Centamin PLC (CEY) Stock Rating Reaffirmed by Macquarie
Centamin PLC (LON:CEY)‘s stock had its “outperform” rating reiterated by equities researchers at Macquarie in a note issued to investors on Monday.
Other equities analysts have also issued research reports about the stock. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Centamin PLC in a report on Monday, June 27th. Numis Securities Ltd reissued a ” hold” rating on shares of Centamin PLC in a report on Wednesday, July 20th. Canaccord Genuity reissued a “buy” rating on shares of Centamin PLC in a report on Thursday, July 7th. Panmure Gordon lowered shares of Centamin PLC to a “hold” rating in a report on Thursday, August 11th. Finally, Jefferies Group assumed coverage on shares of Centamin PLC in a report on Wednesday, June 22nd. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Centamin PLC presently has a consensus rating of “Hold” and a consensus price target of GBX 81.38 ($0.99).
Centamin PLC (LON:CEY) opened at 144.20 on Monday. The company’s market capitalization is GBX 1.66 billion. Centamin PLC has a 12-month low of GBX 55.65 and a 12-month high of GBX 183.90. The firm’s 50-day moving average price is GBX 148.81 and its 200 day moving average price is GBX 134.50.
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About Centamin PLC
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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