UBS keeps Buy rating for Perseus Mining stock at AUD 8.95

Published on 10/13/2026 at 02:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

A Buy rating came with an AUD 8.95 target on October 8, 2026. Perseus Mining stock has results due on October 27, 2026, with a webinar.

Key points in brief

UBS maintained a Buy rating on Perseus Mining and set an AUD 8.95 price target on October 8, 2026.
Perseus reported AUD 769 million in operating cash flow for fiscal 2026, up 24 percent year over year.
Fiscal 2027 production guidance is 420,000 to 480,000 ounces, with Nyanzaga expected to produce first gold in January 2027.
The last Lang & Schwarz quote was EUR 3.99 on October 12, 2026 at 11:00 p.m. CEST.

Perseus, AU000000PRU3, Illustration mit AI erstellt.

UBS maintained a Buy rating on Perseus Mining stock and set an AUD 8.95 price target in a report dated October 8, 2026, according to Markets Insider. The latest operating figures point to strong cash generation, but the next quarterly update is the nearer test for execution.

Three milestones shape the story

On September 28, 2026, Perseus reported fiscal 2026 operating cash flow of AUD 769 million, up 24 percent from the previous year, while production reached 405,000 ounces at an all-in site cost of AUD 1,750 per ounce, according to Investing.com.

The same September 28 update said reserves increased 40 percent and mineral resources rose 37 percent over the preceding 12 months. Nyanzaga was 80 percent complete and targeted first production in January 2027, giving the development pipeline a measurable role in the next phase.

On October 8, 2026, UBS maintained its Buy rating and set the AUD 8.95 target. That target is an analyst view rather than company guidance, while the operating comparison of AUD 769 million against the prior year's cash flow provides the clearest quantified measure of progress.

What comes next for production?

Perseus is scheduled to discuss its September 2026 quarterly results at an investor webinar on October 27, 2026. The date and event were announced by Perseus in a release carried by Yahoo Finance.

Guidance adds a clear benchmark

Fiscal 2027 production guidance stands at 420,000 to 480,000 ounces, with all-in site costs guided at AUD 1,835 to AUD 2,070 per ounce, according to Investing.com. The range places Nyanzaga's planned start within a broader production framework rather than making the new project the sole driver of the outlook.

Last euro quote remains dated

The last Lang & Schwarz quote was EUR 3.99 on October 12, 2026 at 11:00 p.m. CEST. Perseus Mining's ASX quote was AUD 6.29 at 11:09 a.m. AEDT on October 13, 2026, while its market capitalization was AUD 8.3 billion and its 52-week range was AUD 4.42 to AUD 6.96 on that date. The further course of trading is shown by the continuously updated real-time quote of Perseus stock.