Centamin PLC (CEY) Stock Rating Reaffirmed by Investec

Centamin PLC (LON:CEY)‘s stock had its “buy” rating restated by equities researchers at Investec in a research note issued on Monday. They presently have a GBX 185 ($2.39) target price on the mining company’s stock. Investec’s price objective would suggest a potential upside of 4.58% from the stock’s current price.

CEY has been the subject of several other reports. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating on shares of Centamin PLC in a research note on Thursday, March 16th. Macquarie boosted their target price on Centamin PLC from GBX 180 ($2.33) to GBX 200 ($2.58) and gave the stock an “outperform” rating in a research report on Thursday. BNP Paribas assumed coverage on Centamin PLC in a research report on Thursday, May 18th. They set an “outperform” rating and a GBX 210 ($2.71) target price on the stock. Panmure Gordon restated a “buy” rating on shares of Centamin PLC in a report on Wednesday, May 3rd. Finally, Numis Securities Ltd restated a “hold” rating on shares of Centamin PLC in a report on Thursday, May 4th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Centamin PLC presently has an average rating of “Buy” and an average price target of GBX 199.25 ($2.57).

Analyst Recommendations for Centamin PLC (LON:CEY)

Centamin PLC (CEY) traded down 0.79% during midday trading on Monday, reaching GBX 175.50. The company’s stock had a trading volume of 10,416,712 shares. Centamin PLC has a 1-year low of GBX 104.10 and a 1-year high of GBX 193.90. The firm’s market capitalization is GBX 2.03 billion. The stock’s 50-day moving average price is GBX 167.73 and its 200 day moving average price is GBX 158.91.

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In other news, insider Trevor Stanley Schultz purchased 2,600 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was acquired at an average cost of GBX 154 ($1.99) per share, for a total transaction of £4,004 ($5,173.80). Also, insider Andrew Pardey sold 33,333 shares of Centamin PLC stock in a transaction dated Monday, June 5th. The stock was sold at an average price of GBX 168 ($2.17), for a total value of £55,999.44 ($72,360.05).

Centamin PLC Company Profile

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.

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