Centamin (LON:CEY) Stock Rating Reaffirmed by Berenberg Bank

Centamin (LON:CEY)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a report issued on Thursday, Marketbeat Ratings reports. They presently have a GBX 150 ($1.87) price objective on the mining company’s stock. Berenberg Bank’s target price points to a potential upside of 17.65% from the stock’s previous close.

Centamin Trading Down 0.5 %

CEY opened at GBX 127.50 ($1.59) on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.22 and a quick ratio of 2.09. The stock has a market capitalization of £1.48 billion, a price-to-earnings ratio of 2,125.00, a PEG ratio of -1.53 and a beta of 0.60. The business has a fifty day moving average price of GBX 106.23 and a 200 day moving average price of GBX 96.57. Centamin has a 12 month low of GBX 77.25 ($0.96) and a 12 month high of GBX 132.80 ($1.65).

Centamin Company Profile

Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of gold and precious metals in Egypt, Burkina Faso, Côte d'Ivoire, Jersey, the United Kingdom, and Australia. Its principal asset is the Sukari Gold Mine project, which covers an area of approximately 160 square kilometers located in the Eastern Desert of Egypt.