Centamin (LON:CEY) Shares Pass Above 200 Day Moving Average – Should You Sell?

Shares of Centamin plc (LON:CEY) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 131.35 ($1.70) and traded as high as GBX 164.90 ($2.14). Centamin shares last traded at GBX 163.50 ($2.12), with a volume of 10,938,738 shares traded.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Canaccord Genuity Group restated a “buy” rating and set a GBX 150 ($1.95) target price on shares of Centamin in a research note on Tuesday, September 10th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 160 ($2.07) price target on shares of Centamin in a research report on Wednesday, August 21st.

Centamin Trading Down 2.0 %

The stock has a 50-day simple moving average of GBX 147.76 and a 200 day simple moving average of GBX 131.80. The company has a current ratio of 3.44, a quick ratio of 2.09 and a debt-to-equity ratio of 0.29. The company has a market cap of £1.84 billion, a price-to-earnings ratio of 3,228.00, a PEG ratio of -1.53 and a beta of 0.56.

About Centamin

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.