Centamin (LON:CEY) had its price objective increased by Peel Hunt from GBX 95 ($1.24) to GBX 105 ($1.37) in a research report released on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have a hold rating on the mining company’s stock.
A number of other brokerages have also recently weighed in on CEY. Royal Bank of Canada restated a sell rating and set a $7.50 price objective on shares of Deutsche Bank in a research note on Thursday, April 25th. Numis Securities restated a buy rating and set a GBX 110 ($1.44) price objective on shares of Centamin in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 106 ($1.39).
Shares of LON CEY opened at GBX 113.70 ($1.49) on Wednesday. Centamin has a fifty-two week low of GBX 79.14 ($1.03) and a fifty-two week high of GBX 136.75 ($1.79). The company’s 50-day moving average is GBX 104.12. The company has a market capitalization of $1.31 billion and a PE ratio of 17.77.
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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