Centamin PLC (CEY) Receives Average Recommendation of “Buy” from Brokerages
Centamin PLC (LON:CEY) has received a consensus recommendation of “Buy” from the ten ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 184.29 ($2.46).
CEY has been the topic of a number of research analyst reports. Numis Securities reaffirmed a “buy” rating and issued a GBX 170 ($2.27) target price on shares of Centamin in a report on Monday, September 25th. Goldman Sachs Group reaffirmed a “conviction-buy” rating and issued a GBX 205 ($2.74) target price on shares of Centamin in a report on Friday, November 24th. Shore Capital reiterated a “not rated” rating on shares of Centamin in a research note on Monday, October 9th. Panmure Gordon reiterated a “buy” rating on shares of Centamin in a research note on Thursday, November 2nd. Finally, Jefferies Group dropped their price target on Centamin from GBX 170 ($2.27) to GBX 155 ($2.07) and set a “hold” rating for the company in a research note on Thursday, October 19th.
Shares of Centamin (LON CEY) traded up GBX 2.70 ($0.04) during mid-day trading on Monday, hitting GBX 158.30 ($2.12). The company’s stock had a trading volume of 1,852,521 shares, compared to its average volume of 4,900,000. The firm has a market cap of $1,820.00 and a P/E ratio of 2,261.43. Centamin has a 52-week low of GBX 130.60 ($1.75) and a 52-week high of GBX 193.90 ($2.59).
Centamin 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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