Centamin PLC (CEY) Receives Average Rating of “Buy” from Brokerages
Shares of Centamin PLC (LON:CEY) have been given an average recommendation of “Buy” by the nine brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 182.86 ($2.36).
CEY has been the topic of several analyst reports. Panmure Gordon reiterated a “buy” rating and set a GBX 180 ($2.33) price target on shares of Centamin PLC in a research report on Thursday, August 3rd. Macquarie raised their target price on shares of Centamin PLC from GBX 180 ($2.33) to GBX 200 ($2.59) and gave the company an “outperform” rating in a research report on Thursday, June 8th. Numis Securities Ltd restated an “add” rating and issued a GBX 170 ($2.20) target price on shares of Centamin PLC in a research report on Tuesday, July 11th. 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 ($2.72) target price on the stock. Finally, Jefferies Group LLC restated a “hold” rating and issued a GBX 170 ($2.20) target price on shares of Centamin PLC in a research report on Friday, August 4th.
In other Centamin PLC news, insider Josef El-Raghy sold 5,000,000 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of GBX 173 ($2.24), for a total value of £8,650,000 ($11,187,273.67). Also, insider Andrew Pardey sold 33,333 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of GBX 168 ($2.17), for a total transaction of £55,999.44 ($72,425.56). Over the last 90 days, insiders have sold 10,383,333 shares of company stock worth $1,817,549,944.
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Centamin PLC (LON CEY) traded up 1.44% on Tuesday, reaching GBX 155.50. The company’s stock had a trading volume of 7,716,958 shares. The stock’s 50 day moving average is GBX 158.38 and its 200-day moving average is GBX 167.14. Centamin PLC has a 52 week low of GBX 114.60 and a 52 week high of GBX 193.90. The firm’s market capitalization is GBX 1.80 billion.
The firm also recently announced a dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.03 per share. This represents a dividend yield of 1.22%. The ex-dividend date is Thursday, August 31st.
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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