Perseus Mining Limited

ASX:PRU Stock Report

Market Cap: AU$8.5b

Perseus Mining Future Growth

Future criteria checks 3/6

Perseus Mining is forecast to grow earnings and revenue by 9.8% and 10.2% per annum respectively. EPS is expected to grow by 8.9% per annum. Return on equity is forecast to be 24.2% in 3 years.

Key information

9.8%

Earnings growth rate

8.92%

EPS growth rate

Metals and Mining earnings growth12.2%
Revenue growth rate10.2%
Future return on equity24.17%
Analyst coverage

Good

Last updated08 Sep 2026

Recent future growth updates

Analysis Article • Aug 28

Perseus Mining Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

It's been a pretty great week for Perseus Mining Limited ( ASX:PRU ) shareholders, with its shares surging 10% to...

Recent updates

Narrative Update • Sep 08

PRU: Expanded Reserves And Buyback Will Support Fairly Valued Outlook

Analysts have lifted their price target for Perseus Mining to A$6.47 from A$5.99, reflecting updated assumptions that combine a lower future P/E of 8.79x with a higher profit margin estimate of 32.70% and a revenue growth outlook of 20.85%. What’s in the News for Perseus Mining Perseus Mining reported updated mineral resource and ore reserve estimates as of June 30, 2026.
Analysis Article • Aug 28

Perseus Mining Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

It's been a pretty great week for Perseus Mining Limited ( ASX:PRU ) shareholders, with its shares surging 10% to...
Narrative Update • Aug 25

PRU: Buyback Expansion Will Likely Limit Upside Despite Solid Production Guidance

Analysts have lifted their fair value estimate for Perseus Mining from A$3.00 to about A$3.34, reflecting updated assumptions around the discount rate, profit margin and future P/E, while keeping revenue growth expectations broadly similar. What's in the News for Perseus Mining Perseus Mining reported operating results for the quarter, half year and full year to 30 June 2026, with gold recovered of 109,013 ounces for the quarter, 216,157 ounces for the half year and 404,998 ounces for the 2026 financial year.
Narrative Update • Aug 11

PRU: Strong Operations And Buyback Will Support Fairly Valued Outlook

Analysts have adjusted their price target on Perseus Mining to A$5.99 from A$6.47, reflecting updated assumptions for slightly lower revenue growth, softer profit margins and a higher future P/E multiple. What’s in the News for Perseus Mining Perseus Mining reported a June 2026 quarter update with what the company described as strong operational performance and cash and bullion of more than US$1b.
Narrative Update • Jul 28

PRU: Yaoure Expansion And Buyback Plans Will Likely Cap Future Upside

Analysts have reduced their price target for Perseus Mining to A$3.00 from about A$3.21, citing updated assumptions for revenue growth, profit margins, the discount rate and future P/E multiples. What’s in the News for Perseus Mining Perseus Mining is pursuing organic growth at the Yaouré Gold Project in Côte d'Ivoire, with ongoing resource definition drilling and deposit reconciliation work.
Narrative Update • Jul 14

PRU: Lower Margins And West Africa Risks Will Likely Cap Future Upside

Analysts have trimmed their price target for Perseus Mining to A$3.21 from A$3.50, citing a lower fair value estimate and reduced profit margin assumptions, partly offset by revised expectations for revenue growth and future P/E. What's in the News for Perseus Mining Perseus Mining continues to run a multi mine gold portfolio in Ghana and Côte d’Ivoire, with management focused on cost discipline and operational continuity in regions affected by market and geopolitical challenges.
Narrative Update • Jun 30

PRU: Capital Returns And Nyanzaga Execution Risk Will Likely Limit Future Upside

Analysts have trimmed their price target for Perseus Mining to A$3.50 from A$3.68, citing updated assumptions that include a higher discount rate, slightly stronger revenue growth expectations, a lower projected profit margin and a higher future P/E multiple. What’s in the News for Perseus Mining Perseus Mining reported net profit of US$185.5 million for the first half of FY2026, supported an A$100 million share buyback and doubled its interim dividend while remaining debt free, according to recent ASX materials sector coverage.
Analysis Article • Jun 17

