Centamin PLC (CEY) Given Average Rating of “Buy” by Analysts
Centamin PLC (LON:CEY) has been given a consensus recommendation of “Buy” by the eleven research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 182.50 ($2.44).
CEY has been the topic of several analyst reports. Numis Securities reaffirmed a “buy” rating and issued a GBX 170 ($2.27) target price on shares of Centamin in a research note on Monday, September 25th. Panmure Gordon reaffirmed a “buy” rating on shares of Centamin in a research note on Thursday, November 2nd. Goldman Sachs Group reaffirmed a “conviction-buy” rating and issued a GBX 205 ($2.74) target price on shares of Centamin in a research note on Friday, November 24th. Jefferies Group decreased their target price on shares of Centamin from GBX 170 ($2.27) to GBX 155 ($2.07) and set a “hold” rating on the stock in a research note on Thursday, October 19th. Finally, Shore Capital Group reaffirmed a “not rated” rating on shares of Centamin in a research note on Thursday, November 2nd.
Shares of Centamin (LON CEY) traded down GBX 1.10 ($0.01) during midday trading on Monday, hitting GBX 156.55 ($2.09). 7,046,430 shares of the company traded hands, compared to its average volume of 4,730,000. Centamin has a 12 month low of GBX 130.60 ($1.75) and a 12 month high of GBX 193.90 ($2.59). The stock has a market capitalization of $1,800.00 and a P/E ratio of 2,609.17.
Centamin plc is a mineral exploration, development and mining company. The Company is engaged in the business of exploration and production of precious metals. It operates in Australia, Jersey, Egypt, Burkina Faso and Cote d’Ivoire. Its principal asset, the Sukari Gold Mine (SGM), is located in the Eastern Desert, approximately 900 kilometers from Cairo and 25 kilometers from the Red Sea.
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