Centamin (LON:CEY) Shares Pass Above Two Hundred Day Moving Average of $100.67

Centamin plc (LON:CEY)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 100.67 ($1.26) and traded as high as GBX 124.30 ($1.56). Centamin shares last traded at GBX 124.30 ($1.56), with a volume of 3,457,326 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 150 ($1.88) price target on shares of Centamin in a report on Thursday, April 18th.

Centamin Price Performance

The company’s 50 day simple moving average is GBX 115.27 and its 200-day simple moving average is GBX 100.67. The company has a current ratio of 3.22, a quick ratio of 2.09 and a debt-to-equity ratio of 0.37. The company has a market capitalization of £1.44 billion, a price-to-earnings ratio of 2,071.67, a PEG ratio of -1.53 and a beta of 0.60.

Centamin Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Thursday, May 30th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a yield of 1.48%. Centamin’s dividend payout ratio (DPR) is presently 5,000.00%.

Insiders Place Their Bets

In other Centamin news, insider Martin Horgan sold 95,783 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of GBX 123 ($1.55), for a total value of £117,813.09 ($148,006.39). Corporate insiders own 0.21% of the company’s stock.

About Centamin

Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of gold and precious metals in Egypt, Côte d'Ivoire, Burkina Faso, Jersey, the United Kingdom, and Australia. Its principal asset is the Sukari Gold Mine project, which covers an area of approximately 160 square kilometers located in the Eastern Desert of Egypt.