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Perseus Mining Limited (AU:PRU)
ASX:PRU

Perseus Mining (PRU) AI Stock Analysis

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AU

Perseus Mining

(Sydney:PRU)

77Outperform
Perseus Mining Limited scores well due to its solid financial performance, positive technical indicators, and attractive valuation. Earnings call highlights further strengthen the outlook with strategic growth plans and efficient operations. While facing some operational challenges, the company's robust financial health and strong industry position suggest a promising future.

Perseus Mining (PRU) vs. S&P 500 (SPY)

Perseus Mining Business Overview & Revenue Model

Company DescriptionPerseus Mining Limited (PRU) is a West African-focused gold producer with its headquarters in Subiaco, Australia. The company engages in gold mining and exploration activities, primarily operating in Ghana, Côte d'Ivoire, and other regions in West Africa. Its core products include gold and associated by-products derived from its mining operations. Perseus Mining is committed to sustainable and responsible mining practices, contributing to the economic development of the regions in which it operates.
How the Company Makes MoneyPerseus Mining Limited generates its revenue primarily through the extraction and sale of gold. The company's key revenue streams are derived from its mining operations across three major gold mines: the Edikan Gold Mine in Ghana, the Sissingué Gold Mine, and the Yaouré Gold Mine in Côte d'Ivoire. Perseus sells its gold on the open market at spot prices, gaining revenue as a direct function of gold production volume and prevailing market prices. In addition, the company may engage in hedging activities to manage price risks. Perseus relies on strategic partnerships and investments in exploration to sustain and potentially expand its mining outputs. Operational efficiencies and cost management also play critical roles in optimizing profit margins and ensuring the company's financial performance.

Perseus Mining Financial Statement Overview

Summary
Perseus Mining Limited exhibits a solid financial performance with strong profitability and growth in equity. While recent revenue has declined, operational margins remain strong. The company's balance sheet is robust, with low leverage and high equity, contributing to financial stability. Cash flow management is effective, supporting continued investment and operational efficiency.
Income Statement
65
Positive
Perseus Mining Limited's income statement shows strong revenue growth over the years, although the most recent period saw a decline in total revenue. Gross profit margin turned negative, indicating issues with cost management or pricing strategies. EBIT and EBITDA margins remain healthy, suggesting operational efficiency. The net profit margin is robust, driven by significant net income in the latest period.
Balance Sheet
75
Positive
The balance sheet displays solid equity growth, with a strong equity ratio indicating financial stability. The debt-to-equity ratio is low, reflecting conservative leverage and reduced financial risk. Return on equity is impressive, demonstrating effective use of shareholder funds. Overall, the company maintains a secure financial position with ample cash reserves.
Cash Flow
70
Positive
Cash flow analysis reveals consistent operating cash flows and a positive trend in free cash flow growth, indicating good cash management. The operating cash flow to net income ratio is favorable, suggesting efficient cash conversion. Free cash flow to net income ratio highlights effective management in converting earnings to cash, despite fluctuations in capital expenditures.
Breakdown
Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
685.64M1.43B1.13B679.73M591.24M
Gross Profit
417.91M821.31M564.14M303.06M273.84M
EBIT
308.96M567.32M273.34M171.81M113.12M
EBITDA
411.74M788.57M504.39M283.46M251.55M
Net Income Common Stockholders
494.87M427.40M233.59M87.32M94.36M
Balance SheetCash, Cash Equivalents and Short-Term Investments
804.94M728.92M426.85M181.54M218.17M
Total Assets
1.33B2.42B1.99B1.41B1.30B
Total Debt
2.15M3.90M86.54M137.40M219.46M
Net Debt
-356.72M-725.01M-340.30M-44.14M1.29M
Total Liabilities
137.56M270.22M346.53M350.50M420.16M
Stockholders Equity
2.37B1.94B1.47B1.03B866.81M
Cash FlowFree Cash Flow
461.87M448.17M383.03M52.53M-60.40M
Operating Cash Flow
646.95M648.32M522.91M302.02M212.79M
Investing Cash Flow
-493.04M-200.16M-165.70M-249.21M-269.89M
Financing Cash Flow
-68.36M-125.79M-113.39M-81.35M165.71M

Perseus Mining Technical Analysis

Technical Analysis Sentiment
Positive
Last Price3.61
Price Trends
50DMA
3.25
Positive
100DMA
2.99
Positive
200DMA
2.78
Positive
Market Momentum
MACD
0.09
Negative
RSI
64.24
Neutral
STOCH
81.59
Negative
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 3.61 is above the 20-day moving average (MA) of 3.42, above the 50-day MA of 3.25, and above the 200-day MA of 2.78, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 64.24 is Neutral, neither overbought nor oversold. The STOCH value of 81.59 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PRU.

