Centamin (LON:CEY) Stock Price Passes Above Two Hundred Day Moving Average of $95.80

Shares of Centamin plc (LON:CEY) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 95.80 ($1.19) and traded as high as GBX 130.22 ($1.62). Centamin shares last traded at GBX 126.30 ($1.57), with a volume of 5,828,502 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upped their price objective on shares of Centamin from GBX 130 ($1.62) to GBX 150 ($1.87) and gave the stock a “buy” rating in a report on Tuesday, March 26th.

Centamin Stock Down 3.1 %

The firm has a market cap of £1.47 billion, a price-to-earnings ratio of 2,105.00, a P/E/G ratio of -1.53 and a beta of 0.60. The firm’s fifty day moving average is GBX 104.06 and its two-hundred day moving average is GBX 95.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.22 and a quick ratio of 2.09.

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. This represents a yield of 1.48%. The ex-dividend date of this dividend is Thursday, May 30th. Centamin’s payout ratio is 5,000.00%.

About Centamin

Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of gold and precious metals in Egypt, Burkina Faso, Côte d'Ivoire, 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.