Centamin (LON:CEY) Price Target Raised to GBX 150 at Berenberg Bank

Centamin (LON:CEY) had its price objective lifted by Berenberg Bank from GBX 130 ($1.64) to GBX 150 ($1.90) in a research note published on Tuesday morning, MarketBeat.com reports. Berenberg Bank currently has a buy rating on the mining company’s stock.

Centamin Stock Up 1.8 %

Shares of Centamin stock opened at GBX 112.90 ($1.43) on Tuesday. Centamin has a 1 year low of GBX 77.25 ($0.98) and a 1 year high of GBX 115.10 ($1.45). The firm has a market cap of £1.31 billion, a price-to-earnings ratio of 1,881.67, a PEG ratio of -1.53 and a beta of 0.56. The company has a 50-day moving average of GBX 98.39 and a 200 day moving average of GBX 93.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.22 and a quick ratio of 2.09.

Centamin Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Thursday, May 30th will be paid a dividend of $0.02 per share. This represents a dividend yield of 1.48%. The ex-dividend date is Thursday, May 30th. Centamin’s dividend payout ratio is 5,000.00%.

About Centamin

Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of gold and precious metals in Egypt, Burkina Faso, Côte d'Ivoire, Jersey, the United Kingdom, and Australia. 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.