Centamin (LON:CEY) Share Price Crosses Above 200-Day Moving Average of $98.14

Centamin plc (LON:CEY) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 98.14 ($1.21) and traded as high as GBX 125.70 ($1.55). Centamin shares last traded at GBX 124.10 ($1.53), with a volume of 5,367,619 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 150 ($1.85) price objective on shares of Centamin in a research report on Thursday, April 18th.

Centamin Trading Up 0.9 %

The company has a 50-day moving average of GBX 109.67 and a 200 day moving average of GBX 98.14. 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 company has a market cap of £1.45 billion, a PE ratio of 2,068.33, a price-to-earnings-growth ratio of -1.53 and a beta of 0.60.

Centamin Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Thursday, May 30th will be issued a $0.02 dividend. This represents a dividend yield of 1.48%. The ex-dividend date is Thursday, May 30th. Centamin’s dividend payout ratio (DPR) is 5,000.00%.

Centamin Company Profile

Centamin plc, together with its subsidiaries, engages in the exploration, mining, and development of gold and precious metals in Egypt, Côte d'Ivoire, Burkina Faso, 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.