Centamin (LON:CEY) had its price objective hoisted by Numis Securities from GBX 170 ($2.31) to GBX 200 ($2.71) in a research report report published on Thursday. They currently have a buy rating on the mining company’s stock.
Other research analysts have also issued reports about the company. Panmure Gordon reissued a buy rating on shares of Centamin in a report on Thursday, November 2nd. Goldman Sachs Group reissued a conviction-buy rating and set a GBX 205 ($2.78) target price on shares of Centamin in a report on Friday, November 24th. Jefferies Group decreased their target price on Centamin from GBX 170 ($2.31) to GBX 155 ($2.10) and set a hold rating on the stock in a report on Thursday, October 19th. Shore Capital reissued a not rated rating on shares of Centamin in a report on Monday, October 9th. Finally, Shore Capital Group reissued a not rated rating on shares of Centamin in a report on Thursday, November 2nd. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of GBX 185.56 ($2.52).
Centamin (CEY) traded up GBX 2.25 ($0.03) during mid-day trading on Thursday, hitting GBX 163.90 ($2.22). The company had a trading volume of 6,360,000 shares, compared to its average volume of 5,190,000. The firm has a market cap of $1,880.00 and a price-to-earnings ratio of 2,731.67. Centamin has a 1-year low of GBX 130.60 ($1.77) and a 1-year high of GBX 193.90 ($2.63).
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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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