Centamin’s (CEY) Outperform Rating Reaffirmed at BNP Paribas

Centamin (LON:CEY)‘s stock had its “outperform” rating reaffirmed by analysts at BNP Paribas in a research report issued on Friday. They currently have a GBX 210 ($2.95) price target on the mining company’s stock. BNP Paribas’ price target suggests a potential upside of 29.83% from the company’s previous close.

Several other equities research analysts have also issued reports on CEY. Numis Securities reaffirmed a “buy” rating and issued a GBX 200 ($2.81) price objective on shares of Centamin in a research note on Thursday. Shore Capital Group reaffirmed a “not rated” rating on shares of Centamin in a research note on Thursday, November 2nd. Shore Capital reaffirmed a “not rated” rating on shares of Centamin in a research note on Monday, October 9th. Goldman Sachs Group reaffirmed a “conviction-buy” rating and issued a GBX 210 ($2.95) price objective on shares of Centamin in a research note on Tuesday, October 10th. Finally, Panmure Gordon reissued a “buy” rating on shares of Centamin in a research note on Thursday, November 2nd. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 185.56 ($2.61).

Shares of Centamin (LON:CEY) opened at GBX 161.75 ($2.27) on Friday. The stock has a market capitalization of $1,860.00 and a P/E ratio of 2,310.71. Centamin has a one year low of GBX 130.60 ($1.83) and a one year high of GBX 193.90 ($2.72).

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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.

Analyst Recommendations for Centamin (LON:CEY)

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