Centamin (OTCMKTS:CELTF) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research downgraded shares of Centamin (OTCMKTS:CELTF) from a hold rating to a sell rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Centamin plc is a mineral exploration development and mining company. It engages in the exploration, mining and development of mineral properties primarily in Egypt, Ethiopia, the United Kingdom and Australia. The company’s current projects include Sukari old Mines and focuses on the Arabian-Nubian Shield. Centamin plc is headquartered in Saint Helier, Jersey. “

Several other equities research analysts have also commented on the company. Jefferies Financial Group upgraded Centamin from a hold rating to a buy rating in a research note on Monday, July 29th. Goldman Sachs Group downgraded shares of Centamin from a buy rating to a neutral rating in a report on Friday, October 18th. Finally, ValuEngine raised shares of Centamin from a strong sell rating to a sell rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $106.00.

OTCMKTS:CELTF opened at $1.37 on Tuesday. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 20.19 and a beta of 0.34. Centamin has a one year low of $1.03 and a one year high of $1.87. The business has a fifty day moving average price of $1.54 and a 200-day moving average price of $1.40.

Centamin Company Profile

Centamin Plc engages in the exploration, development and mining of precious metals. It operates through the following business segments: Egypt, Burkina Faso, Cote d’Ivoire, and Corporate. The company was founded on March 24, 1970 and is headquartered in Saint Helier, the United Kingdom.

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