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).

CEY traded down GBX 0.80 ($0.01) during trading hours on Monday, hitting GBX 118.55 ($1.55). The company’s stock had a trading volume of 7,891,053 shares, compared to its average volume of 6,320,000. The business’s 50-day moving average price is GBX 114.21 and its 200-day moving average price is GBX 116.70. Centamin has a 12 month low of GBX 79.14 ($1.03) and a 12 month high of GBX 154.75 ($2.02). The stock has a market cap of $1.37 billion and a price-to-earnings ratio of 25.77.

About Centamin

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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Analyst Recommendations for Centamin (LON:CEY)

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