Centamin PLC (LON:CEY) Stock Rating Reaffirmed by Canaccord Genuity
Canaccord Genuity restated their buy rating on shares of Centamin PLC (LON:CEY) in a research report sent to investors on Monday, July 10th. They currently have a GBX 165 ($2.15) price target on the mining company’s stock.
Several other equities analysts have also recently weighed in on the stock. Goldman Sachs Group, Inc. (The) reaffirmed a conviction-buy rating on shares of Centamin PLC in a research note on Thursday, March 16th. BNP Paribas initiated coverage on shares of Centamin PLC in a research note on Thursday, May 18th. They set an outperform rating and a GBX 210 ($2.74) price target for the company. Panmure Gordon reaffirmed a buy rating on shares of Centamin PLC in a research note on Monday, April 10th. Numis Securities Ltd reaffirmed a hold rating on shares of Centamin PLC in a research note on Thursday, May 4th. Finally, Investec reaffirmed a buy rating and set a GBX 185 ($2.42) price target on shares of Centamin PLC in a research note on Monday, June 12th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Centamin PLC presently has an average rating of Buy and a consensus price target of GBX 188.67 ($2.46).
Shares of Centamin PLC (LON CEY) opened at 161.40 on Monday. The company’s market capitalization is GBX 1.87 billion. Centamin PLC has a 52-week low of GBX 114.60 and a 52-week high of GBX 193.90. The firm has a 50-day moving average of GBX 162.97 and a 200 day moving average of GBX 165.57.
In related news, insider Trevor Stanley Schultz acquired 2,600 shares of Centamin PLC stock in a transaction on Tuesday, May 9th. The stock was purchased at an average cost of GBX 154 ($2.01) per share, with a total value of £4,004 ($5,228.52). Also, insider Josef El-Raghy sold 5,350,000 shares of Centamin PLC stock in a transaction on Monday, June 12th. The stock was sold at an average price of GBX 177 ($2.31), for a total transaction of £9,469,500 ($12,365,500.13). Insiders sold 10,383,333 shares of company stock valued at $1,817,549,944 over the last three months.
Centamin PLC Company Profile
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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