Brokerages Set Centamin PLC (CEY) Price Target at $106.50

Centamin PLC (LON:CEY) has been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the stock, reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 106.50 ($1.39).

Several equities analysts have commented on CEY shares. Goldman Sachs Group upped their price objective on Centamin from GBX 115 ($1.50) to GBX 130 ($1.70) and gave the company a “neutral” rating in a research report on Friday, February 22nd. Jefferies Financial Group cut their price objective on Centamin from GBX 125 ($1.63) to GBX 110 ($1.44) and set a “hold” rating on the stock in a research report on Tuesday, February 26th. Royal Bank of Canada cut their price objective on Centamin from GBX 110 ($1.44) to GBX 105 ($1.37) and set a “sector performer” rating on the stock in a research report on Friday, March 8th. Peel Hunt started coverage on Centamin in a research report on Friday, March 22nd. They issued a “hold” rating and a GBX 95 ($1.24) price objective on the stock. Finally, Numis Securities reaffirmed a “buy” rating and issued a GBX 110 ($1.44) price objective on shares of Centamin in a research report on Wednesday, April 24th.

Centamin stock traded up GBX 1.14 ($0.01) during mid-day trading on Thursday, hitting GBX 89.96 ($1.18). The company’s stock had a trading volume of 3,996,888 shares, compared to its average volume of 6,320,000. The company has a market capitalization of $1.04 billion and a PE ratio of 14.06. Centamin has a one year low of GBX 79.14 ($1.03) and a one year high of GBX 163.85 ($2.14).

The firm also recently disclosed a dividend, which was paid on Monday, May 13th. Shareholders of record on Thursday, April 18th were given a $0.03 dividend. This represents a yield of 1.71%. The ex-dividend date was Thursday, April 18th. This is an increase from Centamin’s previous dividend of $0.03. Centamin’s dividend payout ratio is 0.63%.

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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