Centamin Plc (OTCMKTS:CELTF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday. The brokerage currently has a $2.00 price target on the basic materials company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 5.26% from the company’s current price.

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 (CELTF) traded up 0.53% on Monday, reaching $1.90. The company had a trading volume of 2,250 shares. Centamin Plc has a 12 month low of $1.39 and a 12 month high of $2.40. The firm has a 50 day moving average price of $1.93 and a 200-day moving average price of $2.07. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 0.34 and a beta of 0.35.

Centamin Plc (OTCMKTS:CELTF) last posted its earnings results on Thursday, August 3rd. The basic materials company reported $0.03 earnings per share for the quarter. The firm had revenue of $151.28 million for the quarter, compared to analyst estimates of $156.84 million. Centamin Plc had a return on equity of 11.50% and a net margin of 19.57%.

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