Centamin PLC (CEY) Price Target Lowered to GBX 202 at Panmure Gordon
Centamin PLC (LON:CEY) had its price target cut by Panmure Gordon from GBX 209 ($2.64) to GBX 202 ($2.56) in a research note issued to investors on Monday, May 15th, StockTargetPrices.com reports. The brokerage currently has a “buy” rating on the mining company’s stock. Panmure Gordon’s price target would indicate a potential upside of 21.98% from the stock’s current price.
CEY has been the subject of a number of other reports. Canaccord Genuity reiterated a “buy” rating on shares of Centamin PLC in a report on Wednesday, February 1st. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating on shares of Centamin PLC in a research report on Thursday, March 16th. Numis Securities Ltd reissued a “hold” rating on shares of Centamin PLC in a research report on Thursday, May 4th. Finally, Macquarie reissued an “outperform” rating on shares of Centamin PLC in a research report on Monday, February 6th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 199.25 ($2.52).
Centamin PLC (LON:CEY) traded up 0.91% on Monday, reaching GBX 165.60. 66,309,870 shares of the company’s stock were exchanged. The company has a 50 day moving average price of GBX 166.33 and a 200-day moving average price of GBX 160.24. The company’s market capitalization is GBX 1.91 billion. Centamin PLC has a 1-year low of GBX 104.10 and a 1-year high of GBX 193.90.
In related news, insider Andrew Pardey sold 33,333 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of GBX 168 ($2.13), for a total value of £55,999.44 ($70,840.53). Also, insider Trevor Stanley Schultz purchased 2,600 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were purchased at an average cost of GBX 154 ($1.95) per share, for a total transaction of £4,004 ($5,065.15). Over the last 90 days, insiders have sold 10,383,333 shares of company stock valued at $1,817,549,944.
About Centamin PLC
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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