Centamin Rating Reiterated by Canaccord Genuity (CEY)
Centamin (LON:CEY)‘s stock had its “speculative buy” rating restated by equities researchers at Canaccord Genuity in a research report issued on Monday, Analyst Ratings Network reports. They currently have a GBX 60 ($0.98) price target on the stock. Canaccord Genuity’s price target points to a potential upside of 28.89% from the company’s current price.
Shares of Centamin (LON:CEY) traded up 2.94% during mid-day trading on Monday, hitting GBX 46.55. 3,980,672 shares of the company’s stock traded hands. Centamin has a 52 week low of GBX 27.199 and a 52 week high of GBX 71.10. The stock’s 50-day moving average is GBX 44.05 and its 200-day moving average is GBX 42.47. The company’s market cap is £512.7 million.
A number of other analysts have also recently weighed in on CEY. 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. Separately, analysts at Investec cut their price target on shares of Centamin from GBX 54 ($0.89) to GBX 51 ($0.84) in a research note to investors on Thursday, December 19th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Centamin in a research note to investors on Wednesday, December 18th. They now have a GBX 60 ($0.98) price target on the stock. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of GBX 54.69 ($0.90).
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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