Canaccord Genuity Reaffirms “Buy” Rating for Centamin PLC (CEY)
Centamin PLC (LON:CEY)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity in a research note issued on Wednesday.
Other equities analysts have also issued reports about the stock. Goldman Sachs Group Inc. restated a “buy” rating on shares of Centamin PLC in a report on Monday, June 27th. Numis Securities Ltd restated a ” hold” rating on shares of Centamin PLC in a report on Wednesday, July 20th. Macquarie restated an “outperform” rating on shares of Centamin PLC in a report on Monday, August 22nd. Panmure Gordon lowered shares of Centamin PLC to a “hold” rating in a report on Thursday, August 11th. Finally, Jefferies Group assumed coverage on shares of Centamin PLC in a report on Wednesday, June 22nd. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 81.38 ($0.99).
Shares of Centamin PLC (LON:CEY) traded up 1.77% during midday trading on Wednesday, reaching GBX 149.60. The company had a trading volume of 5,963,894 shares. The firm’s 50 day moving average price is GBX 148.25 and its 200-day moving average price is GBX 135.33. The company’s market capitalization is GBX 1.73 billion. Centamin PLC has a 12 month low of GBX 55.65 and a 12 month high of GBX 183.90.
Centamin PLC Company Profile
Centamin plc (Centamin) is a mineral exploration, development and mining company. The Company operates in Egypt, Ethiopia, the United Kingdom and Australia. The Company’s segment is the business of exploration and mining of precious metals. The Company’s principal asset is the Sukari Gold Mine, which is jointly owned by the Company’s subsidiary, Pharaoh Gold Mines NL (PGM), and Egyptian Mineral Resource Authority (EMRA) on approximately 50% equal basis.
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