Centamin (LON:CEY) PT Lowered to GBX 130

Centamin (LON:CEYGet Rating) had its target price cut by analysts at Royal Bank of Canada from GBX 140 ($1.73) to GBX 130 ($1.61) in a research report issued on Wednesday, Marketbeat reports. The brokerage presently has an “outperform” rating on the mining company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 12.07% from the stock’s current price.

CEY has been the topic of a number of other reports. Berenberg Bank reissued a “buy” rating and set a GBX 123 ($1.52) price target on shares of Centamin in a report on Tuesday, December 13th. Bank of America reissued a “buy” rating and set a GBX 150 ($1.86) price target on shares of Centamin in a report on Monday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Centamin has an average rating of “Moderate Buy” and an average target price of GBX 122.20 ($1.51).

Centamin Stock Performance

Shares of CEY stock traded down GBX 0.25 ($0.00) during trading hours on Wednesday, hitting GBX 116 ($1.44). The company’s stock had a trading volume of 5,055,266 shares, compared to its average volume of 6,549,706. The company has a 50 day moving average of GBX 111.62 and a 200 day moving average of GBX 96.86. The stock has a market cap of £1.34 billion and a PE ratio of 1,288.89. The company has a current ratio of 3.94, a quick ratio of 2.09 and a debt-to-equity ratio of 0.39. Centamin has a 12-month low of GBX 74.18 ($0.92) and a 12-month high of GBX 127.60 ($1.58).

Centamin Company Profile

(Get Rating)

Centamin plc engages in the exploration, mining, and development of precious metals in Egypt, Burkina Faso, Côte d'Ivoire, Jersey, the United Kingdom, and Australia. The company explores for gold deposits. Its principal asset is the Sukari Gold Mine project, which covers an area of approximately 160 square kilometers located in the Eastern Desert of Egypt.

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Analyst Recommendations for Centamin (LON:CEY)

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