Perseus Mining (ASX:PRU) Shares Could Be 13% Undervalued After Buyback Expansion

Perseus Mining (ASX:PRU) has lifted its on-market share buyback authorisation by A$50 million to A$150 million, a move that signals the board’s confidence in the balance sheet and free cash flow. See our latest analysis for Perseus Mining. The share price reaction to the expanded buyback has come on top of already strong performance, with a 7 day share price return of 20.56% and a 90 day share price return of 18.28%. Perseus Mining’s 1 year and 5 year total shareholder returns of 55.30% and...
New Narrative • Jun 17

Mega IPO Liquidity Cycles and Temporary Mispricing in Defensive Assets – A Perseus Mining Case Study

The recent SpaceX IPO has been a spectacular market event. What was already an eye-watering valuation at issuance increased dramatically almost immediately after public trading began, further reinforcing investor appetite for high-growth speculative opportunities.
Narrative Update • Jun 15

PRU: Expanded Buyback And New Underground Mine Will Support Future Upside

Analysts have modestly trimmed their fair value estimate for Perseus Mining to A$6.47 from A$6.54, while highlighting ATB Capital's recent upgrade to Outperform with a A$6.70 price target as support for a slightly higher valuation view on the stock. What's in the News Perseus Mining expanded its on-market share buyback program from A$100 million to A$150 million after completing the initial A$100 million tranche, repurchasing more than 19 million shares since August 2025, according to recent news reports.
Narrative Update • Jun 01

PRU: Cost Discipline And New Underground Mine Will Support Future Upside

Analysts have nudged their price target for Perseus Mining higher to A$6.54, supported by updated assumptions on revenue growth, profit margins and future P/E, as well as a recent A$6.70 target and rating upgrade to Outperform in Street research. What's in the News Perseus Mining completed the first underground production blast at the CMA Underground project at the Yaouré Gold Mine in Côte d’Ivoire, with excavation of the first production ore starting immediately.
Narrative Update • May 18

PRU: Underground Ramp Up And Outperformance Rating Will Support Future Upside

Analysts have modestly lifted their A$6.70 price target on Perseus Mining as they refresh assumptions around discount rates, revenue growth and future P/E multiples, and factor in the recent upgrade to Outperform from Sector Perform. Analyst Commentary Analysts pointing to the refreshed A$6.70 price target and the recent upgrade to Outperform see this as a reassessment of Perseus Mining’s risk and reward profile, rather than a short term call.
Narrative Update • Apr 28

PRU: Higher Payout And Stronger Guidance Will Support Future Upside

Analysts have raised their average price target on Perseus Mining to A$6.70, supported by more positive ratings and updated views on revenue growth, profit margins and forward P/E assumptions. Analyst Commentary Recent research points to a more constructive stance on Perseus Mining, with bullish analysts aligning around a A$6.70 price target and more confident assumptions on revenue, margins and forward P/E.
Narrative Update • Apr 14

PRU: Higher Fair Value And Dividend Payout Will Support Future Upside

Analysts have lifted the fair value estimate for Perseus Mining from A$7.55 to A$8.80, reflecting updates to revenue growth, discount rate and future P/E assumptions following recent mixed research views on the stock. Analyst Commentary Recent Street research on Perseus Mining has been mixed, but some bullish analysts have highlighted upside potential that they argue is not fully reflected in prior valuation work.
Narrative Update • Mar 31

PRU: Execution Risks Will Likely Restrain Upside Despite Higher Margin Outlook

Analysts have lifted their fair value estimate for Perseus Mining from about A$3.41 to around A$3.68. This reflects updated views on discount rates, revenue growth, profit margins and future P/E assumptions following mixed recent research, including an upgrade to Outperform with a A$6.70 price target and a separate downgrade.
Narrative Update • Mar 17

