Centamin (OTCMKTS:CELTF) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Centamin (OTCMKTS:CELTF) from a sell rating to a hold rating in a research note published on Thursday, Zacks.com reports.

According to Zacks, “Centamin plc is a mineral exploration development and mining company. It engages in the exploration, mining and development of mineral properties primarily in Egypt, Ethiopia, the United Kingdom and Australia. The company’s current projects include Sukari old Mines and focuses on the Arabian-Nubian Shield. Centamin plc is headquartered in Saint Helier, Jersey. “

A number of other equities analysts also recently issued reports on the company. Goldman Sachs Group downgraded Centamin from a buy rating to a neutral rating in a research report on Friday, October 18th. ValuEngine downgraded Centamin from a hold rating to a sell rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Centamin currently has a consensus rating of Hold and a consensus target price of $106.00.

Shares of OTCMKTS CELTF opened at $1.58 on Thursday. The business has a fifty day simple moving average of $1.45 and a two-hundred day simple moving average of $1.47. The firm has a market cap of $1.83 billion, a PE ratio of 26.33 and a beta of 0.32. Centamin has a twelve month low of $1.03 and a twelve month high of $1.87.

Centamin Company Profile

Centamin Plc engages in the exploration, development and mining of precious metals. It operates through the following business segments: Egypt, Burkina Faso, Cote d’Ivoire, and Corporate. The company was founded on March 24, 1970 and is headquartered in Saint Helier, the United Kingdom.

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