Brokerages Set Centamin (CEY) PT at $176.83

Centamin (LON:CEY) has been assigned a consensus recommendation of “Buy” from the twelve brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 176.83 ($2.40).

CEY has been the topic of several analyst reports. Numis Securities reiterated a “buy” rating and set a GBX 200 ($2.71) price target on shares of Centamin in a report on Thursday, February 1st. Goldman Sachs reiterated a “conviction-buy” rating on shares of Centamin in a report on Friday, April 6th. Berenberg Bank reiterated a “hold” rating and set a GBX 156 ($2.12) price target on shares of Centamin in a report on Friday, March 9th. Royal Bank of Canada reiterated an “outperform” rating on shares of Centamin in a report on Monday, April 9th. Finally, BNP Paribas reiterated an “outperform” rating on shares of Centamin in a report on Thursday, April 5th.

CEY traded up GBX 1.85 ($0.03) on Friday, hitting GBX 164.25 ($2.23). 3,723,630 shares of the company’s stock were exchanged, compared to its average volume of 6,320,000. Centamin has a fifty-two week low of GBX 130.60 ($1.77) and a fifty-two week high of GBX 193.90 ($2.63).

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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