Centamin PLC (CEY) Given Outperform Rating at Macquarie
A number of other brokerages have also recently issued reports on CEY. Numis Securities Ltd reissued a hold rating on shares of Centamin PLC in a report on Thursday, August 11th. Jefferies Group initiated coverage on shares of Centamin PLC in a report on Wednesday, June 22nd. They set a hold rating on the stock. Canaccord Genuity reissued a buy rating on shares of Centamin PLC in a report on Thursday, July 7th. Goldman Sachs Group Inc. reissued a buy rating on shares of Centamin PLC in a report on Monday, June 27th. Finally, Panmure Gordon reissued a buy rating on shares of Centamin PLC in a report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 80.11 ($1.05).
Shares of Centamin PLC (LON:CEY) opened at 144.60 on Tuesday. The company’s 50 day moving average price is GBX 161.21 and its 200 day moving average price is GBX 127.10. Centamin PLC has a 12-month low of GBX 55.65 and a 12-month high of GBX 183.90. The firm’s market cap is GBX 1.67 billion.
About Centamin PLC
Centamin plc (Centamin) is a mineral exploration, development and mining company. The Company operates in Egypt, Ethiopia, the United Kingdom and Australia. The Company’s segment is the business of exploration and mining of precious metals. The Company’s principal asset is the Sukari Gold Mine, which is jointly owned by the Company’s subsidiary, Pharaoh Gold Mines NL (PGM), and Egyptian Mineral Resource Authority (EMRA) on approximately 50% equal basis.
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