Centamin (CELTF) Rating Increased to Hold at Zacks Investment Research
Centamin (OTCMKTS:CELTF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Centamin plc is a mineral exploration development and mining company. It engages in the exploration, mining and development of mineral properties primarily in Egypt, Ethiopia, the United Kingdom and Australia. The company’s current projects include Sukari old Mines and focuses on the Arabian-Nubian Shield. Centamin plc is headquartered in Saint Helier, Jersey. “
Separately, ValuEngine lowered Centamin from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th.
Centamin (OTCMKTS:CELTF) last posted its earnings results on Thursday, November 1st. The basic materials company reported $0.01 earnings per share for the quarter. Centamin had a return on equity of 10.36% and a net margin of 23.81%. The company had revenue of $125.13 million for the quarter, compared to analyst estimates of $139.72 million. On average, equities research analysts anticipate that Centamin will post 0.07 EPS for the current year.
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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