Centamin PLC (CEY) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Centamin PLC (LON:CEY) have earned a consensus rating of “Buy” from the eight ratings firms that are presently covering the firm. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 206 ($2.66).
CEY has been the topic of a number of analyst reports. Panmure Gordon restated a “buy” rating on shares of Centamin PLC in a research report on Monday, April 10th. Numis Securities Ltd restated a “hold” rating on shares of Centamin PLC in a research report on Thursday, May 4th. BNP Paribas initiated coverage on Centamin PLC in a research report on Thursday. They set an “outperform” rating and a GBX 210 ($2.71) target price on the stock. Canaccord Genuity restated a “buy” rating on shares of Centamin PLC in a research report on Wednesday, February 1st. Finally, Macquarie restated an “outperform” rating on shares of Centamin PLC in a research report on Monday, February 6th.
In other Centamin PLC news, insider Josef El-Raghy sold 5,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of GBX 176 ($2.27), for a total value of £8,800,000 ($11,359,235.83). Also, insider Trevor Stanley Schultz bought 2,600 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was acquired at an average cost of GBX 154 ($1.99) per share, for a total transaction of £4,004 ($5,168.45). Over the last quarter, insiders sold 19,040,000 shares of company stock worth $3,358,160,000.
Centamin PLC (LON:CEY) traded up 1.76% during midday trading on Friday, hitting GBX 167.70. The company had a trading volume of 8,783,502 shares. Centamin PLC has a 1-year low of GBX 93.00 and a 1-year high of GBX 193.90. The company has a 50 day moving average price of GBX 172.43 and a 200 day moving average price of GBX 156.78. The firm’s market capitalization is GBX 1.94 billion.
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About Centamin PLC
Centamin plc is a mineral exploration, development and mining company. The Company is engaged in the business of exploration and production of precious metals. It operates in Australia, Jersey, Egypt, Burkina Faso and Cote d’Ivoire. Its principal asset, the Sukari Gold Mine (SGM), is located in the Eastern Desert, approximately 900 kilometers from Cairo and 25 kilometers from the Red Sea.
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