Centamin Rating Reiterated by Nomura (CEY)
Centamin (LON:CEY)‘s stock had its “buy” rating reaffirmed by Nomura in a research note issued on Wednesday, AnalystRatingsNetwork reports. They currently have a GBX 45 ($0.72) price objective on the stock. Nomura’s price target would suggest a potential downside of 5.22% from the stock’s previous close.
A number of other firms have also recently commented on CEY. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Centamin in a research note to investors on Wednesday, October 9th. They now have a GBX 38 ($0.61) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of Centamin in a research note to investors on Wednesday, October 9th. They now have a GBX 50 ($0.80) price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of Centamin to GBX 70 ($1.12) in a research note to investors on Wednesday, October 9th. They now have a “sector perform” rating on the stock. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 52.54 ($0.84).
Shares of Centamin (LON:CEY) traded up 2.42% on Wednesday, hitting GBX 47.48. 7,221,404 shares of the company’s stock traded hands. Centamin has a 52-week low of GBX 19.00 and a 52-week high of GBX 108.30. The stock’s 50-day moving average is GBX 40.91 and its 200-day moving average is GBX 41.46. The company’s market cap is £522.9 million.
Centamin plc is the ultimate holding company. The Company, along with its subsidiaries, is engaged in the business of exploration for precious and base metals.
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