Centamin (CEY) PT Raised to GBX 200
Centamin (LON:CEY) had its target price boosted by Numis Securities from GBX 170 ($2.31) to GBX 200 ($2.71) in a research report report published on Thursday morning. The firm currently has a buy rating on the mining company’s stock.
A number of other equities analysts have also recently commented on the company. Shore Capital reissued a not rated rating on shares of Centamin in a report on Monday, October 9th. Goldman Sachs Group reissued a conviction-buy rating and set a GBX 210 ($2.85) price target on shares of Centamin in a report on Tuesday, October 10th. Jefferies Group lowered their price target on Centamin from GBX 170 ($2.31) to GBX 155 ($2.10) and set a hold rating for the company in a report on Thursday, October 19th. Panmure Gordon reissued a buy rating on shares of Centamin in a report on Thursday, November 2nd. Finally, Shore Capital Group reissued a not rated rating on shares of Centamin in a report on Thursday, November 2nd. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Centamin has an average rating of Buy and a consensus price target of GBX 185.56 ($2.52).
Centamin (LON CEY) traded up GBX 2.25 ($0.03) during trading hours on Thursday, hitting GBX 163.90 ($2.22). The stock had a trading volume of 6,360,000 shares, compared to its average volume of 5,190,000. The company has a market cap of $1,880.00 and a P/E ratio of 2,731.67. Centamin has a 1 year low of GBX 130.60 ($1.77) and a 1 year high of GBX 193.90 ($2.63).
Centamin 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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