Centamin PLC (CEY) Given “Buy” Rating at Canaccord Genuity
Centamin PLC (LON:CEY)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity in a report released on Wednesday.
A number of other research analysts have also weighed in on CEY. Macquarie restated an “outperform” rating on shares of Centamin PLC in a report on Tuesday, September 20th. Panmure Gordon restated a “buy” rating on shares of Centamin PLC in a report on Thursday, July 7th. Numis Securities Ltd upgraded Centamin PLC to an “add” rating in a report on Tuesday. Jefferies Group began coverage on Centamin PLC in a report on Wednesday, June 22nd. They issued a “hold” rating on the stock. Finally, Goldman Sachs Group Inc. restated a “buy” rating on shares of Centamin PLC in a report on Thursday, June 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Centamin PLC has a consensus rating of “Hold” and a consensus price target of GBX 81.38 ($1.01).
Centamin PLC (LON:CEY) traded down 0.67% during mid-day trading on Wednesday, reaching GBX 147.20. The company had a trading volume of 4,644,122 shares. The stock has a 50-day moving average of GBX 151.52 and a 200 day moving average of GBX 133.15. Centamin PLC has a 12-month low of GBX 55.65 and a 12-month high of GBX 183.90. The company’s market capitalization is GBX 1.70 billion.
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Centamin PLC Company Profile
Centamin plc (Centamin) is a mineral exploration, development and mining company. The Company operates in Egypt, Ethiopia, the United Kingdom and Australia. The Company’s segment is the business of exploration and mining of precious metals. The Company’s principal asset is the Sukari Gold Mine, which is jointly owned by the Company’s subsidiary, Pharaoh Gold Mines NL (PGM), and Egyptian Mineral Resource Authority (EMRA) on approximately 50% equal basis.
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