Centamin PLC (LON:CEY) Receives GBX 131 Consensus Price Target from Analysts

Centamin PLC (LON:CEY) has received an average rating of “Hold” from the eight analysts that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 131 ($1.71).

CEY has been the topic of a number of recent analyst reports. Bank of America reiterated a “buy” rating on shares of Centamin in a research report on Tuesday, October 8th. Shore Capital restated a “not rated” rating on shares of Centamin in a research report on Thursday, October 3rd. Berenberg Bank decreased their target price on Centamin from GBX 120 ($1.57) to GBX 113 ($1.48) and set a “hold” rating on the stock in a research report on Wednesday, October 16th. Numis Securities restated a “buy” rating on shares of Centamin in a research report on Thursday, October 24th. Finally, Goldman Sachs Group downgraded Centamin to a “neutral” rating and decreased their target price for the company from GBX 155 ($2.03) to GBX 125 ($1.63) in a research report on Friday, October 18th.

CEY stock traded down GBX 0.80 ($0.01) during mid-day trading on Thursday, reaching GBX 113.05 ($1.48). 6,174,156 shares of the company’s stock were exchanged, compared to its average volume of 6,320,000. The company has a market cap of $1.30 billion and a price-to-earnings ratio of 24.58. The stock’s 50 day moving average is GBX 117.50 and its 200 day moving average is GBX 113.10. Centamin has a 12-month low of GBX 79.14 ($1.03) and a 12-month high of GBX 154.75 ($2.02).

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.

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Analyst Recommendations for Centamin (LON:CEY)

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