Centamin (CEY) Earns Conviction-Buy Rating from Goldman Sachs

Centamin (LON:CEY)‘s stock had its “conviction-buy” rating reiterated by stock analysts at Goldman Sachs in a report issued on Friday.

CEY has been the topic of a number of other research reports. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 170 ($2.39) price objective on shares of Centamin in a report on Thursday, January 4th. Berenberg Bank reissued a “hold” rating and issued a GBX 156 ($2.19) price objective on shares of Centamin in a report on Friday, March 9th. Numis Securities reaffirmed a “buy” rating and set a GBX 170 ($2.39) price target on shares of Centamin in a report on Friday, December 15th. Finally, BNP Paribas reaffirmed an “outperform” rating on shares of Centamin in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 181.60 ($2.55).

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CEY opened at GBX 152.40 ($2.14) on Friday. Centamin has a 12-month low of GBX 130.60 ($1.83) and a 12-month 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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