Centamin PLC (CEY) Receives Consensus Recommendation of “Buy” from Analysts
Centamin PLC (LON:CEY) has been given a consensus rating of “Buy” by the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 148.67 ($1.94).
CEY has been the subject of a number of recent analyst reports. Numis Securities raised their target price on Centamin from GBX 180 ($2.34) to GBX 200 ($2.61) and gave the company a “buy” rating in a report on Tuesday, July 10th. Royal Bank of Canada cut their price target on Centamin from GBX 160 ($2.08) to GBX 135 ($1.76) and set an “outperform” rating for the company in a research note on Tuesday, September 18th.
Centamin stock traded up GBX 1.25 ($0.02) during midday trading on Wednesday, reaching GBX 106.85 ($1.39). The company’s stock had a trading volume of 2,569,898 shares, compared to its average volume of 6,320,000. Centamin has a fifty-two week low of GBX 130.60 ($1.70) and a fifty-two week high of GBX 193.90 ($2.53).
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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