Centamin PLC (CEY) Receives Average Rating of “Hold” from Analysts
Shares of Centamin PLC (LON:CEY) have been given an average rating of “Hold” by the eleven ratings firms that are currently covering the firm. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 77.50 ($0.96).
CEY has been the topic of several analyst reports. Numis Securities Ltd reiterated a “hold” rating on shares of Centamin PLC in a research note on Thursday, August 11th. Jefferies Group initiated coverage on shares of Centamin PLC in a research report on Wednesday, June 22nd. They set a “hold” rating on the stock. Macquarie restated an “outperform” rating on shares of Centamin PLC in a research report on Monday, August 22nd. Canaccord Genuity restated a “buy” rating on shares of Centamin PLC in a research report on Thursday, July 7th. Finally, Goldman Sachs Group Inc. restated a “buy” rating on shares of Centamin PLC in a research report on Monday, June 27th.
Centamin PLC (LON:CEY) traded down 3.28% during mid-day trading on Friday, reaching GBX 144.40. 6,650,587 shares of the company’s stock traded hands. Centamin PLC has a one year low of GBX 55.65 and a one year high of GBX 183.90. The firm’s 50-day moving average price is GBX 149.88 and its 200 day moving average price is GBX 133.43. The firm’s market cap is GBX 1.67 billion.
About Centamin PLC
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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