PRU: Cost Discipline And Project Execution Will Support Upside Potential

Analysts have trimmed their fair value estimate for Perseus Mining by A$0.00 to A$6.47, reflecting slightly higher discount rate assumptions and more cautious profit margin expectations after recent research turned more bearish on the shares. Analyst Commentary Bullish Takeaways Bullish analysts see the refined fair value estimate of A$6.47 as still supportive of upside potential if Perseus Mining can deliver on cost control and project execution targets.
Narrative Update • Mar 03

PRU: Cautious Stance And Updated Assumptions Will Shape Risk Reward Balance

Analysts have nudged their fair value estimate for Perseus Mining from about A$6.32 to around A$6.47, reflecting updated assumptions on revenue growth, profit margins and future P/E following recent Street research that included a downgrade in stance from Cormark. Analyst Commentary Bullish Takeaways Bullish analysts see the refreshed fair value estimate of about A$6.47 as broadly aligned with updated assumptions on revenue and margins, which they view as more grounded in current Street expectations.
Narrative Update • Feb 17

PRU: Mixed Rating, Buyback And Guidance Will Shape Forward Risk Reward Balance

Analysts have lifted their price target on Perseus Mining from A$5.72 to A$6.32, citing updated assumptions for revenue growth, profit margins and future P/E multiples, despite a more cautious stance in recent Street research. Analyst Commentary Analyst views on Perseus Mining are mixed, with some focusing on the higher price target and others taking a more cautious stance in recent research.
Narrative Update • Feb 02

PRU: Higher Margin Outlook Will Likely Be Offset By Execution And P/E Risk

Analysts have raised their fair value estimate for Perseus Mining from A$3.00 to about A$3.41, reflecting updated assumptions around revenue growth, profit margins and the stock's future P/E, even though at least one firm has turned more cautious on the shares. Analyst Commentary Recent Street research on Perseus Mining points to a more cautious tone from some bearish analysts, even as fair value estimates have been revised to A$3.41.
Narrative Update • Jan 19

PRU: Higher Margin Outlook Will Likely Be Undermined By Compressed Future P/E

Analysts have lifted their price target for Perseus Mining from A$2.60 to A$3.00, citing updated assumptions for higher revenue growth, a stronger profit margin, and a lower future P/E multiple as the main drivers of the change. What's in the News The Board of Directors has authorized a share buyback plan that allows Perseus Mining to repurchase up to 40,000,000 shares, representing 2.96% of its share capital, for A$100 million.
Narrative Update • Jan 05

PRU: Share Buyback And Stable Gold Output Will Shape Balanced Outlook

Analysts have lifted their fair value estimate for Perseus Mining from A$5.40 to A$5.72, citing updated assumptions for revenue growth, profit margins and future P/E as the drivers of this revised price target. What's in the News Perseus Mining Limited announced a share repurchase program of up to 40,000,000 shares, or 2.96% of its share capital, for A$100 million.
Narrative Update • Dec 19

PRU Will Benefit From Stronger Gold Prices And Share Buyback Program

Analysts have lifted their price target on Perseus Mining to approximately A$4.40 from A$3.70, reflecting higher forecast fair value driven by expectations for stronger revenue growth and profit margins, despite a slightly higher discount rate and a modestly lower future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher A$4.40 price target as evidence that Perseus Mining’s valuation better reflects improving gold price assumptions and stronger long term earnings power.
Narrative Update • Dec 05

PRU: Higher Gold Prices And Mine Expansion Will Shape Balanced Outlook

Analysts have nudged their price target for Perseus Mining higher to A$4.40 from A$3.70. This reflects expectations of stronger revenue growth, slightly improved profit margins, and a supportive higher gold price environment.
Narrative Update • Nov 21

PRU: Higher Gold Prices And Mine Life Extension Will Shape Outlook

Perseus Mining’s analyst price target has increased from A$3.70 to A$4.40. This change reflects analysts’ expectations for further upside amid higher gold prices and improved profit forecasts.
Narrative Update • Nov 06

PRU: Higher Gold Prices And Mine Life Extension Will Shape Outlook

Analysts have increased their price target for Perseus Mining from A$3.70 to A$4.40, citing higher projected gold prices and improved growth forecasts as key drivers behind the revision. Analyst Commentary Recent updates from the Street reflect a nuanced view on Perseus Mining following the increase in price target.
Analysis Article • Oct 28

