Centamin (CEY) PT Raised to GBX 200
Centamin (LON:CEY) had its target price lifted by investment analysts at Numis Securities from GBX 170 ($2.31) to GBX 200 ($2.71) in a research report issued on Thursday. The brokerage currently has a “buy” rating on the mining company’s stock. Numis Securities’ price objective indicates a potential upside of 23.00% from the stock’s current price.
A number of other research analysts have also recently weighed in on CEY. Shore Capital Group restated a “not rated” rating on shares of Centamin in a research note on Thursday, November 2nd. Royal Bank of Canada restated an “outperform” rating and set a GBX 170 ($2.31) target price on shares of Centamin in a research note on Thursday, January 4th. Shore Capital restated a “not rated” rating on shares of Centamin in a research note on Monday, October 9th. Goldman Sachs Group restated a “conviction-buy” rating and set a GBX 210 ($2.85) target price on shares of Centamin in a research note on Tuesday, October 10th. Finally, Panmure Gordon restated a “buy” rating on shares of Centamin in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Centamin presently has a consensus rating of “Buy” and a consensus target price of GBX 185.56 ($2.52).
Shares of Centamin (LON CEY) opened at GBX 162.60 ($2.21) on Thursday. Centamin has a 1 year low of GBX 130.60 ($1.77) and a 1 year high of GBX 193.90 ($2.63). The stock has a market cap of $1,880.00 and a price-to-earnings ratio of 2,710.00.
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Centamin plc is a mineral exploration, development and mining company. The Company is engaged in the business of exploration and production of precious metals. It operates in Australia, Jersey, Egypt, Burkina Faso and Cote d’Ivoire. Its principal asset, the Sukari Gold Mine (SGM), is located in the Eastern Desert, approximately 900 kilometers from Cairo and 25 kilometers from the Red Sea.
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