Centamin PLC (LON:CEY) was downgraded by equities researchers at Numis Securities Ltd to a “hold” rating in a research report issued on Monday.
A number of other analysts have also recently commented on the stock. Macquarie restated an “outperform” rating on shares of Centamin PLC in a report on Monday, February 6th. Panmure Gordon reiterated a “buy” rating on shares of Centamin PLC in a research note on Wednesday, February 1st. Canaccord Genuity reiterated a “buy” rating on shares of Centamin PLC in a research note on Wednesday, February 1st. Royal Bank Of Canada reiterated a “sector performer” rating on shares of Centamin PLC in a research note on Tuesday, November 1st. Finally, Jefferies Group LLC reiterated a “hold” rating on shares of Centamin PLC in a research note on Tuesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. Centamin PLC has a consensus rating of “Hold” and an average price target of GBX 85 ($1.06).
Centamin PLC (LON:CEY) traded down 1.69% during midday trading on Monday, hitting GBX 174.20. 14,169,057 shares of the stock were exchanged. The stock’s market cap is GBX 2.00 billion. The company’s 50 day moving average is GBX 149.46 and its 200-day moving average is GBX 149.49. Centamin PLC has a 1-year low of GBX 77.70 and a 1-year high of GBX 183.90.
The firm also recently declared a dividend, which will be paid on Friday, March 31st. Stockholders of record on Thursday, March 2nd will be given a dividend of GBX 0.14 ($0.00) per share. The ex-dividend date of this dividend is Thursday, March 2nd. This represents a dividend yield of 6.67%. This is a positive change from Centamin PLC’s previous dividend of $0.02.
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In other news, insider Josef El-Raghy sold 5,000,000 shares of the company’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of GBX 173 ($2.16), for a total transaction of £8,650,000 ($10,809,797.55).
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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