Perseus Mining Peers Comparison

Overall Rating
UnderperformOutperform
Sector (49)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUNST
78
Outperform
$28.52B23.2911.01%2.66%25.11%28.88%
AUPRU
77
Outperform
C$4.86B8.5822.80%1.77%12.24%14.88%
AUEVN
75
Outperform
$16.97B23.3716.97%1.44%60.56%302.20%
AURRL
74
Outperform
$3.51B-0.38%29.83%93.23%
49
Neutral
$1.95B-1.21-21.28%3.72%1.18%-30.47%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:PRU
Perseus Mining
3.61
1.36
60.09%
AU:RRL
Regis Resources Limited
4.85
2.78
134.30%
AU:EVN
Evolution Mining
8.63
4.88
130.07%
AU:NST
Northern Star Resources Ltd
19.77
5.47
38.27%

Perseus Mining Earnings Call Summary

Earnings Call Date:Feb 23, 2025
(Q2-2025)
|
% Change Since: 45.56%|
Next Earnings Date:Aug 27, 2025
Earnings Call Sentiment Positive
Perseus Mining's earnings call highlighted strong operational and financial performance, with significant increases in production, improved cost efficiencies, and a solid cash position. The company is strategically investing in new projects like the CMA underground mine and Nyanzaga Gold project, which positions it well for future growth. However, there are some operational challenges, particularly with reconciliation issues at Yaoure and production decline at Sissingué. Overall, the positive developments and strong financial health outweigh the challenges.
Q2-2025 Updates
Positive Updates
Strong Gold Production and Financial Performance
Perseus Mining delivered a strong gold production result with 132,419 ounces, a 9% increase from the previous quarter. All-in site costs decreased by $74 to just over $1,100 per ounce. The average sale price increased to $2,430 per ounce, resulting in a cash margin of $1,303 per ounce, a 24% increase, and a notional cash flow of $173 million, ending with a cash balance of $704 million with no debt.
CMA Underground Mine Development
The company decided to invest in the CMA underground mine development at the Yaoure gold mine in Cote d'Ivoire. Byrnecut has been appointed as the underground mining contractor, and the project is expected to begin producing gold by April 2027.
Nyanzaga Gold Project Progress
Although progress at Nyanzaga Gold project in Tanzania was slower than expected, the project remains on track to produce first gold by January 2027. Discussions with the Tanzanian government are advancing well to clarify specific clauses in the framework agreement.
Strong Operational Performance at Edikan
Edikan mine produced nearly 50,000 ounces of gold with consistently low costs, making it one of the lower-cost operations globally. Significant exploration efforts are underway to extend mine life.
Solid Cash Position and Shareholder Returns
The company maintains a strong cash position of $704 million with no debt. An interim dividend and share buyback plan are in place, with approximately 12% of the buyback completed by the end of December.
Negative Updates
Reconciliation Issues in Yaoure
The Yaoure mine faced a grade reconciliation issue, with overestimation in tonnes but underestimation in grade, but overall contained ounces were higher than expected. Adjustments in grade control methods are underway.
Challenges at Sissingué
Production at Sissingué was down, having been impacted by a very wet season and mining marginal ore deposits. Higher costs are anticipated due to waste stripping in satellite pits.
Company Guidance
In the recent conference call, Perseus Mining reported strong operational performance for the December 2024 quarter, achieving a gold production of 132,419 ounces, which is a 9% increase from the previous quarter. The company recorded improved all-in site costs at just over US$1,100 per ounce, down US$74 from September, and benefited from a rise in average sale price by US$181 to US$2,430 per ounce. This resulted in an average cash margin of US$1,303 per ounce, a 24% increase, leading to a notable cash flow of US$173 million. By the end of the quarter, Perseus boosted its cash and bullion balance by US$61 million to US$704 million, or A$1.12 billion, maintaining a net cash position with no debt. Looking forward, Perseus is guiding production between 215,000 to 250,000 ounces for the next half year, while continuing efforts to maintain low costs and prepare for future growth projects, such as the Nyanzaga Gold project in Tanzania and the CMA underground mine development at Yaouré.

Perseus Mining Corporate Events

Perseus Mining Updates on Ongoing Buy-Back Program
May 7, 2025

Perseus Mining Limited has announced an update regarding its ongoing on-market buy-back program, with a total of 20,381 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 12,038,173 securities acquired before that day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting a proactive approach in managing its financial resources.

Perseus Mining Updates on Share Buy-Back Progress
May 5, 2025

Perseus Mining Limited has announced an update regarding its ongoing share buy-back program, with a total of 294,000 ordinary fully paid securities bought back on the previous day, bringing the total to 11,744,173. This buy-back initiative is part of the company’s strategy to enhance shareholder value and optimize its capital structure, potentially impacting its market positioning and shareholder returns.

