Peel Hunt Increases Centamin (LON:CEY) Price Target to GBX 105
Centamin (LON:CEY) had its price objective boosted by Peel Hunt from GBX 95 ($1.24) to GBX 105 ($1.37) in a research report report published on Wednesday, ThisIsMoney.Co.Uk reports. Peel Hunt currently has a hold rating on the mining company’s stock.
A number of other equities research analysts also recently weighed in on CEY. Numis Securities reissued a buy rating and set a GBX 110 ($1.44) target price on shares of Centamin in a research report on Wednesday, April 24th. Royal Bank of Canada restated a sell rating and set a $7.50 price target on shares of Deutsche Bank in a research note on Thursday, April 25th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 106 ($1.39).
CEY stock traded up GBX 0.55 ($0.01) during trading on Wednesday, reaching GBX 114.85 ($1.50). 5,293,625 shares of the stock were exchanged, compared to its average volume of 6,320,000. Centamin has a twelve month low of GBX 79.14 ($1.03) and a twelve month high of GBX 136.75 ($1.79). The firm has a market capitalization of $1.34 billion and a P/E ratio of 17.95. The business’s 50 day simple moving average is GBX 103.66.
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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