Centamin PLC (LON:CEY) has earned an average recommendation of “Buy” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 182.86 ($2.41).

CEY has been the subject of several research analyst reports. Macquarie raised their price target on Centamin PLC from GBX 180 ($2.37) to GBX 200 ($2.64) and gave the company an “outperform” rating in a report on Thursday, June 8th. Numis Securities Ltd restated an “add” rating and set a GBX 170 ($2.24) price target on shares of Centamin PLC in a report on Tuesday, July 11th. BNP Paribas initiated coverage on Centamin PLC in a report on Thursday, May 18th. They set an “outperform” rating and a GBX 210 ($2.77) price target for the company. Panmure Gordon cut their price target on Centamin PLC from GBX 209 ($2.76) to GBX 202 ($2.66) and set a “buy” rating for the company in a report on Monday, May 15th. Finally, Canaccord Genuity restated a “buy” rating and set a GBX 165 ($2.18) price target on shares of Centamin PLC in a report on Monday, July 10th.

Shares of Centamin PLC (CEY) traded down 6.90% during mid-day trading on Friday, reaching GBX 155.20. The company’s stock had a trading volume of 8,872,377 shares. Centamin PLC has a 12-month low of GBX 114.60 and a 12-month high of GBX 193.90. The company’s 50-day moving average price is GBX 161.28 and its 200-day moving average price is GBX 167.15. The stock’s market capitalization is GBX 1.79 billion.

In other Centamin PLC news, insider Trevor Stanley Schultz purchased 2,600 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was purchased at an average cost of GBX 154 ($2.03) per share, with a total value of £4,004 ($5,281.63). Also, insider Josef El-Raghy sold 5,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of GBX 173 ($2.28), for a total value of £8,650,000 ($11,410,104.21). In the last quarter, insiders sold 10,383,333 shares of company stock valued at $1,817,549,944.

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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.

Analyst Recommendations for Centamin PLC (LON:CEY)

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