Centamin PLC (CEY) Given Consensus Recommendation of “Buy” by Brokerages
Centamin PLC (LON:CEY) has been given a consensus recommendation of “Buy” by the nine research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 185 ($2.43).
CEY has been the topic of a number of research reports. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 170 ($2.24) price target on shares of Centamin PLC in a research note on Monday, September 25th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and issued a GBX 210 ($2.76) price target on shares of Centamin PLC in a research note on Tuesday, October 10th. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 180 ($2.37) price target on shares of Centamin PLC in a research note on Thursday, August 3rd. Shore Capital reissued a “not rated” rating on shares of Centamin PLC in a research report on Monday, October 9th. Finally, Jefferies Group LLC cut their price objective on shares of Centamin PLC from GBX 170 ($2.24) to GBX 155 ($2.04) and set a “hold” rating on the stock in a research report on Thursday, October 19th.
Shares of Centamin PLC (LON:CEY) traded down GBX 0.30 ($0.00) on Friday, reaching GBX 134.70 ($1.77). 3,016,833 shares of the company’s stock were exchanged, compared to its average volume of 5,480,000. Centamin PLC has a 1 year low of GBX 114.60 ($1.51) and a 1 year high of GBX 193.90 ($2.55).
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Centamin PLC Company Profile
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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