Centamin (LON:CEY) Price Target Increased to GBX 125 by Analysts at Peel Hunt

Centamin (LON:CEY) had its price target raised by Peel Hunt from GBX 115 ($1.51) to GBX 125 ($1.64) in a report released on Wednesday, Stock Target Advisor reports. Peel Hunt currently has a hold rating on the mining company’s stock.

Several other equities analysts have also issued reports on CEY. Shore Capital restated a not rated rating on shares of Centamin in a research report on Wednesday, January 15th. Numis Securities restated a buy rating on shares of Centamin in a research report on Thursday, October 24th. Berenberg Bank raised their price target on Centamin from GBX 116 ($1.53) to GBX 127 ($1.67) and gave the stock a hold rating in a research report on Friday, January 10th. Goldman Sachs Group raised their price target on Centamin from GBX 127 ($1.67) to GBX 135 ($1.78) and gave the stock a neutral rating in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada restated a sector performer rating on shares of Centamin in a research report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Centamin has an average rating of Hold and a consensus target price of GBX 130.33 ($1.71).

CEY opened at GBX 153.15 ($2.01) on Wednesday. The stock’s 50 day simple moving average is GBX 130.45 and its 200 day simple moving average is GBX 124.93. Centamin has a 1 year low of GBX 79.14 ($1.04) and a 1 year high of GBX 154.75 ($2.04). The firm has a market cap of $1.77 billion and a price-to-earnings ratio of 33.29.

The business also recently declared a dividend, which will be paid on Friday, June 12th. Investors of record on Thursday, May 21st will be given a dividend of $0.06 per share. This represents a yield of 3.89%. This is a positive change from Centamin’s previous dividend of $0.04. The ex-dividend date is Thursday, May 21st. Centamin’s dividend payout ratio (DPR) is presently 1.74%.

About Centamin

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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Analyst Recommendations for Centamin (LON:CEY)

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