Centamin PLC’s (CEY) Outperform Rating Reaffirmed at Macquarie
Centamin PLC (LON:CEY)‘s stock had its “outperform” rating reiterated by Macquarie in a report released on Monday. They presently have a GBX 150 ($1.86) target price on the mining company’s stock. Macquarie’s price objective would suggest a potential upside of 3.88% from the company’s previous close.
Several other research firms have also recently issued reports on CEY. Numis Securities Ltd reiterated a “hold” rating on shares of Centamin PLC in a research report on Thursday, August 11th. Panmure Gordon cut Centamin PLC to a “hold” rating in a research report on Thursday, August 11th. Canaccord Genuity reiterated a “buy” rating on shares of Centamin PLC in a research report on Wednesday, August 10th. Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Centamin PLC in a research report on Monday, June 27th. Finally, Jefferies Group began coverage on Centamin PLC in a research note on Wednesday, June 22nd. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 90.13 ($1.12).
Shares of Centamin PLC (LON:CEY) opened at 144.50 on Monday. The firm’s 50-day moving average price is GBX 149.88 and its 200 day moving average price is GBX 133.43. The firm’s market cap is GBX 1.67 billion. Centamin PLC has a 1-year low of GBX 55.65 and a 1-year high of GBX 183.90.
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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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