Centamin (LON:CEY) Share Price Crosses Above 200-Day Moving Average of $123.89
Centamin PLC (LON:CEY)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $123.89 and traded as high as $134.60. Centamin shares last traded at $132.25, with a volume of 3,556,684 shares changing hands.
A number of research analysts have recently issued reports on the company. Goldman Sachs Group upped their price target on Centamin from GBX 127 ($1.67) to GBX 135 ($1.78) and gave the company a “neutral” rating in a report on Wednesday, February 5th. Royal Bank of Canada reaffirmed a “sector performer” rating on shares of Centamin in a report on Monday, December 16th. Peel Hunt reaffirmed a “hold” rating on shares of Centamin in a report on Thursday. Berenberg Bank upped their price target on Centamin from GBX 116 ($1.53) to GBX 127 ($1.67) and gave the company a “hold” rating in a report on Friday, January 10th. Finally, Numis Securities reaffirmed a “buy” rating on shares of Centamin in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 129.50 ($1.70).
The stock has a market capitalization of $1.55 billion and a P/E ratio of 29.45. The business has a fifty day moving average price of GBX 127.48 and a 200-day moving average price of GBX 124.06.
Centamin Company Profile (LON:CEY)
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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