Centamin PLC Given “Outperform” Rating at RBC Capital (CEY)
Centamin PLC (LON:CEY)‘s stock had its “outperform” rating reaffirmed by analysts at RBC Capital in a research report issued to clients and investors on Wednesday. They currently have a GBX 80 ($1.35) price objective on the stock. RBC Capital’s price objective would indicate a potential upside of 33.44% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Centamin PLC in a research note on Tuesday. They now have a GBX 70 ($1.18) price target on the stock. Separately, analysts at Investec raised their price target on shares of Centamin PLC from GBX 57 ($0.96) to GBX 62 ($1.04) in a research note on Wednesday, May 21st. They now have a “hold” rating on the stock. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 60.38 ($1.02).
Shares of Centamin PLC (LON:CEY) traded up 0.35% on Wednesday, hitting GBX 60.1575. 3,260,664 shares of the company’s stock traded hands. Centamin PLC has a 52-week low of GBX 27.199 and a 52-week high of GBX 66.288. The stock’s 50-day moving average is GBX 59.37 and its 200-day moving average is GBX 51.29. The company’s market cap is £662.3 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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