Perseus Pleases with Strong Focus on Investor Returns

Dow Jones
Yesterday

0242 GMT - Perseus Mining "has placed a strong emphasis on returning capital to shareholders," says Citi. The gold miner's FY dividend of A$0.14 a share is 20% higher than consensus, Citi says. It also notes the miner's new dividend policy and proposed special distribution from the Meyas Sand sale. Perseus also reported increases to its resources and reserve estimates. "We expect the stronger outlook of shareholder returns and increased mine life will be taken positively, offset by the higher than expected capex," Citi says. Perseus provided FY27 guidance for sustaining capital that's 34% higher than consensus, says Citi. Its development capital estimate is 16% higher, the bank says. Citi has a buy-high risk rating on Perseus, with a A$6.80 a share target. Shares are up 11% at A$6.79.

 

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10