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Perseus Mining Limited (AU:PRU)
ASX:PRU

Perseus Mining (PRU) AI Stock Analysis

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AU:PRU

Perseus Mining

(Sydney:PRU)

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Outperform 79 (OpenAI - 4o)
Rating:79Outperform
Price Target:
AU$6.50
▲(19.49% 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
Strong Financial Performance
The company's ability to maintain strong cash margins and increase net cash and bullion despite significant expenditures indicates robust financial health and effective cost management, supporting long-term sustainability.
Exploration Success
Successful exploration at Nyanzaga with potential for resource expansion strengthens Perseus Mining's future production capabilities and long-term growth prospects, enhancing its competitive position in the gold industry.
Sustainability and Safety Achievements
Achieving a low TRIFR and high local employment underscores Perseus Mining's commitment to sustainability and safety, which can enhance its reputation and operational stability over the long term.
Negative Factors
Operational Challenges at Sissingue
Operational challenges at Sissingue, including higher costs, could impact profitability and require strategic adjustments, potentially affecting the company's overall performance if not addressed.
Delay in CMA Underground Project
Delays in the CMA underground project can hinder production timelines and revenue growth, posing a risk to Perseus Mining's expansion plans and highlighting regulatory challenges in the region.
Cost Increases at Yaoure and Edikan
Rising costs at Yaoure and Edikan could pressure margins and profitability, necessitating cost management strategies to maintain financial performance and shareholder value.

Perseus Mining (PRU) vs. iShares MSCI Australia ETF (EWA)

Perseus Mining Business Overview & Revenue Model

Company DescriptionPerseus 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 MoneyPerseus 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 Earnings Call Summary

Earnings Call Date:Aug 28, 2025
(Q4-2025)
|
% Change Since: |
Next Earnings Date:Feb 25, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted Perseus Mining's strong financial performance, successful exploration at Nyanzaga, and effective capital management. However, operational challenges at Sissingue, delays in the CMA underground project, and cost increases at Yaoure and Edikan presented notable challenges. Overall, the company remains optimistic about its future prospects.
Q4-2025 Updates
Positive Updates
Strong Financial Performance
Perseus Mining delivered strong group gold production with a cash margin of USD 1,560 per ounce, up $307 an ounce, and notional cash flow of USD 189 million. The company's net cash and bullion increased to $827 million, up $26 million despite significant expenditures.
Exploration Success at Nyanzaga
Excellent drilling results from the Nyanzaga project in Tanzania were reported, with significant potential for resource expansion, including mineralization extending at depth.
Successful Capital Management
Perseus returned AUD 107 million to shareholders via dividends and share buybacks. The company's share buyback program progressed to 73% completion, and future returns will be discussed in the upcoming Board meeting.
Low Hedge Position
The committed hedge position of the group was reduced from 24% to 16% of the forecast 3-year production, providing downside protection while retaining upside opportunities.
Sustainability and Safety Achievements
Perseus reported a TRIFR of 0.6 for fiscal '25, the best result to date, alongside significant contributions to host countries, with 83% local procurement and 94% local employment.
Negative Updates
Operational Challenges at Sissingue
Sissingue faced a troubled quarter with production slightly higher but costs not at desired levels. The transition to the Bagoe pit is expected to improve performance in the next 12 months.
Delay in CMA Underground Project
Awaiting a presidential decree to begin mining at the CMA underground project caused a delay, impacting the start of portal construction.
Cost Increases at Yaoure and Edikan
Both mines experienced increased all-in sustaining costs due to royalties, community compensation, and sustaining capital expenditures, including tailings expansion.
Company Guidance
During the Perseus Mining investor webinar, a comprehensive overview of the company's performance and future outlook was provided. The company reported solid operating results for the fiscal year ending June 30, 2025, with a gold production of 121,237 ounces for the quarter, maintaining strong group production levels. The all-in site cost increased slightly to $1,417 per ounce, while the average gold price surged by $515 to $2,977 per ounce, boosting cash margins to $1,560 per ounce and notional cash flow to USD 189 million. Perseus ended the quarter with net cash and bullion totaling $827 million, representing a $26 million increase despite substantial capital expenditures. For the fiscal year, gold production was 496,551 ounces, and the all-in site cost was $1,235 per ounce, with an average gold price of $2,543 per ounce. The company aims to maintain its growth trajectory, with guidance for the next year set at 400,000 to 440,000 ounces at an all-in site cost of $1,460 to $1,620. Perseus is actively pursuing exploration and expansion projects, including the Nyanzaga project in Tanzania, and remains committed to delivering shareholder value through dividends and share buybacks.