Perseus Mining Updates on Market Buy-Back Program
May 4, 2025

Perseus Mining Limited has announced an update regarding its ongoing on-market buy-back program. As of May 4, 2025, the company has repurchased a total of 11,485,782 securities, with an additional 258,391 securities bought back on the previous day. This buy-back initiative is part of Perseus Mining’s strategy to manage its capital structure and potentially enhance shareholder value.

Perseus Mining Reaffirms Gold Production Targets and Estimates
Apr 29, 2025

Perseus Mining has reaffirmed its production targets and estimates for its various gold mining projects, including Edikan, Sissingué, Yaouré, and Nyanzaga. The company has updated its Mineral Resources and Ore Reserves, ensuring that all material assumptions remain unchanged from previous announcements. This stability in projections is crucial for maintaining stakeholder confidence and supports the company’s strategic positioning in the gold mining sector.

Perseus Mining Reports Strong Q3 Performance and Strategic Developments
Apr 29, 2025

Perseus Mining Limited reported strong operational performance for the March 2025 quarter, with a cash and bullion balance of US$801 million and zero debt. The company produced 121,605 ounces of gold at an all-in site cost of US$1,209 per ounce, maintaining its production and cost guidance for the financial year. Perseus also made significant investment decisions, including the development of the CMA Underground mining operation in Côte d’Ivoire and the Nyanzaga Gold Mine in Tanzania, which could enhance its industry positioning and stakeholder value.

Perseus Mining Limited Announces Cessation of Securities
Apr 23, 2025

Perseus Mining Limited announced the cessation of 2,692,800 ordinary fully paid securities due to an on-market buy-back as of April 23, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and reflecting its commitment to optimizing shareholder returns.

Perseus Mining Limited Updates on Share Buy-Back Program
Apr 9, 2025

Perseus Mining Limited has announced an update regarding its ongoing share buy-back program. As of April 9, 2025, the company has repurchased a total of 11,458,975 ordinary fully paid shares, including 635,000 shares bought back on the previous day. This buy-back initiative is part of Perseus Mining’s strategy to manage its capital structure and potentially enhance shareholder value.

Perseus Mining Limited Updates on Share Buy-Back Program
Apr 8, 2025

Perseus Mining Limited has announced an update regarding its ongoing share buy-back program. As of April 8, 2025, the company has repurchased a total of 10,823,975 ordinary fully paid securities, including 214,892 bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.

Perseus Mining Limited Updates on Share Buy-Back Program
Apr 7, 2025

Perseus Mining Limited has announced an update on its ongoing on-market buy-back program, with a total of 1,300,000 ordinary fully paid securities bought back on the previous day, adding to a cumulative total of 9,309,083 securities repurchased before that day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.

Perseus Mining to Host Investor Webinar on Quarterly Results
Apr 7, 2025

Perseus Mining Limited has announced an investor webinar and conference call to discuss its March 2025 quarterly results, scheduled for release on April 30, 2025. This event provides stakeholders with an opportunity to gain insights into the company’s financial performance and strategic direction, potentially impacting investor confidence and market positioning.

Perseus Mining Updates On-Market Buy-Back Program
Apr 6, 2025

Perseus Mining Limited has announced an update to its ongoing on-market buy-back program, which involves the repurchase of its ordinary fully paid securities. As of the latest update, the company has bought back a total of 8,766,175 securities, with 542,908 securities repurchased on the previous day. This buy-back initiative is part of Perseus Mining’s strategy to manage its capital structure and potentially enhance shareholder value.

Perseus Mining Sees Increase in Substantial Holder’s Voting Power
Mar 26, 2025

Perseus Mining Limited has announced a change in the interests of a substantial holder, Dimensional Entities, which has increased its voting power from 5.00% to 6.00% as of March 21, 2025. This change in voting power reflects an increased stake in the company, potentially impacting its governance and decision-making processes, and may influence investor perceptions and market dynamics.

Van Eck Reduces Stake in Perseus Mining Limited
Mar 26, 2025

Van Eck Associates Corporation has reduced its substantial holding in Perseus Mining Limited, decreasing its voting power from 8.87% to 7.56%. This change in shareholding reflects a shift in investment strategy by Van Eck, which could impact Perseus Mining’s market perception and investor relations.

Perseus Mining Updates Dividend Announcement with New Exchange Rates
Mar 18, 2025

Perseus Mining Limited has updated its previous announcement regarding a dividend distribution, incorporating new exchange rates. The dividend pertains to a six-month period ending on December 31, 2024, with relevant dates for record and ex-dividend set in March 2025. This update may influence investor expectations and the company’s financial positioning, reflecting its commitment to shareholder returns.

