PERSEUS MINING LIMITED (PRU)
Share Price Analysis and Chart

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

29/09/2026

3

Hold

$6.40

0.31%

Ord Minnett makes mostly minor changes to commodity price forecasts following a September quarter characterised by stronger energy, coal, precious and most base metal prices, while lithium fell -20%.

The broker remains positive on lithium longer term, lifting CY27 and CY28 price forecasts by 2% and 5%, respectively, supported by electric vehicles, energy storage and renewables demand.

Copper's recent rally is considered vulnerable to reversal, prompting a -6% CY27 price forecast cut, though longer-term fundamentals remain supportive. Aluminium price forecasts are also lowered.

Ord Minnett currently sees more attractive risk-reward across bulk commodities than base metals, particularly iron ore.

For gold stocks under coverage, the broker prefers Buy-rated Capricorn Metals for its asset quality, production growth outlook and valuation.

Unchanged Hold rating and $6.40 target for Perseus Mining.

This is a summary of research released by Ord Minnett yesterday.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 28.83 cents and EPS of 67.74 cents.
Ord Minnett forecasts a full year FY28 dividend of 30.27 cents and EPS of 44.68 cents.

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

30/08/2026

1

Buy

$7.55

18.34%

Canaccord Genuity retains a Buy rating for Perseus Mining with its target price increased to $7.55 from $7.30.

The company's FY26 EBITDA of US$861m exceeded expectations, supported by capitalised operating expenses, while net profit reached US$480m, reflecting lower depreciation and amortisation partially offset by higher tax expenses.

The analyst views the substantial capital return initiatives, including a 9c final dividend, an expanded $350m share buyback, and a special $100m cash distribution, as evidence of a strong balance sheet and positive outlook rather than a lack of growth opportunities.

Commentary notes management intends to double exploration spending in FY27 to between US$70m and US$80m. The target price increase is primarily driven by revisions to capitalised cost assumptions for the Nyanzaga project.