Centamin PLC (LON:CEY) Receives Consensus Recommendation of “Hold” from Analysts
Centamin PLC (LON:CEY) has been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 131 ($1.71).
A number of equities research analysts recently issued reports on CEY shares. Shore Capital reaffirmed a “not rated” rating on shares of Centamin in a research note on Thursday, October 3rd. Numis Securities restated a “buy” rating on shares of Centamin in a report on Thursday, October 24th. Bank of America restated a “buy” rating on shares of Centamin in a research report on Tuesday, October 8th. Berenberg Bank lowered their price target on shares of Centamin from GBX 120 ($1.57) to GBX 113 ($1.48) and set a “hold” rating for the company in a report on Wednesday, October 16th. Finally, Peel Hunt reiterated a “hold” rating on shares of Centamin in a research report on Tuesday.
In related news, insider Marna Cloete purchased 15,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average cost of GBX 113 ($1.48) per share, for a total transaction of £16,950 ($22,148.18).
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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