Here's Why We Think Perseus Mining (ASX:PRU) Is Well Worth Watching

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Narrative Update • Oct 23

Analyst Price Target for Perseus Mining Rises on Strong Gold Prices and Positive Outlook

Perseus Mining's analyst price target has increased from A$3.70 to A$4.40. Analysts cite higher gold prices as the primary driver for the upward revision.
Narrative Update • Oct 09

Rising Gold Prices And Projects Will Expand Mining Capacity

Narrative Update: Analyst Price Target Adjustment for Perseus Mining Analysts have increased their price target for Perseus Mining to A$4.40 from A$3.70, citing an improved gold price outlook and stronger projected financial performance. Analyst Commentary Analyst updates reflect a balanced perspective on Perseus Mining's potential, with both optimistic and cautious factors influencing the latest price target revisions.
Narrative Update • Sep 25

Rising Gold Prices And Projects Will Expand Mining Capacity

The consensus price target for Perseus Mining has been revised upward to A$4.26, reflecting higher anticipated revenue growth and a notable increase in the future P/E multiple. What's in the News Perseus Mining received a Presidential Decree to proceed with the CMA underground project at Yaoure Gold Mine, extending mine life to at least 2035; $170 million will be invested, with first ore expected in January 2026 and commercial production in March 2027.
Narrative Update • Aug 27

New Tier One Projects Will Expand Future Gold Production

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.

Earnings and Revenue Growth Forecasts

ASX:PRU - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/20292,6178561,0351,2326
6/30/20282,5497808189697
6/30/20271,8685442876917
6/30/20261,484428197666N/A
3/31/20261,379392187574N/A
12/31/20251,275356176482N/A
9/30/20251,261363253510N/A
6/30/20251,248371330537N/A
3/31/20251,183364331501N/A
12/31/20241,119357333466N/A
9/30/20241,072341321447N/A
6/30/20241,026324308429N/A
3/31/20241,015318304430N/A
12/31/20231,003312300431N/A
9/30/2023982300297429N/A
6/30/2023960288293427N/A
3/31/2023898246289410N/A
12/31/2022840204286395N/A
9/30/2022772175263361N/A
6/30/2022777161264361N/A
3/31/2022772159249362N/A
12/31/2021682139204323N/A
9/30/2021585111121270N/A
6/30/20215108739226N/A
3/31/2021487828207N/A
12/31/202046578-25188N/A
9/30/202042870-33163N/A
6/30/202040865-42147N/A
3/31/202033637N/A107N/A
12/31/201935218N/A94N/A
9/30/201934111N/A95N/A
6/30/20193575N/A103N/A
3/31/20193562N/AN/AN/A
12/31/2018347-1N/A92N/A
9/30/2018315-10N/A72N/A
6/30/2018280-19N/A51N/A
3/31/2018264-37N/AN/AN/A
12/31/2017241-56N/A33N/A
9/30/2017230-59N/A17N/A
6/30/2017213-61N/A1N/A
3/31/2017193-62N/A5N/A
12/31/2016167-51N/A2N/A
9/30/2016177-63N/A5N/A
6/30/2016183-27N/A23N/A
3/31/201623410N/A42N/A
12/31/201524843N/A62N/A
9/30/201524171N/A65N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRU's forecast earnings growth (9.8% per year) is above the savings rate (3.8%).

Earnings vs Market: PRU's earnings (9.8% per year) are forecast to grow slower than the Australian market (11.2% per year).

High Growth Earnings: PRU's earnings are forecast to grow, but not significantly.

Revenue vs Market: PRU's revenue (10.2% per year) is forecast to grow faster than the Australian market (5.3% per year).

High Growth Revenue: PRU's revenue (10.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PRU's Return on Equity is forecast to be high in 3 years time (24.2%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 16:59
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2026/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Perseus Mining Limited is covered by 27 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicolas DionATB Cormark
Taylor GuyotBarrenjoey Markets Pty Limited
Richard KnightsBarrenjoey Markets Pty Limited