Centamin (CEY) Earns “Hold” Rating from Jefferies Financial Group
Jefferies Financial Group reaffirmed their hold rating on shares of Centamin (LON:CEY) in a research note released on Wednesday morning. They currently have a GBX 115 ($1.50) price objective on the mining company’s stock, down from their previous price objective of GBX 155 ($2.03).
CEY has been the subject of a number of other research reports. Numis Securities reiterated a buy rating and set a GBX 130 ($1.70) target price on shares of Centamin in a research note on Friday, October 5th. Royal Bank of Canada lowered their target price on shares of Centamin from GBX 160 ($2.09) to GBX 135 ($1.76) and set an outperform rating for the company in a research note on Tuesday, September 18th. Finally, Berenberg Bank lowered their target price on shares of Centamin from GBX 142 ($1.86) to GBX 115 ($1.50) and set a buy rating for the company in a research note on Tuesday, October 9th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of GBX 150 ($1.96).
Shares of LON:CEY opened at GBX 102.50 ($1.34) on Wednesday. Centamin has a 12-month low of GBX 130.60 ($1.71) and a 12-month high of GBX 193.90 ($2.53).
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.
Recommended Story: What are the Different Types of Leveraged Buyouts?
Receive News & Ratings for Centamin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centamin and related companies with MarketBeat.com's FREE daily email newsletter.