Centamin (CEY) Given Buy Rating at Numis Securities
Centamin (LON:CEY)‘s stock had its “buy” rating reissued by investment analysts at Numis Securities in a research report issued on Friday. They currently have a GBX 170 ($2.29) target price on the mining company’s stock. Numis Securities’ price target would suggest a potential upside of 18.14% from the stock’s previous close.
CEY has been the topic of a number of other research reports. Goldman Sachs Group reiterated a “conviction-buy” rating and set a GBX 205 ($2.76) target price on shares of Centamin in a report on Friday, November 24th. Panmure Gordon reiterated a “buy” rating on shares of Centamin in a report on Thursday, November 2nd. Shore Capital reiterated a “not rated” rating on shares of Centamin in a report on Monday, October 9th. Shore Capital Group reiterated a “not rated” rating on shares of Centamin in a report on Thursday, November 2nd. Finally, Jefferies Group reduced their target price on Centamin from GBX 170 ($2.29) to GBX 155 ($2.09) and set a “hold” rating on the stock in a report on Thursday, October 19th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of GBX 183.75 ($2.47).
Centamin (CEY) opened at GBX 143.90 ($1.94) on Friday. Centamin has a twelve month low of GBX 114.60 ($1.54) and a twelve month high of GBX 193.90 ($2.61).
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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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