Centamin (LON:CEY) Upgraded by Peel Hunt to Buy
Peel Hunt upgraded shares of Centamin (LON:CEY) to a buy rating in a research note published on Friday, Stock Target Advisor reports.
A number of other analysts have also recently issued reports on CEY. Berenberg Bank raised their price objective on Centamin from GBX 116 ($1.53) to GBX 127 ($1.67) and gave the company a hold rating in a research report on Friday, January 10th. Shore Capital reaffirmed a not rated rating on shares of Centamin in a research report on Wednesday, January 15th. Goldman Sachs Group raised their price objective on Centamin from GBX 127 ($1.67) to GBX 135 ($1.78) and gave the company a neutral rating in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada reaffirmed a sector performer rating on shares of Centamin in a research report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Centamin presently has a consensus rating of Buy and an average target price of GBX 133.67 ($1.76).
LON CEY traded up GBX 9.92 ($0.13) during trading hours on Friday, hitting GBX 107.20 ($1.41). 15,108,395 shares of the company traded hands, compared to its average volume of 6,320,000. The business’s 50-day moving average is GBX 130.63 and its 200-day moving average is GBX 123.60. Centamin has a twelve month low of GBX 79.14 ($1.04) and a twelve month high of GBX 162.40 ($2.14). The stock has a market capitalization of $1.24 billion and a price-to-earnings ratio of 23.30.
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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