Centamin (OTCMKTS:CELTF) Stock Crosses Above 50 Day Moving Average of $2.72

Centamin PLC (OTCMKTS:CELTF)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $2.72 and traded as high as $2.80. Centamin shares last traded at $2.80, with a volume of 4,000 shares traded.

CELTF has been the topic of a number of recent analyst reports. Morgan Stanley restated an “equal weight” rating on shares of Centamin in a research report on Tuesday, June 23rd. BMO Capital Markets cut shares of Centamin from an “outperform” rating to a “market perform” rating in a research note on Monday, August 10th. Royal Bank of Canada restated a “buy” rating on shares of Centamin in a research note on Wednesday, August 12th. Peel Hunt reaffirmed a “buy” rating on shares of Centamin in a report on Tuesday, July 28th. Finally, Berenberg Bank downgraded Centamin from a “buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $3.25.

The firm has a market cap of $3.24 billion, a PE ratio of 35.02 and a beta of 0.91. The firm’s fifty day simple moving average is $2.72 and its two-hundred day simple moving average is $2.13.

Centamin Company Profile (OTCMKTS:CELTF)

Centamin Plc engages in the exploration, development and mining of precious metals. It operates through the following business segments: Egypt, Burkina Faso, Cote d’Ivoire, and Corporate. The company was founded on March 24, 1970 and is headquartered in Saint Helier, the United Kingdom.

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