Update shared on27 Aug 2025
Fair value Increased 2.42%The consensus analyst price target for Perseus Mining has increased to A$4.08, primarily reflecting a notable expansion in the company’s Future P/E multiple, while revenue growth expectations remain stable.
What's in the News
- Perseus Mining advanced development of its 80%-owned Nyanzaga Gold Project in Tanzania, with formal agreements signed and drilling yielding strong results to support a proposed open pit mining scenario.
- Updated Mineral Resources and Ore Reserves showed Measured & Indicated Resources at 7.8 Moz gold and Proved & Probable Reserves at 5.0 Moz gold, both reflecting significant increases year-on-year.
- Jeff Quartermaine, long-serving MD & CEO, announced his retirement effective end of September 2025, with Craig Jones (ex-Newcrest COO) named as successor.
- FY2025 gold production was 496,551 ounces; guidance for FY2026 is 400,000–440,000 ounces, with outlook for FY2027 at 450,000–470,000 ounces.
- Perseus completed the repurchase of 22.99 million shares (1.67% of shares outstanding) under its buyback and was added to the S&P/ASX 100 Index.
Valuation Changes
Summary of Valuation Changes for Perseus Mining
- The Consensus Analyst Price Target has risen slightly from A$3.99 to A$4.08.
- The Future P/E for Perseus Mining has significantly risen from 10.81x to 17.33x.
- The Consensus Revenue Growth forecasts for Perseus Mining remained effectively unchanged, moving only marginally from 16.0% per annum to 15.9% per annum.
Disclaimer
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