Centamin Plc (CEY) Receives Consensus Rating of “Buy” from Analysts
Centamin Plc (LON:CEY) has been assigned an average rating of “Buy” from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 184.29 ($2.48).
A number of brokerages have weighed in on CEY. Goldman Sachs Group restated a “conviction-buy” rating and issued a GBX 205 ($2.76) price objective on shares of Centamin in a report on Friday, November 24th. Numis Securities restated a “buy” rating and issued a GBX 170 ($2.29) price objective on shares of Centamin in a report on Monday, September 25th. Panmure Gordon restated a “buy” rating on shares of Centamin in a report on Thursday, November 2nd. Shore Capital restated a “not rated” rating on shares of Centamin in a report on Monday, October 9th. Finally, Shore Capital Group restated a “not rated” rating on shares of Centamin in a report on Thursday, November 2nd.
Centamin (CEY) traded down GBX 1.80 ($0.02) during midday trading on Thursday, hitting GBX 131.70 ($1.77). 2,090,674 shares of the stock were exchanged, compared to its average volume of 5,230,000. Centamin has a 12-month low of GBX 114.60 ($1.54) and a 12-month high of GBX 193.90 ($2.61).
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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