’s ongoing emphasis on investor engagement and transparency around its quarterly reporting cycle.

The most recent analyst rating on (AU:PRU) stock is a Hold with a A$5.70 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.

Perseus Mining Upsizes and Extends Debt Facility, Boosting Liquidity to Over US$1.2bn

Perseus Mining has refinanced and upsized its syndicated revolving corporate debt facility from US$300 million to US$400 million, with an additional US$100 million accordion option and a three-year term plus options to extend for two further years. The facility, secured on materially improved pricing with a 125-basis-point margin reduction and more flexible covenants, lifts Perseus’s available liquidity to over US$1.237 billion when combined with its US$837 million net cash as at 30 September 2025. Strong demand from a consortium of eight international banks, including two new lenders, resulted in the facility being more than fully subscribed, signalling market confidence in Perseus’s asset base, credit profile and future cash flows, and positioning the company to fund its five-year growth outlook while continuing capital returns to shareholders.

The most recent analyst rating on (AU:PRU) stock is a Hold with a A$5.70 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.

Perseus Mining Upsizes and Extends Debt Facility to Bolster Liquidity

Perseus Mining has refinanced and expanded its syndicated revolving corporate loan facility from US$300 million to US$400 million, with an additional US$100 million accordion option, on improved terms and extended tenure of three years plus two one-year extension options. Supported by strong lender demand that saw the deal more than 100% oversubscribed and a 125-basis-point reduction in margin, the new facility, together with Perseus’s net cash of US$837 million as at 30 September 2025, lifts available liquidity to over US$1.237 billion, enhancing financial flexibility for general corporate purposes, funding its five-year growth plans, and sustaining dividends and share buybacks for shareholders.

The most recent analyst rating on (AU:PRU) stock is a Hold with a A$5.70 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.

Perseus Mining’s Acquisition Proposal for Predictive Discovery Superseded by Robex Merger

Perseus Mining Limited announced that its proposal to acquire Predictive Discovery Limited is no longer considered superior following a revised merger agreement between Predictive and Robex Resources Inc. This new agreement increases Predictive shareholders’ ownership in the combined entity from 51% to 53.5%. Despite this, Perseus believes its original proposal was more beneficial, as indicated by Predictive’s current trading discount. Perseus does not plan to submit a revised offer but reserves the right to do so if circumstances change.

The most recent analyst rating on (AU:PRU) stock is a Hold with a A$4.80 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.

Perseus Mining Announces Cessation of Performance Rights

Perseus Mining Limited announced the cessation of 336,520 performance rights due to the lapse of conditional rights that were not satisfied. This cessation may impact the company’s capital structure and could influence stakeholder perceptions regarding the company’s operational targets and performance metrics.

The most recent analyst rating on (AU:PRU) stock is a Hold with a A$4.80 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.

Perseus Mining Withdraws Acquisition Offer for Predictive Discovery

Perseus Mining Limited has announced the termination of its binding offer to acquire Predictive Discovery Limited. This decision follows Predictive’s acceptance of a revised proposal from Robex Resources Inc., which exercised its matching rights under an existing agreement. The termination of the acquisition bid may impact Perseus’s strategic expansion plans in the gold mining sector.

The most recent analyst rating on (AU:PRU) stock is a Buy with a A$6.65 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.

PDI and Robex Merge to Form Leading West African Gold Producer

Predictive Discovery Limited (PDI) has announced an amended arrangement agreement with Robex Resources Inc., under which PDI will acquire all outstanding shares of Robex in exchange for PDI shares. This merger will result in PDI and Robex shareholders owning 53.5% and 46.5% of the combined company, respectively. The merger is expected to create one of West Africa’s leading gold producers, enhancing scale, access to capital, and strategic relevance. The combined company is projected to produce over 400,000 ounces of gold annually by 2029, with significant mineral resources and ore reserves, positioning it for potential inclusion in major market indices.

The most recent analyst rating on (AU:PRU) stock is a Buy with a A$6.65 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.

Perseus Mining Proposes Acquisition of Predictive Discovery

Perseus Mining Limited has made a definitive binding offer to acquire all remaining shares of Predictive Discovery Limited that it does not already own, through an Australian scheme of arrangement. The offer, which values Predictive shares at a premium, is considered a ‘Superior Proposal’ by Predictive’s Board compared to a previous agreement with Robex Resources Inc. This acquisition is expected to enhance Perseus’s growth profile, diversify its operations, and unlock the potential of Predictive’s Bankan Gold Project in Guinea. The transaction is strategically aligned with Perseus’s goals to expand its African gold platform and improve its financial and operational scale.

The most recent analyst rating on (AU:PRU) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.

Predictive Discovery Receives Superior Acquisition Proposal from Perseus Mining

Predictive Discovery Limited (PDI) has received an unsolicited acquisition proposal from Perseus Mining Limited to acquire all issued ordinary shares of PDI not already owned by Perseus. The proposal offers a premium on PDI’s share price and includes a loan facility for PDI’s operational needs. The PDI Board has deemed this a ‘Superior Proposal’ compared to an existing agreement with Robex Resources Inc., triggering a matching period for Robex to respond. The proposal’s completion is uncertain, pending further developments and approvals.

The most recent analyst rating on (AU:PRU) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.

Perseus Mining Announces On-Market Share Buy-Back

Perseus Mining Limited has announced a new on-market buy-back of its ordinary fully paid shares, as per the notification dated November 25, 2025. This strategic move is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value, reflecting confidence in its financial health and future prospects.

The most recent analyst rating on (AU:PRU) stock is a Buy with a A$6.65 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.

Perseus Mining Extends Share Buy-Back Program

Perseus Mining Limited has announced an extension of its on-market share buy-back program, initially set to acquire up to A$100 million worth of shares over a twelve-month period. The extension, which will continue under the same terms until August 28, 2026, comes after the company has not yet acquired any shares since the program’s renewal in August 2025. The buy-back’s final amount and timing will depend on market conditions, share price, and future capital requirements, with no assurance that the full amount will be repurchased. Perseus reserves the right to suspend or terminate the buy-back as necessary.

The most recent analyst rating on (AU:PRU) stock is a Buy with a A$6.65 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.