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
75
Positive
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
80
Positive
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
70
Positive
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.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.45B1.25B685.64M1.43B1.13B679.73M
Gross Profit864.33M740.31M417.91M821.31M564.14M303.06M
EBITDA810.74M726.94M411.74M796.51M504.39M273.13M
Net Income434.36M370.87M494.87M427.40M233.59M116.22M
Balance Sheet
Total Assets3.77B3.77B2.98B2.42B1.99B1.41B
Cash, Cash Equivalents and Short-Term Investments751.83M751.83M804.94M728.92M426.85M181.54M
Total Debt4.17M4.17M4.70M3.90M86.54M137.40M
Total Liabilities270.94M270.94M308.55M270.22M346.53M350.50M
Stockholders Equity3.04B3.04B2.37B1.92B1.47B1.03B
Cash Flow
Free Cash Flow405.35M329.54M521.85M448.17M383.03M52.53M
Operating Cash Flow619.61M536.66M646.95M648.32M522.91M302.02M
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 Price5.44
Price Trends
50DMA
5.10
Positive
100DMA
4.53
Positive
200DMA
3.97
Positive
Market Momentum
MACD
0.08
Positive
RSI
55.87
Neutral
STOCH
26.58
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 5.44 is above the 20-day moving average (MA) of 5.40, above the 50-day MA of 5.10, and above the 200-day MA of 3.97, indicating a bullish trend. The MACD of 0.08 indicates Positive momentum. The RSI at 55.87 is Neutral, neither overbought nor oversold. The STOCH value of 26.58 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

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
16.83%24.12%46.42%99.69%
79
Outperform
C$7.32B12.9921.17%1.38%23.35%15.96%
78
Outperform
$5.66B22.1916.68%0.67%30.46%
76
Outperform
$7.66B9.6828.58%2.01%36.34%110.55%
76
Outperform
AU$7.28B32.5519.70%109.79%158.18%
75
Outperform
AU$5.61B35.0627.56%43.49%60.31%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:PRU
Perseus Mining
5.44
2.82
107.95%
AU:GOR
Gold Road Resources Ltd
3.48
1.41
68.36%
AU:RRL
Regis Resources Limited
7.47
4.82
181.57%
AU:RMS
Ramelius Resources Limited
3.98
1.82
84.34%
AU:GMD
Genesis Minerals Limited
6.90
4.29
164.37%
AU:CMM
Capricorn Metals Ltd
14.15
7.43
110.57%

Perseus Mining Corporate Events

Perseus Mining Proposes Acquisition of Predictive Discovery
Dec 3, 2025

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.

Predictive Discovery Receives Superior Acquisition Proposal from Perseus Mining
Dec 3, 2025

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.

Perseus Mining Announces On-Market Share Buy-Back
Nov 25, 2025

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.

Perseus Mining Extends Share Buy-Back Program
Nov 25, 2025

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.

Perseus Mining Reaffirms Production Targets and Ore Reserves
Oct 26, 2025

Perseus Mining has reaffirmed the estimates and assumptions underpinning its production targets and financial forecasts, as previously announced in August 2025. The company continues to rely on its established Ore Reserves, which have been prepared in line with the JORC Code by competent persons. This announcement indicates stability in Perseus Mining’s operations and its commitment to maintaining current production levels across its projects, which is crucial for stakeholders and market confidence.

Perseus Mining Reports Strong Q1 FY26 Performance and Strategic Developments
Oct 26, 2025

Perseus Mining reported a robust operational performance for the September 2025 quarter, producing 99,953 ounces of gold with an average cash margin of US$1,612 per ounce. The company’s cash and bullion balance reached US$837 million, and it renewed its share buyback program with an investment of up to A$100 million. The development of the CMA Underground at Yaouré and the Nyanzaga project is progressing, with the latter expected to start production in March 2027. Jeff Quartermaine retired as Managing Director and CEO, with Craig Jones taking over the role.