Perseus Mining Updates on Share Buy-Back Progress
Mar 11, 2025

Perseus Mining Limited has announced an update regarding its ongoing share buy-back program. As of March 12, 2025, the company has bought back a total of 7,669,928 ordinary fully paid securities, including 1,000,000 shares acquired on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.

Perseus Mining Updates on Share Buy-Back Program
Mar 10, 2025

Perseus Mining Limited has announced an update regarding its ongoing on-market buy-back program. As of March 10, 2025, the company has repurchased a total of 6,475,036 ordinary fully paid securities, with an additional 194,892 securities bought back on the previous day. This buy-back initiative is part of Perseus Mining’s strategy to enhance shareholder value and optimize its capital structure.

Perseus Mining Limited Updates on Share Buy-Back Program
Mar 9, 2025

Perseus Mining Limited has announced an update on its ongoing share buy-back program. As of March 8, 2025, the company has repurchased a total of 6,475,036 ordinary fully paid securities, including 23,483 shares bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.

Perseus Mining Updates on Share Buy-Back Program
Mar 5, 2025

Perseus Mining Limited has announced an update regarding its ongoing on-market buy-back program. As of March 5, 2025, the company has repurchased a total of 6,451,553 ordinary fully paid securities, including 22,877 securities bought back the previous day. This buy-back initiative is part of Perseus Mining’s strategy to enhance shareholder value and optimize its capital structure.

Perseus Mining Limited Updates on Share Buy-Back Program
Mar 4, 2025

Perseus Mining Limited has announced an update regarding its ongoing share buy-back program. As of March 4, 2025, the company has repurchased a total of 6,164,200 ordinary fully paid securities, with an additional 264,476 securities bought back on the previous day. This buy-back initiative is part of Perseus Mining’s strategy to optimize its capital structure and enhance shareholder value, reflecting the company’s confidence in its financial position and future prospects.

Perseus Mining Limited Updates on Share Buy-Back Program
Mar 3, 2025

Perseus Mining Limited has announced an update regarding its ongoing share buy-back program. As of March 3, 2025, the company has repurchased a total of 6,164,200 ordinary fully paid securities, including 99,724 securities bought back on the previous day. This buy-back initiative is part of Perseus Mining’s strategy to optimize its capital structure and potentially enhance shareholder value.

Perseus Mining Director Increases Shareholding
Feb 28, 2025

Perseus Mining Limited announced a change in the director’s interest, with Richard Peter Menell acquiring 35,000 ordinary fully paid shares through an on-market purchase. This acquisition reflects a potential increase in confidence in the company’s future prospects and may have implications for its governance and stakeholder relations.

Perseus Mining Updates on Share Buy-Back Progress
Feb 26, 2025

Perseus Mining Limited has announced an update regarding its ongoing share buy-back program, with a total of 312,024 ordinary fully paid securities bought back on the previous day, adding to a cumulative total of 4,732,452 securities. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.

Perseus Mining Updates on Share Buy-Back Progress
Feb 25, 2025

Perseus Mining Limited has announced an update regarding its ongoing share buy-back program. As of February 25, 2025, the company has repurchased a total of 4,732,452 ordinary fully paid securities. This buy-back initiative is part of Perseus Mining’s strategy to optimize its capital structure and deliver value to shareholders, potentially impacting the company’s stock performance and market perception.

Perseus Mining Reports 22% Increase in Half-Year Profit to US$201M
Feb 23, 2025

Perseus Mining Limited reported a 22% increase in profit after tax to US$201 million for the six months ending December 31, 2024. The company demonstrated strong financial performance, with revenue up 19% to US$581.8 million, an EBITDA rise of 26% to US$352.7 million, and a 17% increase in operating cash flow to US$248 million. Perseus maintained robust production levels, overcoming inflationary pressures with effective hedging strategies and benefitting from higher gold prices. The company continues to enhance its operational efficiency and financial position by increasing its interim dividend by 100% from the previous year, reflecting its commitment to delivering value to stakeholders.

Perseus Mining Limited Releases Interim Financial Report for December 2024
Feb 23, 2025

Perseus Mining Limited released its interim financial report for the half year ending December 31, 2024, in compliance with ASX listing rules. The report includes a review of operations, auditor’s independence declaration, and consolidated financial statements. This release provides stakeholders with key financial insights and operational reviews, potentially impacting future company strategies and investor decisions.

Perseus Mining Adjusts Stake in Predictive Discovery
Feb 19, 2025

Perseus Mining Limited has reported a change in its substantial holding in Predictive Discovery Limited due to a decrease in voting power from 19.86% to 17.87%. This change is attributed to dilution caused by a private placement by Predictive Discovery Limited, impacting Perseus’ interest in the company. Such adjustments in holdings can influence Perseus’s strategic positioning and its influence within Predictive Discovery, potentially affecting stakeholder interests.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.