Centamin Plc (OTCMKTS:CELTF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday.

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. “

Centamin Plc (CELTF) opened at 2.016 on Monday. The company has a market capitalization of $2.32 billion, a P/E ratio of 0.364 and a beta of 0.36. Centamin Plc has a 52 week low of $1.39 and a 52 week high of $2.40. The firm has a 50 day moving average of $2.07 and a 200-day moving average of $2.11.

Centamin Plc (OTCMKTS:CELTF) last posted its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $0.03 earnings per share for the quarter. Centamin Plc had a net margin of 31.25% and a return on equity of 15.28%. The company had revenue of $151.28 million for the quarter, compared to the consensus estimate of $156.84 million.

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