Macquarie Reiterates Outperform Rating for Centamin PLC (CEY)
Centamin PLC (LON:CEY)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Macquarie in a research report issued to clients and investors on Monday.
Several other analysts have also recently weighed in on CEY. Canaccord Genuity restated a “buy” rating on shares of Centamin PLC in a research report on Wednesday, October 12th. Panmure Gordon reiterated a “buy” rating on shares of Centamin PLC in a research report on Thursday, July 7th. Jefferies Group started coverage on shares of Centamin PLC in a research report on Wednesday, June 22nd. They issued a “hold” rating on the stock. Numis Securities Ltd upgraded shares of Centamin PLC to an “add” rating in a research report on Tuesday, October 11th. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Centamin PLC in a research report on Monday, June 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 81.38 ($0.99).
Centamin PLC (LON:CEY) opened at 144.20 on Monday. The firm’s market cap is GBX 1.66 billion. The stock’s 50 day moving average is GBX 148.81 and its 200 day moving average is GBX 134.50. Centamin PLC has a one year low of GBX 55.65 and a one year high of GBX 183.90.
About Centamin PLC
Centamin plc (Centamin) is a mineral exploration, development and mining company. The Company operates in Egypt, Ethiopia, the United Kingdom and Australia. The Company’s segment is the business of exploration and mining of precious metals. The Company’s principal asset is the Sukari Gold Mine, which is jointly owned by the Company’s subsidiary, Pharaoh Gold Mines NL (PGM), and Egyptian Mineral Resource Authority (EMRA) on approximately 50% equal basis.
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