Centamin (LON:CEY) had its price target lifted by Numis Securities from GBX 170 ($2.31) to GBX 200 ($2.71) in a research note issued to investors on Thursday morning. They currently have a buy rating on the mining company’s stock.
Other analysts have also recently issued research reports about the stock. Shore Capital Group reiterated a not rated rating on shares of Centamin in a research report on Thursday, November 2nd. Jefferies Group dropped their target price on shares of Centamin from GBX 170 ($2.31) to GBX 155 ($2.10) and set a hold rating for the company in a research report on Thursday, October 19th. Shore Capital reiterated a not rated rating on shares of Centamin in a research report on Thursday, November 2nd. Panmure Gordon reiterated a buy rating on shares of Centamin in a research report on Thursday, November 2nd. Finally, Royal Bank of Canada reiterated an outperform rating and set a GBX 170 ($2.31) target price on shares of Centamin in a research report on Thursday, January 4th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 185.56 ($2.52).
Shares of Centamin (CEY) opened at GBX 163.90 ($2.22) on Thursday. The company has a market cap of $1,880.00 and a price-to-earnings ratio of 2,731.67. Centamin has a 1 year low of GBX 130.60 ($1.77) and a 1 year high of GBX 193.90 ($2.63).
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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