Analysts Set Centamin PLC (LON:CEY) PT at GBX 118

Centamin PLC (LON:CEY) has been assigned an average rating of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 121.25 ($1.58).

Several brokerages recently commented on CEY. Jefferies Financial Group upgraded Centamin to a “buy” rating and upped their target price for the company from GBX 110 ($1.44) to GBX 155 ($2.03) in a report on Tuesday, July 30th. Royal Bank of Canada reiterated a “sector performer” rating on shares of Centamin in a report on Tuesday, July 23rd. Berenberg Bank upped their target price on Centamin from GBX 110 ($1.44) to GBX 120 ($1.57) and gave the company a “hold” rating in a report on Tuesday, July 30th. Peel Hunt restated a “hold” rating on shares of Centamin in a report on Wednesday, July 31st. Finally, Numis Securities restated a “buy” rating and set a GBX 110 ($1.44) price target on shares of Centamin in a report on Wednesday, April 24th.

CEY stock traded down GBX 0.05 ($0.00) during trading on Tuesday, hitting GBX 133.40 ($1.74). The company had a trading volume of 7,061,791 shares, compared to its average volume of 6,320,000. The stock has a 50-day moving average price of GBX 116.52. Centamin has a one year low of GBX 79.14 ($1.03) and a one year high of GBX 136.75 ($1.79). The firm has a market cap of $1.54 billion and a PE ratio of 20.84.

The firm also recently declared a dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, August 29th will be issued a dividend of $0.04 per share. This represents a dividend yield of 2.49%. This is a boost from Centamin’s previous dividend of $0.03. The ex-dividend date is Thursday, August 29th. Centamin’s dividend payout ratio is presently 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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