Perseus Mining Announces 2025 Annual General Meeting and Key Resolutions
Oct 10, 2025

Perseus Mining Limited has announced its Annual General Meeting of Shareholders, scheduled for November 20, 2025, in Perth, Western Australia. The meeting will cover the financial report for the year ended June 30, 2024, and include resolutions on the adoption of the remuneration report and the re-election of directors Rick Menell and John McGloin. These resolutions are significant for the company’s governance and strategic direction, impacting shareholder interests and the company’s alignment with industry standards.

Perseus Mining Director Alters Shareholding
Oct 9, 2025

Perseus Mining Limited has announced a change in the director’s interest, specifically involving Elissa Sarah Cornelius. The company reported that Elissa Cornelius has disposed of a significant portion of her shares, reducing her total holdings from 300,000 to 70,000 shares through an on-market sale. This move may have implications for the company’s stock market activities and could be of interest to stakeholders monitoring insider trading activities.

Perseus Mining to Host Investor Webinar on Quarterly Results
Oct 6, 2025

Perseus Mining Limited announced it will host an investor webinar and conference call to discuss its September 2025 Quarterly Results. The event is scheduled for October 27, 2025, and will be accessible to stakeholders across multiple time zones. This initiative reflects Perseus Mining’s commitment to transparency and engagement with its investors, potentially impacting its market perception and investor relations positively.

Perseus Mining Director Reduces Shareholding
Oct 1, 2025

Perseus Mining Limited announced a change in the interests of its director, John Francis Gerald McGloin, who sold 500,000 ordinary fully paid shares at $4.8167 per share. This transaction, conducted through an on-market sale, leaves McGloin with 141,400 shares. The sale may impact the company’s market perception and investor confidence, as director share transactions often signal insider sentiment about the company’s future prospects.

Perseus Mining Announces New Director Appointment
Oct 1, 2025

Perseus Mining Limited has announced the appointment of Craig Antony Jones as a director, effective October 1, 2025. The initial director’s interest notice reveals that Jones currently holds no relevant interests in securities, indicating a fresh start in his role without prior financial entanglements in the company. This appointment could influence the company’s strategic direction and stakeholder relations, given Jones’s potential contributions to the board.

Perseus Mining Announces Director Departure and Securities Interests
Oct 1, 2025

Perseus Mining Limited announced the cessation of Jeffrey Allan Quartermaine as a director, effective September 30, 2025. The notice details Quartermaine’s interests in the company’s securities, including 1,876,396 ordinary fully paid shares and 200,000 shares held through the Quartermaine Superannuation Fund. Additionally, he holds 1,539,730 performance rights, which can convert to ordinary shares based on the company’s total shareholder return compared to a peer group. This change in directorship may impact the company’s strategic direction and stakeholder relations.

Perseus Mining Appoints New CEO Amid Leadership Transition
Sep 30, 2025

Perseus Mining Limited has announced the appointment of Mr. Craig Jones as the new Managing Director and Chief Executive Officer, effective October 1, 2025. This leadership change follows the retirement of the former CEO, Mr. Jeff Quartermaine, and is part of a planned transition period. The appointment is expected to bring continuity and strategic direction to the company, potentially impacting its operations and market positioning positively.

Perseus Mining Updates Dividend Distribution Details
Sep 18, 2025

Perseus Mining Limited has announced an update to its previous dividend distribution announcement, specifically adding exchange rates to the details. The dividend relates to a six-month period ending on June 30, 2025, with the record date set for September 10, 2025. This update may impact stakeholders by providing clarity on the financial implications of the dividend distribution, potentially affecting investor decisions and market perceptions.

Perseus Mining Updates On-Market Buy-Back Details
Sep 18, 2025

Perseus Mining Limited has announced an update to its on-market buy-back program for its ordinary fully paid securities, with broker details now completed. This buy-back initiative is part of the company’s strategic financial management, potentially impacting its stock liquidity and shareholder value.

Perseus Mining Confirms Stability in Resource Estimates
Sep 12, 2025

Perseus Mining has updated its Mineral Resources and Ore Reserves estimates for its key projects, confirming that all material assumptions remain unchanged. This announcement underscores the company’s stable operational outlook and reinforces its position in the gold mining industry, providing assurance to stakeholders about the continuity and reliability of its resource estimates.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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.Date of analysis: Nov 28, 2025