Goldman Sachs Group Inc. Reiterates “Neutral” Rating for Centamin (CEY)
Centamin (LON:CEY)‘s stock had its “neutral” rating restated by equities research analysts at Goldman Sachs Group Inc. in a research note issued to investors on Tuesday, AnalystRatingsNetwork reports. They currently have a GBX 55 ($0.91) price objective on the stock. Goldman Sachs Group Inc.’s price target would suggest a potential upside of 18.79% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd cut their price target on shares of Centamin from GBX 70 ($1.15) to GBX 60 ($0.99) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Centamin in a research note to investors on Monday, January 6th. They now have a GBX 60 ($0.99) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “speculative buy” rating on shares of Centamin in a research note to investors on Monday, January 6th. They now have a GBX 60 ($0.99) price target on the stock. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 52.69 ($0.87).
Shares of Centamin (LON:CEY) traded up 0.30% during mid-day trading on Tuesday, hitting GBX 46.30. The stock had a trading volume of 3,216,566 shares. 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 43.65 and its 200-day moving average is GBX 43.28. The company’s market cap is £509.9 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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