Centamin (LON:CEY) Stock Rating Reaffirmed by Numis Securities

Centamin (LON:CEY)‘s stock had its “buy” rating reissued by stock analysts at Numis Securities in a research report issued on Thursday, February 1st. They presently have a GBX 200 ($2.76) price objective on the mining company’s stock. Numis Securities’ price target indicates a potential upside of 25.59% from the company’s current price.

A number of other equities research analysts also recently weighed in on CEY. Shore Capital reissued a “not rated” rating on shares of Centamin in a report on Monday, October 9th. Goldman Sachs Group restated a “conviction-buy” rating and issued a GBX 210 ($2.90) price target on shares of Centamin in a research report on Tuesday, October 10th. Jefferies Group decreased their price target on Centamin from GBX 170 ($2.35) to GBX 155 ($2.14) and set a “hold” rating on the stock in a research report on Thursday, October 19th. Panmure Gordon restated a “buy” rating on shares of Centamin in a research report on Thursday, November 2nd. Finally, Shore Capital Group restated a “not rated” rating on shares of Centamin in a research report on Thursday, November 2nd. One equities 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. Centamin has an average rating of “Buy” and a consensus price target of GBX 185.56 ($2.56).

Centamin (LON CEY) traded down GBX 0.40 ($0.01) on Thursday, hitting GBX 159.25 ($2.20). The stock had a trading volume of 5,131,001 shares, compared to its average volume of 6,170,000. Centamin has a 12 month low of GBX 130.60 ($1.80) and a 12 month high of GBX 193.90 ($2.68). The firm has a market capitalization of $1,820.00 and a P/E ratio of 2,275.00.

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Centamin Company Profile

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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