Centamin Plc (CELTF) Downgraded by Zacks Investment Research to Sell
Centamin Plc (OTCMKTS:CELTF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.
According to Zacks, “Centamin plc is a mineral exploration development and mining company. It engages in the exploration, mining and development of mineral properties primarily in Egypt, Ethiopia, the United Kingdom and Australia. The company’s current projects include Sukari old Mines and focuses on the Arabian-Nubian Shield. Centamin plc is headquartered in Saint Helier, Jersey. “
Centamin Plc (OTCMKTS CELTF) traded up 3.434% on Monday, hitting $2.048. The stock had a trading volume of 500 shares. The company has a market cap of $2.36 billion, a PE ratio of 0.370 and a beta of 0.36. Centamin Plc has a 12 month low of $1.39 and a 12 month high of $2.40. The company has a 50-day moving average of $2.07 and a 200 day moving average of $2.11.
Centamin Plc (OTCMKTS:CELTF) last issued its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.03 EPS for the quarter. Centamin Plc had a return on equity of 15.28% and a net margin of 31.25%. The firm had revenue of $151.28 million during the quarter, compared to analysts’ expectations of $156.84 million.
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