Centamin PLC (CEY) Plans $0.03 Dividend
Centamin PLC (LON:CEY) declared a dividend on Thursday, August 3rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 31st will be given a dividend of $0.03 per share by the mining company on Friday, September 29th. This represents a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, August 31st. The official announcement can be seen at this link.
Centamin PLC (LON CEY) opened at 153.30 on Friday. The stock’s market capitalization is GBX 1.77 billion. The stock’s 50 day moving average price is GBX 158.38 and its 200-day moving average price is GBX 167.14. Centamin PLC has a 12-month low of GBX 114.60 and a 12-month high of GBX 193.90.
In other news, insider Andrew Pardey sold 33,333 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of GBX 168 ($2.18), for a total value of £55,999.44 ($72,698.22). Also, insider Josef El-Raghy sold 5,000,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of GBX 173 ($2.25), for a total value of £8,650,000 ($11,229,391.15). Over the last ninety days, insiders sold 10,383,333 shares of company stock worth $1,817,549,944.
Several research firms have weighed in on CEY. Investec restated a “buy” rating and set a GBX 185 ($2.40) target price on shares of Centamin PLC in a report on Monday, June 12th. Numis Securities Ltd restated a “hold” rating on shares of Centamin PLC in a report on Thursday, May 4th. Jefferies Group LLC restated a “hold” rating and set a GBX 170 ($2.21) target price on shares of Centamin PLC in a report on Friday, August 4th. Canaccord Genuity restated a “buy” rating and set a GBX 165 ($2.14) target price on shares of Centamin PLC in a report on Monday, July 10th. Finally, Panmure Gordon restated a “buy” rating on shares of Centamin PLC in a report on Wednesday, May 3rd. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 182.86 ($2.37).
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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