Josef El-Raghy Sells 5,000,000 Shares of Centamin PLC (CEY) Stock
Centamin PLC (LON:CEY) insider Josef El-Raghy sold 5,000,000 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of GBX 173 ($2.19), for a total transaction of £8,650,000 ($10,942,441.49).
Josef El-Raghy also recently made the following trade(s):
- On Monday, June 12th, Josef El-Raghy sold 5,350,000 shares of Centamin PLC stock. The shares were sold at an average price of GBX 177 ($2.24), for a total transaction of £9,469,500 ($11,979,127.13).
Shares of Centamin PLC (CEY) traded up 2.75% on Wednesday, reaching GBX 175.90. The company’s stock had a trading volume of 6,619,899 shares. The stock’s market capitalization is GBX 2.03 billion. The company has a 50 day moving average of GBX 167.40 and a 200 day moving average of GBX 159.87. Centamin PLC has a 1-year low of GBX 104.10 and a 1-year high of GBX 193.90.
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Several analysts have commented on CEY shares. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating on shares of Centamin PLC in a research report on Thursday, March 16th. Panmure Gordon reaffirmed a “buy” rating on shares of Centamin PLC in a research report on Monday, April 10th. Numis Securities Ltd reaffirmed a “hold” rating on shares of Centamin PLC in a research report on Thursday, May 4th. BNP Paribas initiated coverage on shares of Centamin PLC in a research report on Thursday, May 18th. They issued an “outperform” rating and a GBX 210 ($2.66) price objective for the company. Finally, Macquarie increased their price objective on shares of Centamin PLC from GBX 180 ($2.28) to GBX 200 ($2.53) and gave the company an “outperform” rating in a research report on Thursday, June 8th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of GBX 199.25 ($2.52).
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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