Centamin Given “Outperform” Rating at RBC Capital (CEY)
Centamin (LON:CEY)‘s stock had its “outperform” rating reiterated by analysts at RBC Capital in a research report issued to clients and investors on Monday, AnalystRatings.NET reports. They currently have a GBX 60 ($0.98) price target on the stock. RBC Capital’s price objective would suggest a potential upside of 28.89% from the company’s current price.
A number of other analysts have also recently weighed in on CEY. Analysts at Canaccord Genuity reiterated a “speculative buy” rating on shares of Centamin in a research note to investors on Monday. They now have a GBX 60 ($0.98) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Centamin in a research note to investors on Monday. They now have a GBX 55 ($0.90) price target on the stock. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 54.69 ($0.90).
Shares of Centamin (LON:CEY) traded up 2.94% on Monday, hitting GBX 46.55. 3,980,672 shares of the company’s stock traded hands. Centamin has a one year low of GBX 27.199 and a one year high of GBX 71.10. The stock’s 50-day moving average is GBX 43.68 and its 200-day moving average is GBX 42.58. The company’s market cap is £512.7 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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