Research Analysts Set Expectations for Centamin Plc’s FY2018 Earnings (CELTF)

Centamin Plc (OTCMKTS:CELTF) – Jefferies Group increased their FY2018 earnings estimates for shares of Centamin in a note issued to investors on Monday. Jefferies Group analyst A. Spence now anticipates that the basic materials company will post earnings per share of $0.11 for the year, up from their previous estimate of $0.10. Jefferies Group also issued estimates for Centamin’s FY2019 earnings at $0.11 EPS.

A number of other research analysts also recently commented on the company. Zacks Investment Research raised Centamin from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a research note on Monday, October 23rd. ValuEngine downgraded Centamin from a “buy” rating to a “hold” rating in a research note on Tuesday.

Centamin (OTCMKTS:CELTF) traded down $0.03 during mid-day trading on Tuesday, reaching $2.27. The company had a trading volume of 500 shares, compared to its average volume of 13,280. The firm has a market capitalization of $2,649.85, a P/E ratio of 15.33 and a beta of 0.31. Centamin has a fifty-two week low of $1.70 and a fifty-two week high of $2.40.

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About Centamin

Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of precious metals in Egypt, Burkina Faso, Côte d’Ivoire, United Kingdom, and Australia. The company explores for gold ore deposits. It primarily holds interest in the Sukari Gold Mine project, which covers an area of 160 square kilometers located in the south-easterly region of the Eastern Desert, Egypt.

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